Binh Minh Plastics Joint Stock Company (BMP)'s recently published financial report revealed that in Q4/2025, revenue reached over 1,286 billion VND, a 22% increase compared to the same period last year. Consequently, after-tax profit rose by 13% to over 261 billion VND.

For the full year 2025, Binh Minh Plastics' revenue reached nearly 5,510 billion VND, a 12% increase and its highest level since 2022. While the cost of goods sold also increased, its growth rate was slower than that of revenue, helping the company improve its gross profit by 13% to nearly 2,540 billion VND. The gross profit margin exceeded 46%, indicating that for every 10 VND sold, nearly 5 VND could be profit before expenses.

Additionally, financial income improved by 13% to over 102 billion VND, primarily driven by deposit interest. By the end of 2025, the company held over 2,000 billion VND in bank deposits.

Operating expenses also increased but at a slower pace than revenue. As a result, BMP reported a profit of nearly 1,229 billion VND, approximately 12,4% higher than in 2024. This also marks a record profit in the company's decades-long operating history. The company surpassed its full-year 2025 revenue target by nearly 3% and exceeded its profit plan by over 16%.

Binh Minh Plastics has operated for 50 years, originally a state-owned enterprise. It is one of the nation's leading plastics companies, known for its household and high-tech products used in numerous national projects.

In 2018, Nawaplastic, a member of Thailand's SCG Group, gained controlling interest by acquiring 24,2 million BMP shares from the State Capital Investment Corporation (SCIC). Prior to this, an SCG subsidiary became a major shareholder of the largest plastics enterprise on the stock market in 2012. It is estimated that Nawaplastic spent a total of approximately 2,750 billion VND to acquire its current stake in BMP.

Favorable business performance has allowed Binh Minh Plastics to maintain a consistent cash dividend history. Since the Thai shareholder invested, the company has consistently distributed profits to shareholders with ratios ranging from a minimum of 20% to a maximum of 126%.

For the first interim dividend payout for 2025, the company distributed 6,500 VND per share, equivalent to a 65% ratio. Cumulatively, from 2012 to the present, Nawaplastic has received a total of over 2,824 billion VND in dividends. It can be said that they have "broken even" solely through dividend payments.

Furthermore, on the stock market, Binh Minh Plastics shares were trading at 171,100 VND per unit as of the morning session on 19/1. Thus, the total value of BMP shares owned by the SCG subsidiary is nearly 7,700 billion VND, 2,8 times the initial capital invested.

Tat Dat