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Nhựa Bình Minh Joint Stock Company (BMP) has published its 2025 profit distribution proposal, including a second cash dividend payment of 83.6%, bringing the company’s total 2025 cash dividend payout to 148.6% after an initial 65% advance paid in December 2025. The dividend plan is expected to require more than 1,216 billion VND in cash, equivalent to 99% of BMP’s 2025 after-tax profit.
Under the proposal, BMP will pay a second cash dividend at a rate of 83.6%. For shareholders holding one share, this corresponds to 8,360 VND per share.
In December 2025, BMP advanced the first cash dividend at a rate of 65%. As a result, the total cash dividend payout for 2025 reaches 148.6%, which the company described as a record high.
With more than 81.86 million shares outstanding, BMP will need to pay over 1,216 billion VND in dividends. The payout is equivalent to 99% of the company’s after-tax profit for 2025.
BMP also plans to allocate at least 50% of after-tax profit for cash dividends to shareholders.
In the shareholder structure, Nawaplastic Industries, a member of the SCG Group (Thailand), holds over 45 million BMP shares, representing nearly 55% of the capital. Including both distribution rounds, Nawaplastic is expected to receive nearly 669 billion VND in dividends by the end of this year.
Nawaplastic began investing in Vietnam’s largest plastics company in 2012 and gained controlling rights in 2018 after acquiring equity from State Capital Investment and Business Co., Ltd. (SCIC).
It is estimated that SCG’s subsidiary spent about 2,750 billion VND to hold the BMP stake as it stands today. Over 14 years, Nawaplastic has received over 3.2 trillion VND in dividends, exceeding the initial investment by 18.5%.
Cumulatively, total cash dividends since 2012 exceed 3.2 trillion VND. On cash dividends alone, the deal generated about an 18.5% return.
BMP reported strong results in 2025. Revenue reached nearly 5,510 billion VND, up 12% and the highest since 2022. Net profit after tax was nearly 1,229 billion VND, up about 12.4% from 2024, marking a record profit in the company’s decades-long history.
For this year, BMP aims to achieve revenue of about 6,053 billion VND and after-tax profit of 1,278 billion VND, up roughly 10% and 4% respectively from 2025.
With BMP’s current share price around 148,100 VND, the value of the SCG-owned shares is nearly 6,665 billion VND, about 2.5 times the initial outlay.
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