Bangkok: Star Petroleum Refining Public Company Limited (SPRC) has announced a significant increase in its net profit for the year 2025, with figures rising by 31.6%.
According to Thai News Agency, SPRC reported total revenue of US$7,317.8 million and a net profit of US$78.8 million for the year. The growth in net profit is attributed to stronger refining margins in the oil refining business and increased marketing margins in the petroleum product distribution business.
Mr. Herbert Matthew Penn II, Chief Executive Officer and Director of SPRC, emphasized that past business integrations have solidified the foundation for ongoing value creation within the organization. Recently, the company unveiled a new corporate vision aimed at becoming a 'Leading Energy Company, Driving Sustainable Growth for the Future.' This vision focuses on delivering safe and reliable energy, while committing to sustainable growth for employees and all sectors of society. The restructuring aligns with strategies to maintain financial strength, optimize the value chain, and enhance cash flow from profitable growth in the marketing sector.
In the fourth quarter of 2025, SPRC recorded total revenue of $1,778.5 million and a net profit of $33.5 million. The high gross profit margin during this period offset inventory losses due to declining crude oil prices.
The company's Board of Directors has proposed a dividend of 0.45 baht per share for the net profit of 2025, to be discussed at the Annual General Meeting of Shareholders on April 10, 2026. After accounting for an interim dividend already paid, the remaining dividend is set at 0.30 baht per share, with a record date of March 6, 2026, and a payment date of May 8, 2026, pending shareholder approval.