Star Petroleum Refining Public Company Limited (SPRC) today held the 2025 Annual General Meeting of Shareholders, via electronic media (e-AGM), to inform the shareholders of the company's operational and financial performance for the year 2024, dividend payment and business direction.
Mr. Robert Dobrik, CEO and Director of SPRC, reported the net profit of US$ 60 million in 2024. The enterprise margin was US$ 6.10 per barrel. The growth in 2024 was attributed to improved refining margins, higher crude intake as well as US$ 29 million in added value capture post the successful acquisition of Chevron's Fuels and Marketing business in Thailand on 3 January 2024.
In light of such success, the Shareholder Meeting approved the annual dividend payment for 2024 of Baht 0.40 per share. After deducting the interim dividend payment of Baht 0.25 per share for the first six months of 2024 performance, the remaining dividend is Baht 0.15 per share. The record date for shareholders entitled for dividend payment was 7 March 2025 and the dividend payment will be on 9 May 2025.
"The integration of our refinery and commercial business improved enterprise value and helped lay a strong foundation for continued success through crude to customer value chain optimization and smart investment. We are committed to driving strong performance and delivering superior shareholder return through optimization of our refinery value chain, exploring new circular business and deploying "Spot to Street" strategies to optimize sales in the highest netback channels", concluded Mr. Dobrik.