SPRC Reports Positive Financial Result in Q1 of 2025

SPRC's enterprise margin in Q1/2025 was US$ 5.45/barrel, down from US$ 6.72/barrel in the previous quarter due to the softened refined product cracks which were influenced by uncertainties in the global economy. However, in Q1/2025, SPRC continued to focus on feedstocks and products optimization through our Bottom-Line Improvement Program (BLIP) to consistently enhance cost-effectiveness in operational performance.

"Going forward, SPRC is well-positioned to driving strong performance and delivering superior shareholder returns through optimization of our refinery value chain. We are exploring new circular business, deploying "Spot to Street" strategies to optimize and maximize fuel netback margin. We will also continue to explore integration opportunities with refinery and petrochemical partners to capture benefits through the whole value chain. At the same time, our capital management will keep seeking opportunities to maximize returns for our shareholders via 2026 Turnaround & Inspection (T&I) Plan and beyond", said Mr. Dobrik.

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