Bangchak Corporation Public Company Limited (SET: BCP) has announced that its Board of Directors, through a resolution passed on 26 November 2025, has approved a Share Repurchase Program for the purpose of financial management.
The overall program is planned over a three-year period, spanning from 2025 to 2028, with a maximum allocation not exceeding Baht 3,800 million. The execution of the second and third years of the program will be contingent upon various factors, including the company’s excess liquidity and the amount of debt maturing within six months from the start date of that year’s repurchase.
The immediate focus is on the first phase of the repurchase, scheduled to commence shortly. This initial phase has a maximum budget of Baht 1,100 million, aimed at repurchasing not more than 29.50 million shares. This amount is equivalent to 2.14 percent of BCP’s total paid-up capital as of 26 November 2025.
The repurchase period for this initial tranche is set for six months, beginning on 16 December 2025 and concluding on 15 June 2026. Shares will be repurchased by means of automated order matching via the trading system of the Exchange. The repurchase price will be capped, not exceeding 115 percent of the average share closing price for the five working days prior to the repurchase date.
BCP states the key rationale for the project is to strengthen investor confidence in its financial position and future profitability, thereby helping to manage the share price in line with its intrinsic value. Furthermore, the buyback is expected to improve shareholder returns by increasing the Earnings per Share (EPS) and Return on Equity (ROE).
Financially, the company reported an accumulated profit of Baht 31,044 million as of 30 September 2025. BCP anticipates having sufficient liquidity and excess cash flow to successfully execute the share repurchase project while also being able to repay liabilities due within six months, estimated at Baht 2,521 million.
