CASTROL LUBRICANTS VIETNAM LIMITED

• ◆

  Material uncertainty over going concern

  Taken as a whole, the Castrol business is highly profitable and cash generative, however after change in ownership, Stonepeak may seek to reorganize its legal entity structure or transfer substantial components of the business to other existing legal entities within the new owners' control. Such an eventuality could result in certain individual legal entities or holding companies within the group no longer being required, as currently constituted, leading to their liquidation. Accordingly, from the perspective of the company as a standalone legal entity, there is a material uncertainty until the plans of Stonepeak are known, that may cast significant doubt about the company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. CASTROL LUBRICANTS VIETNAM LIMITED 2026-06-01 → present
2. BP OIL VIETNAM LIMITED 1991-10-03 → 2026-06-01
3. NATIONAL OIL REFINERIES LIMITED 1956-06-08 → 1991-10-03

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Taken as a whole, the Castrol business is highly profitable and cash generative, however after change in ownership, Stonepeak may seek to reorganize its legal entity structure or transfer substantial components of the business to other existing legal entities within the new owners' control. Such an eventuality could result in certain individual legal entities or holding companies within the group no longer being required, as currently constituted, leading to their liquidation. Accordingly, from the perspective of the company as a standalone legal entity, there is a material uncertainty until the plans of Stonepeak are known, that may cast significant doubt about the company's ability to continue as a going concern.”

Group structure

1. CASTROL LUBRICANTS VIETNAM LIMITED · parent
   1. Castrol BP Petco Limited Liability Company 59% · Vietnam · Lubricants joint venture

Significant events

• “On 24 December 2025, bp announced an agreement with Stonepeak to divest 65% shareholding in Castrol business with bp retaining 35% minority interest in the business. The transaction is expected to be completed by the end of 2026, subject to regulatory approvals. The company is included within the scope of this divestment.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.