Greece · Delayed Price · Currency is EUR HELLENiQ ENERGY Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Strong Q1 performance with clean EBITDA near EUR 300 million, robust refining margins, and successful crisis management. Enerwave consolidation boosted power segment, while refinery upgrades and new E&P ventures support future growth. Outlook for 2026 remains positive.
Fiscal Year 2025
-
Strong year with EUR 1.1 billion EBITDA, record marketing and refining results, and stable net debt. Power and renewables expanded, with new projects and pipeline reopening set to boost future EBITDA. Dividend increased 20% to EUR 0.60 per share.
-
Record refining and marketing performance, boosted by Enerwave consolidation, drove adjusted EBITDA to EUR 750 million for the nine months. Strong outlook continues, with robust demand, high refinery utilization, and strategic progress in renewables and trading.
-
Adjusted EBITDA for Q2 exceeded €220 million, with strong refining and marketing performance despite Elefsina downtime. Renewables and ELPEDISON consolidation are set to drive future growth, while new projects in SE Europe promise higher returns and diversification.
-
Strong core business performance and resilient margins were achieved despite lower benchmark margins and refinery shutdowns. Marketing and renewables segments delivered record or improved results, while the Elefsina turnaround and ELPEDISON consolidation are set to boost future performance.
Fiscal Year 2024
-
Clean EBITDA exceeded €1 billion for the third year, despite weaker refining margins and a €173 million solidarity contribution. Record production, strong renewables growth, and strategic asset transactions supported robust dividends and improved funding.
-
Q3 results were impacted by weak refining margins, but nine-month adjusted EBITDA reached EUR 750 million, supported by strong operational performance and growth in renewables. Interim dividend of EUR 0.20/share was approved, and outlook for Q4 is positive with higher margins and continued renewables expansion.
-
Strong Q2 and H1 results driven by high refining utilization, robust exports, and steady renewables growth. Adjusted EBITDA reached €230 million for Q2 and €560 million for H1, with net income more than doubling YoY. Refining margins expected to soften in Q3 but recover in Q4.