Greece · Delayed Price · Currency is EUR Motor Oil (Hellas) Corinth Refineries Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw record financial results, with revenue up 25% and EBITDA more than doubling year-over-year, driven by strong refining margins and operational flexibility amid geopolitical disruptions. Net debt fell sharply, and robust demand is expected to continue into Q2 and Q3.
Fiscal Year 2025
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EBITDA and net income rose sharply year-over-year, driven by a strong rebound in refining margins and restored capacity in H2. CapEx is set to increase in 2026, focusing on renewables and hydrogen, while the company rapidly adjusted crude sourcing amid geopolitical disruptions.
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Nine-month 2025 results showed resilient performance with adjusted EBITDA up 3% and net income up 11% year-over-year, driven by restored refining capacity and strong margins. Strategic investments in renewables and the circular economy are advancing, with Q4 refining performance expected to surpass Q3.
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EBITDA and net income improved sequentially, despite a 16% revenue drop year-on-year due to lower refinery capacity and prices. Insurance compensation and strong domestic demand supported results, with optimism for H2 as full CDU operation resumes and margins improve.