Greece · Delayed Price · Currency is EUR Motor Oil (Hellas) Corinth Refineries Earnings Call Transcripts
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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Strong Q3 and nine-month results were driven by the return to full refinery capacity, robust refining margins, and improved segment performance. Outlook remains positive with Q4 refining expected to surpass Q3, ongoing investments in renewables, and a fully funded growth strategy.
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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.