Romania · Delayed Price · Currency is RON SNGN Romgaz Earnings Call Transcripts
Fiscal Year 2025
-
Record net profit and revenues were achieved in 2025, driven by stable gas production, higher condensate output, and strong upstream performance. Major investments continued in Neptun Deep and Iernut Power Plant, while regulatory and cost pressures remain key risks.
-
Revenues and net profit reached record highs, driven by strong gas production and market share gains. Major investments advanced in Neptune Deep and decarbonization, while regulatory and project execution risks remain. Shares surged over 90% in 2025.
-
H1 2025 saw flat gas production, a 9% rise in total revenues, and a 9% drop in net profit due to higher taxes and regulated prices. Major investments continued in Neptun Deep and Iernut, with the latter facing contractor delays. Regulated sales are set to rise further in 2025.
-
Q1 2025 saw revenue growth of 4.7% and a 15% increase in gas volumes sold, but net profit fell 24% due to higher taxes. Major projects like Neptune Deep and Iernut progressed, with most gas volumes expected to be sold at regulated prices for the year.
Fiscal Year 2024
-
2024 net profit hit a record RON 3.22 billion (+14.5% YoY) despite a 12% revenue drop, driven by strong margins and lower regulated gas prices. CapEx surged to RON 3.17 billion, with major progress in Neptun Deep and a successful EUR 500 million bond issue.
-
Natural gas production rose 4.5% year-on-year, with net profit reaching a record RON 2.27 billion despite a 17% revenue decline due to lower prices. Major investments continue in Neptun Deep and power generation, while a cautious dividend policy is maintained.
-
Natural gas production rose 4.3% year-on-year, but revenues fell 20% due to lower prices. Net profit reached a record RON 1.84 billion, with strong margins and continued investment in Neptun Deep and Iernut projects.