MOL Group records 23% profit hike in Q1 2025

Business Forum
MOL Group has recorded a pre-tax profit of $546 million during Q1 2025, marking a 23% increase compared to the same period last year.

Notably, the Upstream segment benefited from sustained high production levels at an average of 93 mboepd and rising natural gas prices. In the Downstream sector, improved capacity utilization offset the decline in refinery margins. Consumer Services also contributed positively, driven by both fuel and non-fuel product sales. Additionally, Circular Economy Services delivered a positive EBITDA contribution, supported by one-off items.

However, the Gas Midstream segment experienced a decline in performance despite high transmission volumes, due to the less favorable macroeconomic environment.

MOL Group's Chairman-CEO, Zsolt Hernádi, commented on the results: “In a period marked by geopolitical tensions and economic transformation, we managed to deliver stable performance. The good news is that our positive results were primarily driven by improved internal performance across nearly all our business segments."

MOL Group operates three refineries and two petrochemicals plants under integrated supply chain-management in Hungary, Slovakia and Croatia. It owns a network of almost 2,400 service stations across 10 countries in Central & South Eastern Europe.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
BYD enters Romania, plans local expansion
Industry

BYD enters Romania, plans local expansion

Chinese EV maker BYD has officially launched in Romania and is introducing a range of 100% electric and plug-in hybrid models to the country's automotive market.

Industry

Metigla plans €15 million investment in Romania

Metigla, a producer of complete solutions for metal roofing and cladding, is preparing to invest €15 million in its local operations, adding to the €25 million invested over the past 25 years.

Industry

Liviu Drăgan, Druid AI CEO, dies at 70

Liviu Drăgan, the Founder and CEO of Druid AI, has died at age 70. He was an engineer, inventor, and business leader with over four decades of experience.

READ MORE
Business Forum  |  9 May, 2025 at 7:00 PM
Business Forum  |  9 May, 2025 at 1:04 PM