Business Forum • 14 August, 2025 at 10:01 AM
The state-owned gas producer Romgaz Group has reported a consolidated net profit of RON 1.67 billion (€338 million) for H1 2025 , which is 8.60% lower than the same period in 2024.
Despite this decline, the company saw a significant increase in its Q2 performance, with net profit rising by 23.04% compared to Q2 2024.
The dip in half-year profit was attributed to a 22.19% increase in total expenses, driven by higher costs related to taxes, duties, gas transmission, capacity booking, and negative exchange rate differences.
Romgaz also solidified its market leadership, increasing its gas deliveries by 10.5%. This led to a 47.2% market share, a 1.9% increase from the previous year , within a national gas consumption that grew by approximately 4%.
The Romgaz Group's total revenue for H1 2025 reached RON 4.24 billion (€855 million), a 9.01% increase. This was primarily fueled by a 9.38% rise in gas sales revenue, which reached RON 3.71 billion (€748 million). The growth in gas sales revenue was generated by a 12.3% increase in delivered gas quantities, which successfully offset a roughly 5% lower average sales price.
Gas production for the period was 2.48 billion cbm, a slight decrease of 0.05% compared to H1 2024. However, this was balanced by a substantial 53% increase in condensate production. The company's operational results were supported by the reactivation of 85 wells with high flow rates and ongoing rehabilitation projects.
Revenue from storage services also contributed to the group's performance, increasing by 8.44% to RON 275.55 million (€55.5 million). At the end of June 2025, the operational storage capacity was 93.76% booked, with a filling level of 54.62%.
Electricity production for H1 was 341.47 GWh, a 24.24% decrease from the same period in 2024.