Fitch affirms Romgaz's BBB- rating amid profit dip

Business Forum

27 October, 2025 at 11:41 AM

Fitch Ratings Limited has decided to maintain the BBB- credit rating with a negative outlook (Investment Grade) for state-owned gas producer Romgaz.

This affirmation comes as the Romgaz Group reported a consolidated net profit of RON 1.67 billion (€338 million) for H1 2025, an 8.60% decline compared to the same period in 2024.

The profit reduction is largely attributed to higher operating costs, including increased expenses with taxes, duties, and gas transmission, which grew by over 22% in H1 2025.

Despite the dip in half-year results, the company displayed a strong turnaround in its Q2 performance, with net profit for Q2 2025 increasing by 23.04% compared to Q2 2024. The consolidated net profit margin for H1 2025 remained robust at 39.53%.

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