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%.

Romanian potential rating downgrade to hit access to financial markets and borrowing costs, says opinion

Romanian authorities are making sustained efforts to avoid downgrading the country's rating to 'junk' (speculative investments) category, which would hinder access to financial markets and increase borrowing costs for both the state and companies.

Energy

Foraj Sonde Videle acquires UK energy holding for expansion

Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.

Finance

S&P confirms Romania's BBB- rating, keeps negative outlook

S&P Global Ratings has reconfirmed Romania's sovereign debt rating at BBB-/A-3 for long-term and short-term debt on 3 April 2026, while maintaining the negative outlook.

Finance

JCR upgrades Romania's rating outlook to stable

Japan Credit Rating Agency (JCR) announced on Friday the reconfirmation of Romania's country rating at BBB (foreign currency) and BBB+ (local currency) and improved the outlook from negative to stable.

Energy

Romgaz profit gains 4.4% in 2025

Romanian gas producer Romgaz recorded a consolidated net profit of RON 3.35 billion (€674.5 million) for the 2025 financial year.

Energy

Romgaz updates deadline for Iernut power plant completion

Romanian state-owned gas company Romgaz has signed an addendum extending the financing contract for its combined cycle power plant project in Iernut until June 2027.

Energy

Fitch affirms Nuclearelectrica's BBB- rating with negative outlook

Fitch Ratings has affirmed its Long-Term Issuer Default Rating of BBB- with a negative outlook for Romanian state-owned nuclear power company Nuclearelectrica.