MOL Group disclosed its financial results for 2025, showing profit before tax of $1.3 billion, representing an 11% decrease compared to 2024. The Hungarian energy company faced a challenging macroeconomic environment, but strong downstream and consumer services results supported overall profitability.
MOL Group has announced its financial results for Q3 2025, achieving a $503 million profit before tax, which remained flat year-on-year.
MOL Group reported a profit before tax of $236 million in the second quarter of 2025, marking a 56% year-on-year decrease. The company's performance was impacted by a slowing regional macroeconomic environment.
MOL Group continues to diversify its oil supply sources by importing 85,000 tonnes of CPC oil and signing a commercial agreement with KazMunayGas (KMG).
MOL Group has recorded a pre-tax profit of $546 million, marking a 23% increase compared to the same period last year.
MOL Group's profit before tax (PBT) down by 23% year on year almost entirely due to external environmental impacts,
The Agreement's key priority is the expansion of the existing exploration and production cooperation and the application of MOL technology in Kazakhstan.
MOL has also signed a Memorandum of Understanding with SOCAR to evaluate further potential cooperation opportunities in the area of hydrocarbon exploration in Azerbaijan.
Consumer Services' results increased predominantly thanks to higher fuel sales volumes and the improvement in non-fuel margin.
The organization will spearhead multiple initiatives aimed at diversifying MOL Group's energy portfolio.
MOL Group Profit before tax reached $382 million in the first quarter of 2024, 18% and 29% lower quarter-on-quarter and year-on-year.
MOL produces 1600 tonnes of green hydrogen per year using electricity from renewable sources.
Iulius Dan Plaveti has taken over as Chairman of the Board and CEO of Hidroelectrica starting 10 June 2026, with his mandate running until 7 November 2027.
Visual Fan has completed the energisation phase of its Full EPC BESS project in Teiuș, featuring a storage capacity of 120 MWh.
The TechAngels Board has appointed Ana Maria Andronic as President for a mandate lasting until next year's internal elections.
Romanian entrepreneur Iulian Stanciu has announced the sale of his stake in eMAG Group to Prosus, 17 years after taking over the company and 14 years after signing the partnership with Naspers (Prosus).
Romanian consumers are becoming increasingly pessimistic about the country's economic and political outlook while continuing to prioritise spending and aggressively seek value, according to the latest Consumer Sentiment Survey by Boston Consulting Group (BCG).