Orlen publishes results. The largest Polish company increased the profit by one and a half billion
The result is lower than the average market forecasts, which assumed that Orlen would generate about PLN 4 billion 600 million net profit. EBITDA, or operating profit, increased by depreciation, amounted to PLN 10 billion 167 million, which means the breakdown of forecasts by about 7 percent. This result improved by 32 percent. year to year, and quarterly fell by 11 percent. The market in the first reaction was quite positively assessed by the report for the first three months, the Orlen exchange rate grew a moment after the session was opened by 0.7 percent, to PLN 73.6 with a decrease in WIG20 at that time by about 0.3 percent.
After taking into account the tax burdens in the amount of PLN 2 billion PLN 294 million, the net result of the Orlen Group reached PLN 4 billion 324 million and was higher by PLN 1 billion 526 million year -on -year – the concern said in the stock exchange report for the first quarter of this year. It shows that in total, in the reported period, the investment outlays of the Orlen Group reached PLN 6 billion PLN 174 million.
In a press release, the concern pointed out that the EBITDA LIFO operational profit in the first quarter of this year increased by 40 percent, and net profit by over 50 percent. year on year – they amounted to PLN 11.6 billion and PLN 4.3 billion, respectively. For 80 percent Operational profit corresponded to areas of hydrocarbon extraction and distribution and energyin which strategic development projects are conducted – as noted in the information.
“Good financial results are measurable effects of organizing the situation in the group and implementation of the ambitious strategy 2035” – said the president of Orlen Ireneusz Fąfara, quoted in a press release. He emphasized that the Orlen Group focuses on strategic goals – “it is to ensure its own and imported gas necessary for the transformation of the Polish economy, decarbonization of production capacity, investments in the distribution network of energy and gas, or increasing renewable power.”
“The reflection of a good reception of the chosen development directions is the ORLEN share price, which has been noticing an increase of almost 50 percent since the beginning of the year and is the highest in the history of an integrated group,” said Fąfara.
Orlen, financial results (PLN million).
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In a press release, the concern pointed out that in the first quarter of this year. He invested PLN 6.2 billion “in strategic development projects supporting energy transformation” and at the same time reduced the quarter to the Netto Długal by over PLN 8 billion.
According to Orlen, an EBITDA profit of PLN 2.7 billion by PLN 2.7 billion in the level of PLN 5.3 billion was generated by its Upstream & Supply segment. The concern explained that it achieved this result as a result of higher gas wholesale ratings, with the lack of a copy to the Fund for Payment for the Price. The production of hydrocarbons at that time amounted to about 210 thousand. Boe/D (barrels of the equivalent per day – PAP), of which 73 percent It was gas, mainly from Norwegian and Polish deposits, and 27 percent – oil and LNG.
“A very strong position was confirmed by the Energy segment, which generated EBITDA profit of PLN 4.3 billion, higher by PLN 614 million year -on -year” – said the concern, referring to the results for the first quarter of this year. As he said, better results of distribution networks – energy and gas – PLN 541 million and heating PLN 145 million.
According to Orlen, currently nearly 65 percent electricity generated by the concern comes from low and zero -emission sources.
“The persistent difficult macroeconomic surroundings for petrochemistry, and at the same time the normalizing level of the refinery margin were of key importance for the result of the EBITDA LIFO achieved by the Downstream segment, which amounted to over PLN 1.2 billion” – noted the concern. He mentioned that in the first quarter of this year. The Orlen group refineries converted 9.2 million tons of crude oil “and it was a level similar to the one earlier a year earlier.”
Wi quarter of 2025 – As calculated by Orlen – the EBITDA of the Consumers & Products segment of the concern amounted to PLN 1.2 billion and was 963 million year -on -year. According to the new Strategy of the Orlen Group, this segment integrates the sale of energy carriers: gas, electricity and fuels to final recipients. “The result was developed, among others, thanks to strengthening operational excellence, as well as higher gas sales and maintaining fuel and non -fuel sales on a stable, comparable level to year,” explained.
Orlen, investments and cash flows (PLN million) and efficiency indicators (percent).
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He pointed out that its network already has over 3.5 thousand. stations and over 2.7 thousand non -fuel sales points. “As a result of consistently implemented investments, the concern also has almost 880 alternative refueling stations in six European markets” – emphasized in the information.
Magdalena Bartoś, vice president of Orlen for financial for financial, estimated that the first quarter of this year. He was very good for the concern in both operational and financial terms. “We have achieved EBITDA LIFO, 40 % higher. Higher flows from operating activities, which amounted to less than PLN 16 billion, are worth emphasizing,” she said. According to her, the results of the last quarter “is proof that the Orlen Group is doing great, despite the persistent high variability in the markets.”
The concern stated that the first quarter of this year generated PLN 15.7 billion in operating flows, and the net debt for EBITDA operating profit was one of the lowest of the companies among the entire sector. “It confirms the stable financial foundations of the Orlen Group and at the same time reflects high potential for the implementation of transformation investments,” it was emphasized in the information.
At the same time, Orlen pointed out that he maintained the highest rating ratings in history – A3 awarded by the Moody's Investors Service and “BBB+” agency awarded by the Fitch Ratings agency.
The ORLEN Group is a multi -energy group that has refineries in Poland, the Czech Republic and Lithuania, and a network of gas stations, including Germany, Slovakia, Hungary and Austria. It also develops oil and natural gas mining segment, petrochemical and energy segment, including renewable energy sources. Plans the development of nuclear energy based on small, modular SMR reactors.
