Orlen published its consolidated annual report on Wednesday. Net profit for 2025 was PLN 2 billion 648 million and was lower by PLN 99 million compared to 2024.
In turn, revenues decreased by PLN 27 billion and amounted to PLN 267 billion 827 millioncompared to PLN 294 886 million a year earlier.
|
SELECTED FINANCIAL DATA |
in millions PLN |
|
| 2025 | 2024 | |
|---|---|---|
|
Sales revenues |
267,827.00 |
294,886.00 |
|
Operating profit plus depreciation and amortization (EBITDA) |
24,200.00 |
23,721.00 |
|
EBITDA before net impairment losses |
40,477.00 |
37,236.00 |
|
Operating profit (EBIT) |
9,957.00 |
9,707.00 |
|
Profit before tax |
9,013.00 |
9,303.00 |
|
Net profit before net impairment losses |
18,925.00 |
16,262.00 |
|
Net profit |
2,648.00 |
2,747.00 |
Orlen – results for 2025
According to Orlen's assessment, the main impact on the level of sales revenues was the decline in market prices of crude oil by 14%. year to year. As a result, this contributed to lower revenues in the segment Upstream & Supply and in segments Downstream and Consumers & Products.
President of Orlen: mistakes made in the past
Orlen's president, Ireneusz Fąfara, assessed in a letter to shareholders that the company's excellent operating results allow for optimism – PLN 41.5 billion EBITDA LIFO and over PLN 47 billion of cash flow from operating activities.
LIFO EBITDA is a key profitability indicator used by oil companies that shows operating earnings before interest, taxes and depreciation, adjusted for the impact of changes in oil prices on inventory values.
Fąfara noted that last year's results are still burdened by impairment losses resulting from past mistakes. “They cost us PLN 16 billion on balance sheet” – said the president of Orlen.
See also: Huge money to divide. Orlen is preparing payouts
Orlen – sales revenue by country
As we read in the report, 64% of sales revenues are generated. in Polandi. The remaining markets with the highest sales value are:
— German with revenues of PLN 24,014 million,
— Czech with revenues of PLN 17 billion 118 million,
— markets of the Baltic countries (Lithuania, Latvia, Estonia) with revenues of PLN 12 billion 214 million.
Revenues of PLN 4,246 million were achieved on the Austrian market. Other revenues in the amount of PLN 37 253 million are mainly sales made to customers from the Netherlands, Ukraine, Switzerland, Great Britain, Hungary, Slovakia and Ireland.
Orlen – Upstream and Supply segment
As we read in the report, the Orlen Group conducts mining activities natural gas and crude oil in Poland, Norway, as well as in Pakistan, Canada and Lithuania. In 2025, the total production volume was 74 million boe.
In 2025 revenues from the Upstream and Supply segment amounted to PLN 144 428 million — decreased by PLN 24,834 million. Operating profit according to LIFO amounted to PLN 16 275 million.
Orlen – Downstream segment
The Downstream segment includes two business lines: refining and petrochemicals. Revenues in this segment amounted to PLN 125,007 million and decreased by PLN 16,681 million. Operating profit according to LIFO amounted to PLN 9,616 million.
Orlen – Energy segment
The Orlen Group is the largest distributor of natural gas and one of the most important distributors of electricity in the country. It is also one of the key producers of electricity (12% market share) and heat in Poland.
Revenues in this segment amounted to PLN 47,392 million and decreased by PLN 1,822 billion. Operating profit according to LIFO amounted to PLN 12,567 million.
Orlen – Consumers and Products segment
The Orlen Group conducts retail activities in the field of fuel, energy and gas sales. Fuel retail has over 3,500 gas stations in seven countries.
Revenues in this segment decreased by PLN 10.2 billion, to PLN 91 993 million. Operating profit according to LIFO amounted to PLN 5,426 million.
