“We welcome the interest and support we received from investors during the IPO. It was an intense and challenging period, but the enthusiasm and confidence shown by investors showed us that we are on the right track. We will continue to expand our operations by maintaining a strong commitment to partners and investors. Their trust motivates us to invest in advanced technologies and sustainable solutions, which will strengthen our position in the energy sector", says Bogdan Aldea, Chairman of the Board of Directors and CEO of JT Grup Oil.
The money raised following the financing will remain in the company and will be allocated to the development and consolidation of business lines, from increasing the volumes of fuel traded on the local market to opening fuel stations in commercial centers, intended for individuals, as well as the completion and JT terminal operation.
Steluța Lebidov, CFO of JT Grup Oil, adds: "At this moment, we are waiting for the issuance of the share registration certificate, and we will soon submit the necessary documentation to the BVB to establish the first trading day of the shares on the AeRo market. We further assure the investors that JT Grup Oil has ambitious plans for the next period and we invite them on this path to join us and contribute to the development of our company. We will invest in the most modern technologies to ensure the sustainable development of the company, and listing on the stock market will strengthen our position as leaders in the field and increase the degree of trust of partners and investors, ensuring transparent communication with all parties involved."
With a turnover of RON 224.4 million and a net profit of RON 5.7 million recorded in fiscal year 2023, JT Grup Oil owns 250 B2B premises stations, equipped with modern monitoring and control technologies, which allow efficient management of stocks and operations, but also a fleet of 11 tankers, equipped with pumps and indicators to measure the quantity delivered.
In the coming years, thanks to its own terminal, JT Grup Oil will stand out in the market through the competitiveness of prices, the efficiency of loading, unloading and delivery times. The storage and distribution capacities will ensure the permanent rotation of stocks, without the accumulation of a large amount of fuels, reducing the financial risk. Thus, JT Terminal will allow the company to deliver daily 1 million liters of fuels, the amount that the company currently sells annually, at a cost of approximately $22/ton. The significant cost reduction, together with the expansion of storage and distribution capacities, will generate an increase in profitability and strengthen JT Grup Oil's position on the regional market.
The estimated date for the listing of JT Grup Oil on the AeRO market of the Bucharest Stock Exchange is the end of June, and the shares will be able to be traded under the symbol JTG.
JT Terminal, the newest and most modern private terminal for liquid petroleum products built in Romania in the last 50 years, which will operate specific products such as diesel, biodiesel and bitumen with the ultimate goal of distributing them on the domestic and foreign fuel market. It is a strategic project that will grow in the next 5-10 years and that will generate a multiplication of turnover, from RON 224 million to approximately RON 3 billion.
The project will have 8 tanks with a total storage capacity of 31,500 tons and will handle barges with a capacity of 3,000 to 9,000 tons, 16 wagons at the same time on two parallel railway lines, and 20 tanks at a time in loading and unloading area. Thanks to the facilities available at the terminal, JT Grup Oil S.A. has excellent prospects for business development through strategic partnerships with the most important companies in the industry at European level, which have already expressed their intentions in this direction.
Currently, JT Grup Oil S.A. carries out fuel distribution operations in the South-East of Romania with the help of its own fleet of 11 tanks with a capacity of up to 40,000 liters, equipped with pumps and indicators for measuring the delivered quantity. For fuel distribution in the northern part of the country, the company has partnerships with representatives of the business environment, long-term collaborators.
In the last ten years, the company's profit was RON 51 million, reflecting a solid and sustainable financial performance. Founded in 2001, JT Grup Oil S.A. is one of the most important companies active in the fuel distribution market and the developer of the first private terminal for petroleum products in Romania in the port of Constanța. In 2004-2005, he built a bitumen terminal in Medgidia, which he sold shortly after the reception, and the money obtained from the sale was invested in the development of the fuel distribution network. In 2008, the company began to develop the distribution network and introduced to the market more than 250 tanks equipped with pumps and level indicators. From 2023, JT Grup Oil S.A. diversified its product range, and entered the duty-free diesel segment, which serves commercial vessels for the ports of Midia and Constanța.
