Consolidated sales revenue, totaling RON 17 billion (€3.42 billion), saw a slight 1% decrease compared to H1 2024. This was negatively impacted by lower prices and volumes of petroleum product sales, largely offset by higher prices and volumes of electricity and natural gas sales.
"Our clean CCS operating result excluding special items decreased by 22% year-on-year to RON 2.5 billion (€502.7 million), while our contribution to the state budget was at a high level, almost RON 8 billion (€1.6 billion). Furthermore, in June, we started paying the base dividends," said Christina Verchere, CEO of OMV Petrom, in a company statement.
Sales from the Refining and Marketing segment accounted for 67% of total consolidated sales, while the Gas and Power segment contributed 33%. Sales from the Exploration and Production segment represented only 0.2%, as these were largely intra-Group sales rather than to third parties.
The clean CCS operating result excluding special items decreased to RON 2.45 billion (€492.7 million) compared to RON 3.14 billion (€632.7 million) in H12024, due to lower contributions from all business segments.
The negative contribution from the Gas and Power segment also reflected legislative changes effective from 1 April 2024, which led to lower electricity margins. The reduced contribution from the Refining and Marketing segment was primarily caused by lower refinery utilisation and refining margins. Meanwhile, the lower contribution from the Exploration and Production segment was mainly driven by lower volumes of hydrocarbon sales.
The results also reflected a slight increase in purchases, largely driven by higher electricity and natural gas acquisitions, partially offset by lower purchases of petroleum products and imported crude oil, as stated in the report submitted to the BVB.
Investments totalled RON 3.31 billion (€666.4 million), representing a 37% increase compared to H1 2024 - RON 2.41 billion (€485.6 million), of which organic investments amounted to RON 3.26 billion (€656.5 million).
Investments in the Exploration and Production segment were RON 2.42 billion (€487.3 million), investments in Refining and Marketing were RON 740 million (€148.8 million), while investments in Gas and Power amounted to RON 120 million (€24.1 million).
