Petrol (PETG) Q1 2025 earnings summary

Executive summary

• Achieved strong financial performance in Q1 2025, with EBITDA of EUR 67.0 million, up 29% year-over-year and in line with plan.

• Net profit reached EUR 31.0 million, a 107% increase compared to Q1 2024.

• Revenue from contracts with customers totaled EUR 1.53 billion, up 4% year-over-year.

• Growth driven by higher sales volumes in fuels, petroleum products, and natural gas, as well as improved margins due to regulatory changes.

• Continued strategic investments in energy transition, digitalization, and expansion of e-mobility and renewable energy projects.

Financial highlights

• Revenue: EUR 1,529.3 million (+4% year-over-year).

• EBITDA: EUR 67.0 million (+29% year-over-year).

• Operating profit: EUR 41.9 million (+57% year-over-year).

• Net profit: EUR 31.0 million (+107% year-over-year).

• Gross profit (with DFI): EUR 158.6 million (+6% year-over-year).

• Earnings per share: EUR 0.75 (+94% year-over-year).

• Net investments: EUR 14.0 million.

Outlook and guidance

• Economic growth in Slovenia expected at 2.1% and in Croatia at 3.1% for 2025.

• Inflation forecasted at 2.7% in Slovenia and 3.7% in Croatia for 2025.

• Continued focus on energy transition, digitalization, and expansion in renewable energy and e-mobility.

• Ongoing monitoring of geopolitical risks and regulatory changes impacting margins and investment requirements.