Petrol (PETG) Q2 2025 earnings summary

Executive summary

• Achieved strong financial performance in H1 2025, with EBITDA up 13% year-over-year to EUR 145.4 million and net profit up 44% to EUR 75.2 million, despite ongoing regulatory and market challenges.

• Revenue reached EUR 3.0 billion, with growth in fuel, petroleum products, and merchandise sales, while electricity sales underperformed due to regulatory impacts.

• Continued strategic investments in energy transition, digitalisation, and infrastructure, with EUR 37.5 million invested in H1 2025.

• Regulatory changes, including extended fuel price caps in Slovenia and Croatia, impacted margins but were partially offset by higher sales volumes and improved cost efficiency.

Financial highlights

• Revenue from contracts with customers: EUR 2,987 million (+1% year-over-year).

• EBITDA: EUR 145.4 million (+13% year-over-year).

• Net profit: EUR 75.2 million (+44% year-over-year).

• Operating profit: EUR 96.1 million (+26% year-over-year).

• Earnings per share: EUR 1.83 (vs. EUR 1.20 in H1 2024).

• Net investments: EUR 37.5 million.

Outlook and guidance

• Cautious outlook for H2 2025 due to persistent regulatory pressures, geopolitical risks, and potential volatility in energy prices.

• Continued focus on energy transition, digitalisation, and operational efficiency to support long-term growth.