The refinery group Motor Oil Hellas on Wednesday reported 2024 profits after tax of 283 million euros, down 65% yoy, while EBITDA for the year stood at 967 million euros, a 30% decline.
Adjusted EBITDA for 2024 was recorded at 995 million euros, down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year.
In broad terms, 2024 was described as a year with significantly decreasing margins for refining of fuels, compared to 2023. Despite the aforementioned development and damages to Motor Oil’s main unit at the Aghii Theodori site, the group reached total revenues of 12.19 billion euros in 2024, only down 8.5%.
Motor Oil’s board, now chaired by Yannis Vardinogiannis, will reportedly propose to an upcoming general assembly of shareholders that a dividend of 1.40-euros per share be issued, or 155 million euros in absolute terms.
In terms of Q4 2025, Motor Oil reported an adjusted profit after tax of 44 million euros in, a decrease of 75% compared to the previous year’s quarter.
The ATHEX-listed company also reported fourth quarter revenue of 2.82 billion euros, down 16% yoy, with EBITDA in Q4 at 198 million euros, a 12% decline from the Q4 2023.
