Ljubljana, 16 May (STA) - Energy group Petrol's net profit doubled to EUR 31 million in the first quarter of 2025 as sales grew by 4% to EUR 1.5 billion. Earnings before interest, tax, depreciation, and amortisation (EBITDA) amounted to EUR 67.0 million, up 29% compared to the same period last year, the group said in a press release on Friday.
The group recorded growth in all key indicators. "The operations in the period were exposed to uncertainty associated with the too low sales margins on fuels and the rising geostrategic and environmental risks," Petrol said.
In the EBITDA structure the most important product groups were fuels and petroleum products, accounting for 46%, followed by energy and solutions with 28% and merchandise and services with 24%.
Petrol sold 912,200 tons of fuels and petroleum products at group level, a year-on-year increase of 7%. Sales volumes of fuels and petroleum products were higher in all key markets of the group. Sales of merchandise and services amounted to EUR 141 million, up 2% year-on-year.
Petrol sold 6.2 TWh of natural gas, 3 TWh of electricity and 60.8 thousand MWh of heat in the January-March period.
The Petrol group's gross profit with closed net commodity derivative financial instruments was up by 6% to EUR 158.6 million, mostly due to the regulation of the prices of certain petroleum products.
Operating costs amounted to EUR 131.8 million, an increase of 2%. A big part of the increase was due to the higher labour costs in Slovenia and on other markets due to wage indexation.
