Motor Oil Reports Record Profits and Dividend for 2025

Motor Oil Group has announced record financial results for 2025, with management proposing a significantly increased dividend of €1.75 per share for shareholders. The Greek energy company, led by Yannis Vardinogiannis, reported adjusted EBITDA of €1.2 billion, marking a 21% increase compared to the previous year and maintaining the group’s strong profitability above the €1 billion threshold.

According to the annual financial statements published by Motor Oil, the company will recommend the distribution of a total dividend of €193,870,215 at the upcoming Annual General Meeting scheduled for June 2026. This represents a substantial increase from the €1.40 per share dividend distributed in 2024, demonstrating the company’s commitment to maximizing shareholder returns.

Motor Oil EBITDA Performance Reflects Business Diversification

The Group’s earnings before interest, taxes, depreciation, and amortization reached €1.2 billion in 2025, reflecting the strength of its diversified operations across multiple business segments. The Motor Oil Group has built this performance on revenues generated from its extensive portfolio of activities, including refining, energy trading, and environmental services. An interim dividend of €38,774,043, or €0.35 per share, was already paid in January 2026.

However, the Group’s total turnover declined to €11.482 billion in 2025, down from €12.187 billion in 2024, representing a decrease of 5.79%. According to company statements, this revenue reduction resulted primarily from lower average prices of petroleum products in US dollars and the weakening of the dollar against the euro, which affected export-invoiced sales.

Revenue Composition and Export Focus

Additionally, the impact of reduced petroleum product pricing was partially offset by increased sales volumes across the Group’s operations. In 2025, Motor Oil generated service revenues from multiple sources, including NRG SUPPLY AND TRADING, the MORE sub-group, THALIS ENVIRONMENTAL SERVICES, and the ILECTOR sub-group.

Meanwhile, analysis of consolidated sales volumes confirmed the company’s strong export orientation, with international and maritime sales representing 72.64% of total volume in 2025. This compares to 76.28% in the previous year, while industrial activity contributed 79.71% versus 82.27% in 2024. The majority of the parent company’s sales involve exports invoiced in US dollars, making currency fluctuations a significant factor in revenue performance.

Record Investment Plans for 2026

In contrast to the revenue decline, Motor Oil Group has announced ambitious capital expenditure plans for the coming year. The company is forecasting new investments reaching a record level of €650 million in 2026, up from €580 million invested in 2025. These investments are expected to further strengthen the Group’s diversified business model and operational capabilities.

The increased investment budget demonstrates management’s confidence in long-term growth prospects despite short-term revenue pressures from commodity pricing and currency headwinds. The financial statements indicate that the company’s strategic focus on diversification has helped maintain strong EBITDA margins even as total revenues contracted.

The proposed dividend will be subject to shareholder approval at the Annual General Meeting in June 2026. If approved, the final dividend payment would follow the schedule established by the company’s dividend policy, with specific ex-dividend and record dates to be announced following the meeting.