ORLEN SA stated Thursday its PLN 9.2 billion ($2.52 billion) in LIFO-based EBITDA for the second quarter, up from PLN 5 billion for a similar three-month interval final 12 months as larger pure gasoline and electrical energy gross sales volumes offset decrease refining and petrochemical margins. Internet revenue was PLN 1.8 billion.
Nevertheless, income fell from PLN 69.5 billion for 2Q 2024 to PLN 60.7 billion for 2Q 2025 “because of the decline in refining and petrochemical product quotations (Downstream), in addition to the absence of compensations and decrease gasoline costs (Shoppers and Merchandise)”, the Polish majority state-owned built-in power firm reported on its web site.
The Upstream and Provide section logged EBITDA of PLN 3.34 billion. For the corresponding quarter in 2024, ORLEN reported a lack of PLN 3.94 billion for the Upstream section resulting from regulatory measures aimed toward supporting customers.
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Hydrocarbon manufacturing in April-June 2025 averaged 182,000 barrels of oil equal a day (boed), down from 207,500 boed for 2Q 2024. Over 70 p.c of 2Q 2025 output was pure gasoline, largely from Norway and Poland, whereas crude and liquefied pure gasoline accounted for practically 30 p.c.
The Downstream section, or refining and petrochemicals, generated LIFO-based EBITDA of PLN 2.2 billion, “supported by robust crude throughput and favorable macroeconomic circumstances, regardless of the strain of decrease margins”, ORLEN stated. “On the similar time, the petrochemical market surroundings remained difficult”.
ORLEN refineries processed 9.8 million metric tons of oil, up 5 p.c from 2Q 2024. Refining margins fell 10 p.c to $11.3 per barrel, whereas petrochemical margins dropped 21 p.c to EUR 192 ($224) per metric ton.
The Vitality section – consisting of gasoline and electrical energy distribution and heating – contributed PLN 2.26 billion in EBITDA, up from PLN 1.97 billion for 2Q 2024 “due to its constantly carried out funding program”, ORLEN stated. “The improved end result was due largely to elevated gasoline and electrical energy distribution volumes and better warmth gross sales”.
ORLEN’s put in energy era capability grew to six.2 gWe, with renewables capability rising 0.6 gW in comparison with 2024. Energy manufacturing elevated 27 p.c year-on-year to three.8 tWh.
The Shoppers and Merchandise section – consisting of gasoline, energy and gas retailing – delivered PLN 2 billion in EBITDA, up PLN 363 million year-over-year.
“Consistent with the Group’s new technique, this section now consolidates the sale of power carriers – gasoline, electrical energy and fuels – to finish customers”, ORLEN stated. “It reported larger gross sales of gasoline and electrical energy, together with a rise of greater than 70 p.c within the e-mobility market”.
Working money circulation landed at PLN 10.5 billion for 2Q 2025, up from PLN 6 billion for 2Q 2024. Free money circulation was PLN 4 billion, in comparison with damaging PLN 1 billion for 2Q 2024. Capital expenditure was secure year-on-year at PLN 7.6 billion.
“On 1 September, we can pay the best dividend in ORLEN’s historical past”, stated chief monetary officer Magdalena Bartos.
To contact the creator, electronic mail jov.onsat@rigzone.com
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