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    HomeBusiness & InvestmentsEconomicsMOL Group reports profit before tax of 546 million USD, up 23...

    MOL Group reports profit before tax of 546 million USD, up 23 percent in Q1

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    Today, MOL Group announced its financial results for the first quarter of 2025. MOL Group delivered 546 million USD profit before tax in Q1 2025, an increase of 23 percent year-on-year. 

    Chairman-CEO Zsolt Hernádi commented on the results: “In a period marked by geopolitical tensions and economic transformation, we managed to deliver stable performance. The good news is that our positive results were primarily driven by improved internal performance across nearly all our business segments. This provides a solid foundation for overcoming future challenges, as I expect similarly turbulent and uncertain times ahead. To navigate these challenges, we follow the proven MOL formula: fiscal discipline, smart investments, diversification, an integrated operating model, and the consistent execution of our strategic goals. There are no zigzags—our focus remains firmly on efficiency and enhancing internal performance, without compromise, in order to strengthen our competitiveness. Our objective remains unchanged: to create value for our shareholders in the short term, and to build a future-proof MOL Group in the long term.”

    Upstream results improved quarter-on-quarter, supported by higher gas prices. Production averaged 93 mboepd, in the middle of the guidance range of 92-94 mboepd, slightly lower than in the previous quarter reflecting lower production in Central and Eastern Europe.

    Downstream segment’s result slightly improved year-on-year, despite lower refining margins and the overall challenging environment for the business. These negative factors were offset by higher processed volumes and increased own sales—partly due to the heavy turnarounds in the base period—as well as better capacity utilization. 

    Consumer Services delivered continued growth, driven by both fuel and non-fuel contributions, despite signs of a more challenging macroeconomic environment. Fuel sales strengthened on the Romanian and Croatian markets. Non-fuel margin growth dynamics moderated compared to last year, but the underlying trends remained positive. The Fresh Corner network continued to expand, reaching 1,341 units by the end of Q1 2025, marking a 1 percent increase quarter-on-quarter and 6 percent year-on-year. 

    Circular Economy Services delivered a positive EBITDA contribution in Q1 2025, driven mainly by one-off items. CAPEX efforts remained focused on scaling up the Deposit Return System (DRS), with more than 4800 locations, now operational and beverage packaging returns growing by 10 percent quarter-on-quarter, reaching approximately 6.5 million units per day.

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