MOL Group Revises 2025 EBITDA Guidance Amid Strong Q3 Results
- MOL Group's Q3 2025 profit before tax was USD 503 mn, flat year-on-year.
- Upstream production averaged 92.3 mboepd in Q3, with an increase to 98.4 mboepd in October.
- Refining margins widened by nearly USD 6 per barrel, boosting downstream performance.
- Circular Economy Services faced negative results due to seasonal factors and lower revenues.
Financial Performance
MOL Group reported a profit before tax of USD 503 million for Q3 2025, maintaining a stable year-on-year performance. The company's EBITDA was bolstered by strong refining margins and growth in fuel retail.
Upstream and Downstream
Upstream operations delivered stable results with production averaging 92.3 mboepd, close to the lower end of the annual guidance. Production improved to 98.4 mboepd in October. Downstream performance was enhanced by refining margins widening by nearly USD 6 per barrel, despite seasonally low processed volumes due to scheduled maintenance.
Consumer and Circular Economy Services
Consumer Services continued on a growth path, driven by a strong driving season and favorable pricing in Croatia and Romania. However, Circular Economy Services faced negative results due to seasonal factors and decreased secondary raw material sales.
Operational Challenges and Outlook
Chairman-CEO Zsolt Hernádi highlighted challenges such as sanctions, a fire at the Danube Refinery, and issues with the Adria pipeline. Despite these, MOL Group remains committed to its transformation strategy, including a shift to a holding structure. The company has reviewed its 2025 EBITDA guidance in light of these challenges.
Source: MOL Group