- Clean CCS operating result of 1.5 bn lei (+16% YoY) and net income of 1.0 bn lei (-4% YoY).
- CAPEX 1.6 bn lei (+14% YoY), mainly allocated to low- and zero-carbon projects.
- Exploration & Production: clean operating result 660 mn lei, production down 3.1%, unit production cost USD 18.7/boe.
- Refining & Marketing and Gas & Power: indicator refining margin USD 14.3/bbl with 98% refinery utilization; Gas & Power clean result 339 mn lei, Brazi output 1.6 TWh (11% of Romania's generation), total gas sales 16.1 TWh.
Group financials
Clean CCS operating result totaled 1.5 bn lei (+16% YoY) while net income was 1.0 bn lei (-4% YoY); CAPEX reached 1.6 bn lei (+14% YoY), mainly for low‑ and zero‑carbon projects, and contributions to the state budget were 4.1 bn lei (+9% YoY).
Exploration and Production
Clean operating result was 660 mn lei (vs. 827 mn lei in Q1/25); total production fell 3.1% with gas up 1.7% due to workovers and new wells; unit production cost rose to USD 18.7/boe (+10%), driven by FX headwinds and lower oil volumes despite cost optimization.
Refining and Marketing
Clean CCS operating result improved to 506 mn lei (from 395 mn lei), supported by a stronger refining environment: indicator refining margin of USD 14.3/bbl (+74%) and refinery utilization at 98%; retail sales volumes increased by 4% while marketing margins were significantly lower.
Gas and Power
Clean operating result was 339 mn lei (vs. a loss of 86 mn lei in Q1/25); total gas sales rose to 16.1 TWh and Brazi power plant output increased 32% to 1.6 TWh, representing about 11% of Romania’s generation mix.
