At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend payout of 0.68 euros per share. This includes a base dividend of HUF 165 per share from 2024 profits and an additional special dividend of 0.27 euros per share, bringing the total dividend fund to around 568 million euros.
MOL reported a net profit of 916 million euros in 2024. Chairman and CEO Zsolt Hernadi stated that the increase from the previous year’s 0.62 euros per share was justified, as the company does not expect major acquisitions in 2025 that would require significant capital reserves. Hernadi described the current economic environment as a “new normal” characterized by instability but highlighted MOL’s ability to adapt and innovate.
He also emphasized the importance of safeguarding Hungary’s economic independence and improving its global competitiveness. Hernadi pointed to external challenges, such as Germany’s economic slowdown, as well as domestic issues, as factors affecting competitiveness.
Additionally, Hernadi raised concerns about trade conflicts and the EU’s green transition policies, calling for more predictable regulations. He noted that MOL has paid roughly 3.5 billion dollars in windfall taxes over the past three years across its Central European operations.
