In 2025, the NIS Group faced significant operational hurdles yet managed to ensure a stable domestic petroleum supply while maintaining employee social stability. The company’s performance was notably impacted by US Treasury sanctions, which contributed to its challenging business environment. These external pressures influenced the overall financial results and operational efficiency of the organization.
Key factors affecting NIS included a decline in oil prices, with the average Brent crude price recorded at $69.1 per barrel, reflecting a 14% drop from the previous year. The company also dealt with high oil inventory costs and asset impairments in Bulgaria and Romania, alongside challenges from HIP-Petrohemija, which reported a substantial loss of €87.5 million for the year.
Despite these adversities, NIS Group achieved an EBITDA of €189.1 million and directed €239.4 million towards various development projects. These initiatives spanned exploration and production enhancements as well as the expansion of its retail network within Serbia. Notably, the company also initiated a program aimed at constructing solar power plants at its facilities, aligning with broader energy transition efforts.
The financial landscape included total taxes and public revenues amounting to €1.76 billion, along with a gross allocation of €39.1 million for dividends in 2024. Furthermore, NIS successfully reduced its bank indebtedness by 29% compared to 2024, concluding the year with liabilities totaling €396.3 million. Nevertheless, these positive strides were overshadowed by a net loss of €47.7 million reported for 2025.
Operationally, NIS produced approximately 1.124 million tons of oil and gas equivalent during the year, processed around 3.095 million tons of crude oil and intermediate products, and sold about 3.023 million tons of petroleum products. These figures underscore both the scale of operations and the ongoing challenges within an evolving energy market.
