In the first quarter of 2026, the NIS Group faced significant operational hurdles due to licensing restrictions imposed by the US Department of the Treasury. These regulations affected the company’s performance, leading to a decline in oil refining and petroleum product sales compared to the same period in 2025. Nevertheless, NIS demonstrated resilience in its financial outcomes during this challenging landscape.
Despite these constraints, NIS reported an EBITDA of approximately 94 million euros for Q1 2026, with net profit soaring to around 24 million euros—an impressive year-on-year increase of 87%. This growth was largely attributed to favorable inventory costs and a rise in global oil prices, with the average Brent crude price reaching 80.6 dollars per barrel, reflecting a 7% increase from Q1 2025.
Investment activities during this period totaled about 54 million euros, primarily allocated to oil and gas exploration and production initiatives. The company generated an operating cash flow of roughly 143 million euros, while its tax liabilities and other public obligations amounted to approximately 376 million euros. This highlights NIS’s ongoing commitment to meeting financial responsibilities even amid investment endeavors.
Production metrics indicate that NIS achieved total oil and gas output of 280.3 thousand tons, alongside refining operations yielding 642.8 thousand tons of crude oil and semi-finished products. Additionally, petroleum product sales reached 592.2 thousand tons, complemented by electricity generation of 40.5 GWh. These figures suggest that operational stability was maintained despite external pressures.
Looking forward, the NIS Group has committed to ensuring a stable market supply while adhering to financial discipline and safeguarding employee welfare throughout the remainder of the year. This strategic focus underscores a cautious yet adaptable approach in navigating the complexities of the current energy market environment.
