North Macedonia-based fuel supplier OKTA posted net profit of €34.1 million for January-September 2026, up from €7.3 million in the same period of 2025. Profit was approximately 4.7 times higher year on year, while sales revenue rose 105% to €953 million.
Expenses increased 101% to approximately €891 million, alongside the sharp rise in turnover. Revenue growth alone does not indicate how much resulted from higher fuel volumes, price changes or a shift in the sales mix. Sustaining profitability will depend on managing market pressures as turnover expands.
Market position and refining assets
Owned by Greek energy group Hellenic Petroleum, OKTA is a major supplier of petroleum products in North Macedonia and has a significant regional commercial presence. Historical figures put its share of North Macedonia’s fuel needs at around 70% in 2023 and estimate its share of the Kosovo market at 36% in 2022. Neither figure is a current-year market-share estimate.
OKTA also owns the refinery site in Skopje, which has a stated installed capacity of 2.5 million tonnes. Its fuel-supply role connects the company with regional petroleum logistics, import pricing and wholesale distribution. Balkan oil-product markets are exposed to shifts in international product prices, freight and supply routes, as well as working-capital requirements.
