Romanian energy group OMV Petrom recorded a 7 percent year-on-year drop in sales revenues during the second quarter of 2025, contributing to a 1 percent decline in total revenues for the first half of the year, which reached 3.4 billion euros. Net profit fell more sharply, decreasing by 17 percent in Q2 and 21 percent over the six-month period to 414 million euros.
Following the release of the half-year financial results, OMV Petrom’s stock price increased by 0.64 percent, although it remains approximately 1 percent lower compared to the start of the year. From its 2024 profits, the company has already paid out 542 million euros in dividends, reflecting a yield of 5.7 percent based on the average stock price on the last eligible trading day. Management indicated that additional supplementary dividends might be considered in September.
CEO Christina Verchere framed the company’s performance within the context of a record investment program totaling 1.6 billion euros for 2025, underscoring confidence in Romania’s economic outlook. Progress on the flagship Neptun Deep offshore gas project remains on track and within budget, with approximately 46 percent of the development completed ahead of its 2027 target.
On the revenue side, OMV Petrom attributed the first-half performance to weaker prices and lower sales volumes of petroleum products, partly offset by stronger pricing and volumes in electricity and natural gas. Despite this, the overall net profit decline reflected underperformance across all business segments.
The clean CCS operating result decreased 22 percent year-on-year to 483 million euros in the first half of 2025, driven by reduced contributions across the company’s portfolio. The Gas and Electricity segment faced pressure partly due to legislative changes enacted in April 2024, which compressed electricity margins. The Refining and Marketing segment experienced lower output caused by reduced refinery utilization and narrower refining margins. Exploration and Production suffered from declining hydrocarbon sales volumes. Additionally, procurement costs rose slightly, primarily due to increased purchases of electricity and gas, although these were partially offset by lower acquisitions of petroleum products and imported crude oil.
