Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May.
The dividend increase comes on the back of a strong financial year, with Petrol reporting record-breaking group-level net profits of €145.9 million. In its 2024 annual report, also approved by the Supervisory Board, the company highlighted a robust performance despite challenges such as regulatory pressure and geopolitical instability.
Petrol Group generated €6.1 billion in sales revenue in 2024, maintaining high volumes across its oil products, natural gas, and electricity segments. Gross profit rose by 8% year-on-year to €730.4 million, while operating profit surged 15% to €314.2 million. Net profit increased by 7%, reaching €145.9 million.
Earnings per share (EPS) attributed to the parent company came in at €3.40, with cash flow per share at €5.80. The company’s stock recorded a capital return of 35.2% over the year. When the 7.7% dividend yield is included, the total shareholder return reached an impressive 42.9%.
Petrol’s management stated that the proposed dividend reflects the company’s goal of delivering stable returns to shareholders while continuing to support long-term development and responsible business practices.
