The NIS Group reported a net loss of approximately €2.5 million for the first nine months of 2025, with earnings before interest, taxes, depreciation, and amortization (EBITDA) reaching around €180 million. The company attributed its performance to the implementation of cost-saving measures across all business segments and its ability to adapt to changing market conditions. It also highlighted efforts to maintain stability in Serbia’s oil products market and to ensure employee welfare during the challenging period.
NIS operated under particularly difficult circumstances between January and September 2025, primarily due to US Treasury Department sanctions that came fully into force on October 9. The company’s financial results were further affected by a 14 percent year-on-year decline in global oil prices and significant losses at its subsidiary HIP-Petrohemija, which recorded a deficit of about €63 million amid a downturn in the global petrochemical industry.
Public revenue obligations for the NIS Group totaled around €1.43 billion, while €39.2 million was distributed to shareholders as dividends for the 2024 financial year. In operational terms, total oil and gas production reached 837,700 tons of oil equivalent—a 2 percent decrease compared to the same period last year. Crude oil and semi-finished product processing volumes increased by 5 percent to 2.672 million tons, while total petroleum product sales declined by 10 percent to 2.421 million tons year-on-year.
Looking ahead, NIS announced plans to continue adapting its operations and strategic direction to the evolving circumstances. The company remains focused on achieving removal from the US Specially Designated Nationals (SDN) sanctions list or obtaining a new operating license that would allow for the resumption of unrestricted business activities in the near future.
