HELLENiQ ENERGY Holdings S.A.: Q3 2025 Performance, Dividend Announcement and 2025 Guidance

Q3 2025 Financial Highlights

  • Adjusted EBITDA: €365 million, representing a doubling of comparable earnings compared with the same period in 2024.
  • Comparable Net Income: €186 million, driven by robust refining margins and high product sales volumes.
  • Record sales of petroleum products and improved operational efficiency across the refining and marketing segments.

These results place HELLENiQ Energy on a clear trajectory toward its 2025 objectives, reinforcing its position as a leading integrated energy provider in Greece, South‑Eastern Europe, and the East Mediterranean.

Dividend Announcement

The Board declared a temporary dividend of €0.20 per share for the 2025 fiscal year, amounting to a total distribution of €61.13 million. This reflects the company’s confidence in sustaining cash flow generation while supporting shareholder value.

2025 Guidance

  • Operating Profit Target: €1 billion for the full year, a milestone that aligns with the strategic plan outlined by CEO Andreas Siamis during the nine‑month results presentation to analysts.
  • EBITDA Projection: Above €1 billion for 2025, with the Q3 figure already indicating a strong upward trend.

These targets are underpinned by continued improvements in refining efficiency, a favourable commodity mix, and expanding distribution channels.

Market Context

  • Stock Performance: As of 11 November 2025, the share price stood at €8.02, comfortably within the 52‑week range of €6.62–€8.77.
  • Valuation: The price‑earnings ratio remains negative at –14.62, reflecting the current focus on reinvestment and growth rather than short‑term earnings.
  • Capitalisation: €2.46 billion, underscoring the company’s significant scale in the regional energy market.

Forward Outlook

With Q3 results exceeding expectations, the company is well positioned to achieve its 2025 operating profit target. The temporary dividend signals a healthy cash position, while the continued emphasis on refining margins and product sales suggests sustainable profitability. Stakeholders can anticipate further updates as the company progresses toward its strategic milestones.