Helleniq Energy Holdings (OTC:HLPMF, HLPTY, HLPXF) reported strong 2Q26 and 1H26 results, with 2Q26 Adjusted EBITDA of €442m and Adjusted Net Income of €253m, driven by improved Refining, Petrochemicals, Marketing and Power performance and Enerwave consolidation. 1H26 Adjusted EBITDA reached €734m and Adjusted Net Income €393m.
The company maintained fuel supply across its markets via diversified crude sourcing, increased diesel and jet exports by 35%, and invested €226m in 2Q26 and €407m in 1H26, mainly in refinery upgrades and renewables. Net debt fell to €1.97bn, with gearing down to 36%. A €25m wildfire donation and temporary fuel discounts (cost expected above €20m) were also approved.
HELLENiQ ENERGY (OTC:HLPMF, HLPTY, HLPXF) reported strong 2Q26 and 1H26 results, with 2Q26 Adjusted EBITDA doubling year-on-year to €442m and Adjusted Net Income at €253m. For 1H26, Adjusted EBITDA reached €734m and Adjusted Net Income €393m, supported by improved Refining, Petrochemicals, Marketing and Power performance, as well as Enerwave consolidation.
The company maintained continuous fuel supply through diversified crude sourcing and flexible refinery operations, increasing diesel and jet fuel exports by 35% and directing 48% of total 2Q26 product sales (1.7m MT) to exports. Total investments were €226m in 2Q26 and €407m in 1H26, largely for refinery maintenance/upgrades and renewables. Net debt decreased to €1.97bn (36% gearing), about €0.7bn lower quarter-on-quarter, including €0.4bn of RES project finance.
Refining Adjusted EBITDA rose 95% to €318m, Petrochemicals Adjusted EBITDA increased to €24m from €11m, and Marketing delivered higher domestic EBITDA (€21m) and record international EBITDA (€38m). Renewables, Power and Gas Adjusted EBITDA doubled to €22m, with total RES and thermal capacity at 1.4 GW and 0.8 TWh electricity production. HELLENiQ ENERGY also signed an agreement with Chevron for 70% participation in offshore Block 10, advanced RES and storage projects, and approved a €25m donation plus temporary fuel discounts to support Greek consumers and wildfire-affected areas.
HELLENiQ ENERGY (OTC:HLPMF) reported 1Q26 Adjusted EBITDA of €293m and Adjusted Net Income of €140m, driven by stronger Refining and the fully consolidated Power business.
Refining margins improved, Power Adjusted EBITDA reached €38m, investments were €186m, and net debt stood at €2.7bn with credit headroom above €1bn.
HELLENiQ ENERGY (HLPMF) reported solid 1Q26 results despite the Middle East crisis. Adjusted EBITDA reached €293m and Adjusted Net Income €140m, mainly from stronger Refining and full Enerwave Power consolidation.
Reported Net Income was €284m vs €11m in 1Q25. Refining delivered €220m Adjusted EBITDA, Power €38m. Investments totaled €186m in refinery upgrades and RES projects, while net debt stood at €2.7bn and financing costs fell 8%.