HELLENiQ ENERGY Holdings Third Quarter / Nine-Month 2026 Results

Rhea-AI Summary

HELLENiQ ENERGY Holdings (HLPMF) reported third-quarter 2026 adjusted EBITDA of €1,162m, supported by higher refining margins and export earnings. Adjusted EBITDA, a measure of operating earnings excluding specified adjustments, rose from €365m a year earlier; adjusted net income reached €808m, versus €186m. Sales increased 54% to €5,113m.

Nine-month adjusted EBITDA reached €1,896m and adjusted net income €1,201m. Free cash flow of €1bn reduced net debt by €0.6bn from year-end 2025 to €1.5bn. The interim dividend doubled to €0.40 per share, with payment beginning January 25, 2027. Nine-month investments totaled €565m, approximately half for growth projects. Operating renewable capacity reached 615 MW at September-end, with another 160 MW added in October. The group agreed to acquire Staroil’s Cyprus fuel-station network. Third-quarter refining sales volumes fell 2%, while scheduled gas-plant maintenance weighed on power earnings.

16 points · 2 major

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major point3Q26 adjusted EBITDA of €1,162m increased from €365m in 3Q25.
• Major point3Q26 adjusted net income of €808m increased from €186m in 3Q25.
• Moderate point3Q26 sales of €5,113m increased 54% year over year.
• Moderate point€1bn of 9M26 free cash flow reduced net debt by €0.6bn from year-end 2025 to €1.5bn.
• Moderate point. Forward-looking: it has not happened yet and may not happen.€0.40-per-share interim dividend doubled from €0.20, with payment beginning January 25, 2027.
• Moderate point€565m invested in 9M26, approximately half in growth projects, primarily renewables in Southeastern Europe.
• Moderate pointMarketing sales volumes increased 4% year over year to 2,020 thousand metric tons in 3Q26.
• Moderate pointPower production increased 6% year over year to 883 GWh in 3Q26.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Staroil fuel-station network acquisition agreed, expanding EKO Cyprus’ existing network.
• Moderate pointOperating renewable capacity reached 615 MW at September-end, with an additional 160 MW in October.
• Moderate point. Forward-looking: it has not happened yet and may not happen.0.3 GW under construction and 0.4 GW in advanced development support targets of 1.1 GW by 2027 and 1.5 GW by 2028.

5 minor points

• Minor point9M26 adjusted EBITDA reached €1,896m, with adjusted net income of €1,201m.
• Minor pointRefining, Supply and Trading adjusted EBITDA reached €1,051m in 3Q26.
• Minor pointRealized refining margin reached approximately $49/bbl, a historically high level.
• Minor pointPetrochemicals adjusted EBITDA increased to €13m in 3Q26 from €3m in 3Q25.
• Minor pointMarketing adjusted EBITDA of €69m was broadly unchanged year over year, supported by market-share gains and aviation fuels.

Negative

• Moderate pointRefining sales volumes fell 2% year over year to 4,176 thousand metric tons in 3Q26.
• Moderate pointScheduled gas-plant maintenance and market conditions weighed on 3Q26 Renewables, Power and Gas earnings, partly offset by renewables.

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Third Quarter / Nine-Month 2026 Results

Adjusted EBITDA of €1,162m in 3Q, driven by record-high benchmark refining margins, flexible refinery operations and strong exports contribution - Interim dividend of €0.40 per share - Continued support for consumers and society through fuel discounts and targeted initiatives

Key results highlights

• Adjusted EBITDA of €1,162m and Adjusted Net Income of €808m in 3Q26, primarily driven by high benchmark refining margins, crude sourcing flexibility and strong exports
   
• Domestic market demand slightly lower, with government subsidies and refinery special discounts mitigating the impact of higher prices
   
• Interim dividend of €0.40 per share, payable in January 2027
   
• Reinvestment of strong profitability, with ~€600m invested in 9M26, primarily in Renewables and refinery safety, environmental and operational upgrades.
   
• Significant balance sheet improvement, with Net Debt reduced to €1.5bn
   
• Extensive social contribution program, with close to €100m committed to consumer and community support, including assistance to fire-affected areas, medical equipment for public hospitals and special price discounts in the domestic market.

ATHENS, Greece, Nov. 12, 2026 (GLOBE NEWSWIRE) --

CEO Statement

HELLENiQ ENERGY Holdings (“HELLENiQ ENERGY”) CEO, Andreas Shiamishis, commented:

“A quarter full of upsets on geopolitics, energy markets and difficult physical fuels market supply in our region, with product shortages becoming more profound. The biggest achievement was the uninterrupted availability and high production runs of our refineries with flexibility to take in alternative crude grades and maximize the production of middle distillates, particularly in diesel and jet fuel, amid significant supply shortages. We increased exports to neighboring countries where additional supply was needed, while fully covering demand in Greece, contributing to security of supply across the region.

At the same time, we shared part of the value created with our customers and society, through targeted discounts, promotional initiatives and enhanced social support programs. More than €50m was allocated to auto fuel discounts in Greece, while support was extended to heating oil as part of a broader initiative expected to exceed €100m across Greece and our international markets. Combined with government measures, these actions helped support consumers and the market. We also strengthened our social contribution through €30m of targeted initiatives, including support for wildfire-affected communities and donations to public hospitals and universities.

While delivering attractive returns to our shareholders remains a key priority, we consider disciplined reinvestment in growth, aligned with our strategy, equally important to building an even stronger Group for the future. Our strong 9M performance has enabled the Board to double the interim dividend from €0.20 to €0.40 per share, setting the stage for an enhanced full-year dividend announcement in February 2027.

At the same time, strong profitability has allowed us to accelerate investments in Renewables and further strengthen our refineries, as well as our supply and trading capabilities, supporting the Group’s future growth. A strong, well-invested domestic refining system also contributes to energy security and supports more competitive local fuel prices, with an estimated benefit of €0.15-0.20/litre compared with imports.

As we approach year-end, we have developed a new strategic plan that builds on the success of Vision 2025 and sets our direction for the next decade. Our ambition is to build an even stronger and greener Group, with an expanded regional role and presence, while continuing to create value for the Greek economy and society.”

Consumer support through fuel discounts - Significant social contribution

HELLENiQ ENERGY continued to provide tangible support to consumers in Greece and Southeastern Europe. In the domestic market, during 3Q26, the Group provided approximately €50m in extraordinary auto fuels discounts, covering approximately 860m litres. The discounts represented price reductions of €0.10/litre for gasoline and €0.05/litre for diesel, including VAT.

From 15 October, the initiative was extended to include a €0.20/litre discount on heating oil, while the €0.05/litre discount on diesel continued. The initiatives in Greece are in addition to any government subsidies, directly helping to ease consumers’ energy costs.

Consumer support initiatives in the Republic of North Macedonia and Cyprus, which amounted to approximately €7m in total in 1H26, continued in 4Q, covering auto fuels and heating oil.

In parallel, during 3Q26, the Group implemented extensive social contribution initiatives amounting to approximately €30m, focusing on the restoration of fire-affected areas, support for hospitals, and initiatives for younger generations and education. In Cyprus, EKO announced a three-year program of more than €3m to support local communities, expected to benefit over 7,000 individuals.

Operational and financial performance

HELLENiQ ENERGY announced its consolidated financial results for 3Q26 against a backdrop of constrained feedstock supply and broader fuel shortages. Under these conditions, the Group maintained high production and operational availability, ensured security of supply across its markets and captured export opportunities.

Adjusted EBITDA amounted to €1,162m in 3Q26 vs €365m in 3Q25, while Adjusted Net Income reached €808m, vs €186m. Improved profitability was mainly driven by higher benchmark refining margins, crude supply optimisation and increased export netbacks, while the strong performance of Petrochemicals, Marketing and Power also contributed positively. In 9M26, Adjusted EBITDA amounted to €1,896m and Adjusted Net Income to €1,201m.

Total investments amounted to €158m in 3Q26 and €565m in 9M26, with approximately half directed to growth projects, primarily RES projects in Southeastern Europe.

Strong 9M26 free cash flow of €1bn reduced Net Debt by €0.6bn from year-end 2025 to €1.5bn, while also enabling the payment of the 2025 final dividend to shareholders. Net Debt includes approximately €0.4bn of project finance related to RES investments. Gearing stood at 26%, while leverage (Net Debt to Adjusted EBITDA) was 0.7x.

Downstream

In Refining, Supply and Trading, Adjusted EBITDA amounted to €1,051m in 3Q26, reflecting high benchmark refining margins, crude supply optimisation, high operational availability and strong export netbacks. Production reached 4.1m MT, while sales stood at 4.2m MT, with exports accounting for 46% of total volumes. Diesel and jet fuel exports amounted to 0.9m MT, helping to address shortages in European markets. The realized refining margin reached a historically high level of approximately $49/bbl.

In Petrochemicals, benchmark polypropylene margins improved in 3Q26 vs 3Q25, despite lower q-o-q, partly supported by constrained exports from the Persian Gulf. As a result, Adjusted EBITDA increased to €13m, compared with €3m in 3Q25.

In Marketing, Adjusted EBITDA amounted to €69m in 3Q26, broadly unchanged y-o-y. Performance was supported by market share gains and a stronger contribution from aviation fuels in Domestic Marketing, offsetting the impact of higher prices and increased supply chain costs. International Marketing delivered improved performance, benefiting from network expansion, the operation of the Thessaloniki-Skopje products pipeline and opportunities arising from regional supply disruptions. As part of the further strengthening of our regional presence, we recently agreed to acquire the Staroil fuels station network in Cyprus, complementing and expanding EKO Cyprus’ existing network.

Power

In Renewables, Power and Gas, Adjusted EBITDA amounted to €29m in 3Q26. The increased contribution from RES, following the addition of 120 MW since the beginning of 2026, partly offset the impact of scheduled maintenance at the natural gas-fired power plants and market conditions.

Operating RES capacity increased to 615 MW at end-September and was further enhanced by an additional 160 MW in October, including the 100 MW / 200 MWh battery energy storage project in Thessaloniki. In addition, 0.3 GW is under construction, and 0.4 GW is at an advanced stage of development, supporting the targets of 1.1 GW by 2027 and 1.5 GW by 2028.

Market environment

During 3Q26, global energy markets were significantly affected by geopolitical developments in the Middle East, as well as disruptions to crude oil flows and petroleum product exports. Transportation difficulties through the Strait of Hormuz constrained crude oil availability, with an even greater impact on the supply of products from the Middle East and Russia, particularly diesel and aviation fuels.

Brent crude oil prices averaged $97/bbl in 3Q26, up 40% y-o-y, peaking at $129/bbl in September. Benchmark refining margins increased significantly due to constrained product supply, particularly in middle distillates, lower inventories and restrictions on refining capacity in the Middle East and Russia. The Group’s refinery system benchmark margin averaged $30.1/bbl, compared with $8.5/bbl in 3Q25.

Domestic auto fuel demand remained resilient in 3Q26 despite higher prices, supported by tourism activity. Aviation fuel sales increased by 3%, while total domestic market sales declined by 2%.

In European natural gas markets, lower storage levels, concerns over LNG supply security and disruptions to LNG exports from the Middle East contributed to elevated market risk and volatility. As a result, prices increased significantly, with TTF averaging €64/MWh in 3Q26, the highest quarterly level since 4Q22.

In the power market, higher natural gas and CO₂ prices, combined with increased summer demand, exerted upward pressure on European electricity prices. High temperatures supported demand, while limiting the availability of nuclear and hydroelectric generation in certain European markets.

In Greece, high RES penetration remained a key feature of the energy mix, while increasing the need for flexibility, storage and the management of renewable generation curtailments. Total electricity generation in 3Q26 increased by approximately 7% y-o-y to 16.7 TWh. RES, excluding large hydro, accounted for 54% of generation, while natural gas represented 34%. Greece remained a net electricity exporter during the period.

The average wholesale electricity price in Greece stood at €132/MWh in 3Q26, up 49% y-o-y, as the impact of higher natural gas and CO₂ prices was partly offset by increased RES penetration.

HELLENiQ ENERGY Holdings

Key consolidated financial results for 3Q / 9M 2026 (in accordance with International Financial Reporting Standards)

Group key financials (€m)	3Q25	3Q26	% YoY
Sales volume - Refining (000s MT)	4,281	4,176	-2%	11,345	11,040	-3%
Sales volume - Marketing (000s MT)	1,935	2,020	4%	4,824	5,068	5%
Power production (GWh)	834	883	6%	1,195	2,627	-
Sales	3,312	5,113	54%	8,478	12,120	43%
Adjusted EBITDA 1	365	1,162	-	766	1,896	-
Adjusted Net Income 1	186	808	-	313	1,201	-
Capital Employed				5,197	5,733	10%
Net Debt				2,457	1,506	-39%
Gearing (Net Debt / Capital Employed)				47%	26%	-21 p.p. 2
Total Investments	300	158	-47%	523	565	8%

¹  Adjusted for the impact of the valuation of inventories, non-operational/extraordinary items, as well as the accounting treatment of the CO₂ allowance deficit.
² p.p.: percentage points.

Information pertaining to quarterly financial results is available at the following address:

HELLENiQ ENERGY Quarterly Results

Financial Calendar
Monday, 18 January 2027	Ex-dividend date for the 2026 interim dividend
Tuesday, 19 January 2027	Record date for the 2026 interim dividend
Monday, 25 January 2027	Commencement of payment of the 2026 interim dividend
Thursday, 25 February 2027	FY2026 results announcement
Thursday, 25 February 2027	FY2026 results conference call

Information pertaining to the financial calendar is available at the following address:

HELLENiQ ENERGY Financial Calendar

More information

Investor Relations
HELLENiQ ENERGY Holdings
Himaras 8A, 151 25 Maroussi, Athens
Tel.: 210-6302526, 210-6302305
Email: ir@helleniq.gr
Website: www.helleniqenergy.com

About HELLENiQ ENERGY

HELLENiQ ENERGY is one of the leading integrated energy groups in Southeastern Europe. It was established as HELLENIC PETROLEUM in 1998, with a history that started with the first refinery in Greece in 1958 and has evolved into the largest company in Greece and one of the largest in Southeastern Europe, based on annual turnover. With a steady commitment to implementing an ambitious transformation strategy, it has evolved into a regional energy leader, with a presence in 8 countries, growing international activities and a diversified portfolio across the full energy value chain.

HELLENiQ ENERGY is active in the production, supply and trading of energy and energy products, with increasing emphasis on clean energy and renewable sources. Its portfolio includes refining, supply and trading of oil products and petrochemicals, exploration and production of hydrocarbons, as well as fuels marketing, while it is also developing dynamically in Renewables.

Following the acquisition of 100% of Elpedison, which now operates as Enerwave, the Group is developing an integrated power and gas generation and supply platform, strengthening its role in a just, affordable and secure energy transition.

HELLENiQ ENERGY is headquartered in Athens and is listed on Euronext Athens (ELPE), while it also has a secondary listing on the London Stock Exchange through Global Depositary Receipts (GDRs).

Forward-looking statements

HELLENiQ ENERGY does not generally publish forecasts regarding its future financial results. The financial forecasts included in this document are based on a number of assumptions, which depend on the occurrence of events that can neither reasonably be predicted by HELLENiQ ENERGY nor are under its control. Such forecasts constitute management estimates and should be treated exclusively as estimates. There can be no assurance that HELLENiQ ENERGY’s actual financial results will be consistent with the forecasts.

In particular, actual results may differ (even materially) from forecasts due, among other things, to changes in economic conditions in Greece, fluctuations in crude oil and oil product prices in general, fluctuations in exchange rates, international petrochemical product prices, changes in supply and demand, as well as changes in weather conditions. It should therefore be emphasised that HELLENiQ ENERGY does not provide, nor could it reasonably be deemed to provide, any representation or warranty as to the accuracy or reliability of such forecasts.

This document may include certain financial information and key performance indicators (KPIs), the main purpose of which is to provide a business perspective on the Group’s activities and, as such, may not be presented in accordance with International Financial Reporting Standards (IFRS).

Group Consolidated Statement of Financial Position

		As at
	Note	30 September 2026	31 December 2025
Αssets
Non-current assets
Property, plant and equipment		4,555,561	4,155,354
Right-of-use assets		305,140	281,253
Intangible assets		537,294	524,203
Investments in associates and joint ventures		41,532	38,156
Deferred income tax assets		117,790	107,755
Investment in equity instruments		917	925
Derivative financial instruments		32,246	32,564
Loans, advances and long-term assets		41,542	62,274
		5,632,022	5,202,484
Current assets
Inventories		2,100,639	1,306,759
Trade and other receivables		1,515,702	1,144,370
Income tax receivable		83,328	45,650
Derivative financial instruments		14,997	9,216
Cash and cash equivalents		1,104,039	858,251
		4,818,705	3,364,246
Total assets		10,450,727	8,566,730
Equity
Share capital and share premium		1,020,081	1,020,081
Treasury shares		(5,538)	-
Reserves		359,554	361,352
Retained Earnings		2,792,542	1,290,459
Equity attributable to the owners of the parent		4,166,639	2,671,892
Non-controlling interests		61,142	56,016
Total equity		4,227,781	2,727,908
Liabilities
Non- current liabilities
Interest bearing loans and borrowings	2	2,100,226	2,777,046
Lease liabilities		262,439	234,110
Deferred income tax liabilities		181,222	180,386
Retirement benefit obligations		161,990	157,834
Derivative financial instruments		1,390	842
Provisions		33,562	32,336
Other non-current liabilities		78,348	65,356
		2,819,177	3,447,910
Current liabilities
Trade and other payables		2,343,253	1,978,079
Derivative financial instruments		28,892	8,190
Income tax payable		482,629	81,234
Interest bearing loans and borrowings	2	510,417	221,101
Lease liabilities		37,307	40,580
Dividends payable		1,271	61,728
		3,403,769	2,390,912
Total liabilities		6,222,946	5,838,822
Total equity and liabilities		10,450,727	8,566,730

Group Consolidated Statement of Comprehensive Income

		For the period ended		For the three-month period ended
	Note	30 September 2026	30 September 2025	30 September 2026	30 September 2025
Revenue from contracts with customers	1	12,119,726	8,478,162	5,113,090	3,312,450
Cost of sales		(9,311,929)	(7,675,829)	(3,836,440)	(2,904,498)
Gross profit / (loss)		2,807,797	802,333	1,276,650	407,952
Selling and distribution expenses		(377,479)	(329,579)	(126,839)	(121,883)
Administrative expenses		(207,315)	(181,815)	(73,432)	(66,726)
Exploration and development expenses		(6,072)	(1,414)	(1,750)	(191)
Other operating income and other gains		52,513	37,263	9,203	8,893
Other operating expense and other losses		(57,758)	(32,974)	(47,244)	(7,629)
Operating profit / (loss)		2,211,686	293,814	1,036,588	220,416
Finance income		11,631	13,385	4,452	6,324
Finance expense		(94,514)	(96,307)	(31,264)	(33,908)
Lease finance cost		(8,256)	(7,829)	(2,841)	(2,824)
Currency exchange gains / (losses)		(10,033)	(9,577)	(19)	(466)
Share of profit / (loss) of investments in associates and joint ventures		5,363	(8,471)	2,592	3,715
Profit / (loss) before income tax		2,115,877	185,015	1,009,508	193,257
Income tax (expense) / credit		(475,560)	(52,386)	(228,872)	(42,016)
Profit / (loss) for the period		1,640,317	132,629	780,636	151,241
Profit / (loss) attributable to:
Owners of the parent		1,631,765	129,323	777,307	148,747
Non-controlling interests		8,552	3,306	3,329	2,494
		1,640,317	132,629	780,636	151,241
Other comprehensive income / (loss):
Other comprehensive income / (loss) that will not be reclassified to profit or loss (net of tax):
Changes in the fair value of equity instruments		(9)	75	(13)	(3)
		(9)	75	(13)	(3)
Other comprehensive income / (loss) that may be reclassified subsequently to profit or loss (net of tax):
Fair value gains / (losses) on cash flow hedges		29,780	5,840	(13,251)	3,298
Amounts reclassified to profit or loss		(34,594)	10,041	7,065	-
Currency translation differences and other movements		(6,330)	(587)	(1,602)	(92)
		(11,144)	15,294	(7,788)	3,206
Other comprehensive income / (loss) for the period, net of tax		(11,153)	15,369	(7,801)	3,203
Total comprehensive income / (loss) for the period		1,629,164	147,998	772,835	154,444
Total comprehensive income / (loss) attributable to:
Owners of the parent		1,620,704	144,702	769,506	151,522
Non-controlling interests		8,460	3,296	3,329	2,922
		1,629,164	147,998	772,835	154,444
Εarnings / (losses) per share (expressed in Euro per share)		5.34	0.42	2.55	0.49

Group Consolidated Statement of Cash Flows

		For the period ended
	Note	30 September 2026	30 September 2025
Cash flows from operating activities
Cash generated from operations	3	1,648,774	542,621
Income tax (paid) / received		(103,764)	(252,947)
Net cash generated from/ (used in) operating activities		1,545,011	289,674
Cash flows from investing activities
Purchase of property, plant, equipment & intangible assets		(529,372)	(335,256)
Acquisition of subsidiaries		(35,876)	(188,340)
Proceeds from disposal of property, plant and equipment & intangible assets		31,623	3,830
Share capital increase of associates and joint ventures		-	(74)
Cash and cash equivalents of acquired subsidiaries		3,792	30,992
Grants received		11,061	-
Interest received		9,981	13,385
Dividends received		2,004	2,112
Proceeds from disposal of investments in debt instruments		10,912	-
Net cash generated from/ (used in) investing activities		(495,875)	(473,351)
Cash flows from financing activities
Interest paid on borrowings		(86,372)	(97,611)
Dividends paid to shareholders of the Company		(183,460)	(229,258)
Dividends paid to non-controlling interests		(3,334)	(2,833)
Acquisition of treasury shares		(5,538)	-
Proceeds from borrowings		1,066,089	924,726
Repayments of borrowings		(1,554,479)	(303,246)
Payment of lease liabilities - principal		(33,916)	(29,049)
Payment of lease liabilities - interest		(8,256)	(7,829)
Net cash generated from/ (used in) financing activities		(809,266)	254,900
Net increase/ (decrease) in cash and cash equivalents		239,870	71,223
Cash and cash equivalents at the beginning of the period		858,251	618,055
Exchange (losses) / gains on cash and cash equivalents		5,918	(9,576)
Net increase / (decrease) in cash and cash equivalents		239,870	71,223
Cash and cash equivalents at end of the period		1,104,039	679,702

Parent Company Statement of Financial Position

		As at
	Note	30 September 2026	31 December 2025
Assets
Non-current assets
Property, plant and equipment		504	977
Right-of-use assets		4,436	6,620
Intangible assets		9	13
Investments in subsidiaries, associates and joint ventures		2,133,594	2,110,996
Deferred income tax assets		7,697	8,968
Loans, advances and long term assets		189,495	167,174
		2,335,735	2,294,748
Current assets
Trade and other receivables		27,794	129,728
Income tax receivables		324	2,407
Cash and cash equivalents		8,926	6,483
		37,044	138,618
Total assets		2,372,779	2,433,365
Equity
Share capital and share premium		1,020,081	1,020,081
Treasury shares		(5,538)	-
Reserves		331,660	327,446
Retained Earnings		976,256	968,247
Total equity		2,322,459	2,315,774
Liabilities
Non-current liabilities
Lease liabilities		1,467	3,238
		1,467	3,238
Current liabilities
Trade and other payables		43,511	47,789
Income tax payable		958	1,279
Lease liabilities		3,113	3,557
Dividends payable		1,271	61,728
		48,853	114,353
Total liabilities		50,320	117,591
Total equity and liabilities		2,372,779	2,433,365

Parent Company Statement of Comprehensive Income

		For the period ended		For the three-month period ended
	Note	30 September 2026	30 September 2025	30 September 2026	30 September 2025
Revenue from contracts with customers		35,004	29,632	16,100	12,692
Cost of sales		(31,822)	(26,938)	(14,636)	(11,539)
Gross profit / (loss)		3,182	2,694	1,464	1,153
Administrative expenses		(5,366)	(5,328)	(2,201)	(1,546)
Other operating income and other gains		30,974	22,482	10,605	8,929
Other operating expense and other losses		(24,926)	(24,335)	(10,530)	(10,158)
Operating profit /(loss)		3,864	(4,487)	(662)	(1,622)
Finance income		4,742	11,153	1,758	2,981
Finance expense		(45)	(34)	(9)	(9)
Lease finance cost		(156)	(288)	(45)	(58)
Currency exchange gain / (loss)		(3)	18	(2)	3
Dividend income		124,006	199,693	-	18,329
Profit / (loss) before income tax		132,408	206,055	1,040	19,624
Income tax (expense) / credit		(2,144)	(954)	(2,212)	407
Profit / (loss) for the period		130,264	205,101	(1,172)	20,031
Total comprehensive income / (loss) for the period		130,264	205,101	(1,172)	20,031

Parent Company Statement of Cash Flows

		For the period ended
	Note	30 September 2026	30 September 2025
Cash flows from operating activities
Cash generated from / (used in) operations	3	21,638	63,158
Income tax (paid) / received		700	(694)
Net cash generated from / (used in) operating activities		22,338	62,464
Cash flows from investing activities
Purchase of property, plant and equipment & intangible assets		(3)	(77)
Participation in share capital increase of subsidiaries, associates and joint ventures		(27,921)	(13,969)
Acquisition of subsidiary		-	(188,340)
Loans and advances to Group Companies		(5,000)	82,360
Proceeds from disposal of property, plant and equipment & intangible assets		6,120	-
Interest received		5,921	10,536
Dividends received		192,898	282,569
Net cash generated from / (used in) investing activities		172,015	173,079
Cash flows from financing activities
Interest paid		(45)	-
Dividends paid to shareholders of the Company		(183,460)	(229,258)
Acquisition of treasury shares		(5,538)	-
Payment of lease liabilities - principal		(2,712)	(2,038)
Payment of lease liabilities - interest		(156)	(288)
Net cash generated from / (used in) financing activities		(191,911)	(231,584)
Net increase / (decrease) in cash and cash equivalents		2,443	3,958
Cash and cash equivalents at the beginning of the period		6,483	3,714
Net increase / (decrease) in cash and cash equivalents		2,443	3,958
Cash and cash equivalents at end of the period		8,926	7,672

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FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were HELLENiQ ENERGY’s third-quarter 2026 earnings?

HELLENiQ ENERGY reported adjusted EBITDA of €1,162m and adjusted net income of €808m for 3Q26, compared with €365m and €186m, respectively, in 3Q25. Higher benchmark refining margins, crude supply optimization and increased export earnings supported the improvement.

How much is HELLENiQ ENERGY’s 2026 interim dividend and when is it paid?

The interim dividend is €0.40 per share, with payment beginning January 25, 2027. The ex-dividend date is January 18, 2027, and the record date is January 19, 2027. The amount doubled from €0.20 per share.

What adjustments does HELLENiQ ENERGY make to its reported adjusted earnings?

HELLENiQ ENERGY’s adjusted EBITDA and adjusted net income exclude the effects of inventory valuation, non-operational or extraordinary items, and the accounting treatment of the CO₂ allowance deficit.