Positive results and improved operational performance were recorded in all activities by HelleniQ Energy (formerly Hellenic Petroleum - ELPE) in the 9-month period of 2023, with comparable EBITDA standing at €400 million for the third quarter of 2023 and €968 million for the total nine-month period.

Comparable Net Profits amounted to €218 million for the third quarter and €496 million for the nine-month period.

The results in the third quarter were mainly shaped by strong international refining margins and export performance, increased unit availability, and very good operational performance in all Group activities.

Specifically, the production of petroleum products increased by 5% to 3.65 million tons and sales reached 3.84 million tons, with exports accounting for 46% of total sales volume. Increased contributions were made by Domestic Trade, as well as Renewable Energy Sources (RES), due to the increased installed capacity.

Published Net Profits amounted to €300 million in the third quarter of 2023 (2022: €252 million) and €462 million for the nine-month period of 2023 (2022: €1.121 billion). The decrease in published results for the nine-month period is attributed to the impact of prices on the valuation of crude oil and petroleum products inventories.

Based on the nine-month results and the outlook for the entire year 2023, the Board of Directors of HELLENiQ ENERGY Holdings decided to distribute an interim dividend of €0.30 per share.