Mol Group: Annual General Meeting approves dividend of around €600 million

According to the company, Mol’s Annual General Meeting approved the Board of Directors’ report for the 2025 financial year and adopted the consolidated financial statements. In addition, shareholders approved a dividend of HUF 241 billion (approx. €602 million). JUDr. Oszkár Világi and Dr. György Bacsa were re-elected to the Board of Directors for another five years.

As reported by Mol, profit before tax in 2025 amounted to $1.3 billion (approx. €1.20 billion), 11 percent below the previous year’s figure. The company attributes this development to higher EBITDA, increased depreciation, and a positive financial result due to the appreciation of the Hungarian forint.

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The approved payout of HUF 241 billion (approx. €602 million) represents an increase of 9.1 percent compared to the previous year, according to Mol. A base dividend of around HUF 180 per share (approx. €0.45) and an additional special dividend of around HUF 120 per share (approx. €0.30) are planned, resulting in a total distribution of about HUF 300 per share (approx. €0.75).

The group’s Clean CCS EBITDA reached HUF 1,185.8 billion (approx. €2.96 billion) or $3.369 billion (approx. €3.10 billion) in 2025, according to the company. This corresponds to an increase of 6 percent in forint terms and exceeded the capital market guidance of around $3 billion (approx. €2.76 billion).

In the Upstream segment, EBITDA amounted to HUF 398.7 billion (approx. €1.00 billion) or $1.125 billion (approx. €1.04 billion), representing a 1 percent decline in forint terms compared to the previous year. MOL cites a 1 percent increase in production volumes, a 14 percent lower Brent price, and on average 2 percent higher TTF gas prices in euros over the year.

The Downstream division increased Clean CCS EBITDA by 10 percent to HUF 508.4 billion (approx. €1.27 billion) or $1.453 billion (approx. €1.34 billion). The development was supported by higher refinery margins in a volatile market environment. According to the company, petrochemicals and a fire in a distillation unit at the Danube refinery had a negative impact, with up to 50 percent of crude distillation capacity temporarily unavailable in the last two months of the year.

Consumer Services increased EBITDA by 20 percent to HUF 324.2 billion (approx. €0.81 billion) or $927 million (approx. €0.85 billion), driven by organic growth, particularly in the non-fuel business, as well as one-off effects.

Gas Midstream generated EBITDA of HUF 73.8 billion (approx. €0.18 billion) or $208 million (approx. €0.19 billion), which is 17 percent below the previous year’s level in forint terms. Mol cites a combination of robust demand in the transportation business, changes in regulated tariffs, and macroeconomic factors as reasons.

Circular Economy Services reported EBITDA of minus HUF 11.3 billion (approx. -€0.03 billion) or minus $34 million (approx. -€0.03 billion). According to the company, the ramp-up of the deposit return system was associated with additional operating expenses. However, the negative EBITDA was 44 percent lower than in 2024.

Mol is an integrated oil, gas, petrochemical, and retail group headquartered in Budapest. The company operates in more than 30 countries, employs around 25,000 people, and runs three refineries, two petrochemical plants, and a network of nearly 2,400 service stations across ten countries in Central and Southeastern Europe.

More information: www.mol.hu

Mol Group, Budapest, Ungarn

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