ELIN: Consolidated Revenue Up by 11% in 2024

In 2024, the consolidated revenue of the ELIN Group increased by 11%, as announced on April 30, 2025. Specifically, according to an official statement from ELIN, the group’s turnover for 2024 reached €2.757 billion compared to €2.483 billion in 2023, marking an 11% increase. For the same period, the group’s gross profits rose to €81.5 million compared to €65.36 million in 2023. The earnings before interest, taxes, depreciation, and amortization (EBITDA) climbed to €38.1 million compared to €26.1 million the previous year, representing a 46% increase. Correspondingly, the consolidated pre-tax earnings (EBT) rose to €11.6 million versus €8.8 million in 2023, while consolidated net earnings after taxes and minority rights (EATAM) amounted to €9.8 million compared to €6.5 million in 2023. Regarding the parent company ELINOIL A.E., in 2024, the revenue increased to €2.735 billion compared to €2.463 billion in 2023. EBITDA rose to €35.8 million from €25.2 million, pre-tax profits reached €11.6 million compared to €10 million in 2023, and net earnings after taxes and minority rights (EATAM) were €9.7 million versus €7.6 million. At the group level, ELIN Technical MON. A.E. reported improved results in 2024 due to customer base expansion, higher gross profit margins, and stricter construction cost management. ELIN Maritime N.E. returned to positive results thanks to mid-2024 freight rate adjustments. Finally, ELIN Stations A.E.’s results were further burdened in 2024 due to the maintained cap on blended profit margins in fuels and increased investments in new sales outlets.