Helleniq Energy Reports €55 Million Net Profit in Q1 2025

Helleniq Energy announced a net profit of €55 million for the first quarter of 2025, despite a challenging international refining margin environment. The company’s comparable operating results amounted to €180 million during the same period, showing decreases of 47% and 66% respectively due to weaker global refining margins and maintenance work at the Eleusis refinery, which reduced production. Despite these challenges, Helleniq Energy reported satisfactory results in a weak international market. Notably, trading performance hit a historical high for Q1, and ELPEDISON showed improved results. Andreas Siamiysis, CEO of Helleniq Energy, commented on the achievements, emphasizing the completion of the first phase of their Vision 2025 strategic transformation plan. He highlighted the ongoing modernization efforts and the expected contribution from the electricity sector following the integration of ELPEDISON. Domestic demand reached 1.7 million tons in Q1 2025, up by 4%, with motor fuel consumption increasing by 2% compared to Q1 2024. Demand for aviation fuels rose by 9%, while marine fuel consumption declined by 9%.