Business
AT MOL Group’s Annual General Meeting, shareholders approved the Board of Directors’ report on the 2025 financial results and adopted the consolidated financial statements. The General Meeting decided to pay a dividend of HUF 241 billion, and re-elected JUDr. Oszkár Világi and dr. György Bacsa as members of the Board of Directors for a five-year period.
MOL Group’s profit before tax amounted to USD 1.3 billion—representing a 11% decrease compared to 2024. The result was primarily driven by higher EBITDA due to a more favourable external environment, higher depreciation and amortization charges, and a positive result from financial operations due to the strengthening of the Hungarian forint.
The General Meeting approved the Board of Directors’ dividend proposal of HUF 241 billion, a 9.1 percent increase compared to the previous year, that implies a base dividend of around HUF 180 per share, and an additional special dividend amounting to around HUF 120 per share, totalling to around HUF 300 per share.
The General Meeting re-elected Dr. Oszkár Világi and dr. György Bacsa as members of the Board of Directors, for a five-year period.
Zsolt Hernádi, Chairman and CEO of MOL Group commented the results: “2025 was an eventful year. An increasingly stringent regulatory environment, disruptions to our crude oil supply, and the fire at the Danube Refinery tested our resilience, but we emerged stronger from these crises. We focused on solutions: we actively sought dialogue with decision-makers and stood up for the region’s interests even against strong headwinds. We have consistently worked to diversify the region’s energy supply, as greater flexibility in pipelines, suppliers, and decision-making is always better.
I am delighted for our business results but I am even more proud of internal efficiency that has continued to improve. Every business unit has done its part, and as a result, the group started the year in good shape.
We have also taken a step forward in organizational development: the holding structure provides us with greater flexibility and faster decision-making. We are ready to continue growing.”
In 2025, MOL achieved a Clean CCS EBITDA of HUF 1,185.8 billion (USD 3,369 million), 6% higher than in the previous year and exceeding the capital market guidance of around USD 3 billion.
The Upstream segment’s EBITDA reached HUF 398.7 billion (USD 1,125 million) in 2025, marking a 1% decrease compared to the previous year in HUF terms as production volumes increased by 1% while the price of Brent fell by 14% and TTF natural gas quotations were 2% higher on average in EUR terms.
In 2025, Downstream achieved a Clean CCS EBITDA of HUF 508.4 billion (USD 1,453 million) translated to a 10% year-on-year growth in HUF terms, supported by higher refining margins in a volatile environment. The petrochemicals business continued to contribute negatively to results, and so did the fire at one of the distillation units that led to up to 50% of the crude distillation capacity of the Danube refinery was unutilized in the last two months of the year.
EBITDA of Consumer Services increased by 20% in HUF terms in 2025, reaching HUF 324.2 billion (USD 927 million) as a result of organic growth driven by non-fuel sales and one-off effects.
Gas Midstream achieved HUF 73.8 billion (USD 208 million) EBITDA in 2025, representing a decrease of 17% in HUF terms compared to 2024, as a result of a combination of robust demand for transmission activities, changes in regulated tariffs and macroeconomic drivers.
Circular Economy Services reported EBITDA of HUF -11.3 billion (USD -34 million) as the Deposit Refund Scheme was ramped up during the year that led to extra operational expenses; still, the negative EBITDA result was 44% lower in HUF terms than in 2024 thanks to efforts to enhance operational efficiency showing first results.
MOL Group is an international, integrated oil, gas, petrochemicals and consumer retail company, headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years. MOL Group operates three refineries and two petrochemical plants under integrated supply chain-management in Hungary, Slovakia and Croatia, and owns a network of almost 2400 service stations across 10 countries in Central & South-Eastern Europe. MOL’s exploration and production activities are supported by more than 85 years’ experience in the field of hydrocarbons and 30 years in the injection of CO2. At the moment, there are production activities in 8 countries and exploration assets in 9 countries. MOL is committed to transform its traditional fossil-fuel-based operations into a low-carbon, sustainable business model and aspires to become net carbon neutral by 2050 while shaping the low-carbon circular economy in Central and Eastern Europe.
A.I
April 10, 2026
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