MOL Group reports profit increase of 23% in first quarter

 MOL Group's profit before taxes reached $546 million in the first quarter of this year, down 23% compared to the same period in 2024, according to the company's financial results, published on Friday.According to the above, all segments of activity performed in a strong economic environment, contributing to the resilient performance of the MOL Group, despite a difficult macroeconomic context.Results from the Upstream segment increased by one-quarter the highest, supported by the increase of gas prices. Overall, Downstream segment results improved year on year, despite declining refining margins and the overall difficult business context."These negative factors were offset by pre-profit volume growth and own growth - in part by significant restructuring during the reference period - precum and never being able to use it. benefited from the recovery in oil volumes, continued to record losses, reflecting continued causing low refining margins for Brent has stabilized in the medium term over the medium term," according to the quoted source.The Consumer Services segment has registered continuous growth, driven by contributions from the fuel and non-fuel sectors, in a challenging macroeconomic climate."Fuel reserves have consolidated for parts of Romania and Croatia. Dynamics of non-fuel margins growth has warmed compared to the short year, with a trend towards the continuous recovery. extended, adding 1,341 units in the first quarter of 2025, marking a growth of 1% compared to the quarter and 6% compared to the previous year," the press release reads.On the other hand, the Circular Economy segment had a positive contribution to EBITDA in FY2025, determined by a major milestone."CAPEX continues to be strengthened by focusing on expanding Guarantee-Return (DRS) systems, with 4,800 operational locations currently, the number of returned battery packaging increased by approximately 10% 6.5 million units per day," according to the quoted source.Of late, progress has continued to be registered in this high-level infrastructure project, including the construction of the Komarom warehouse (which is under construction). tenders for projects to transform waste into energy are, of course, in an ongoing process.Midstream Gas EBITDA declined in the first quarter of 2025, amid robust cherry growth in transportation services, as the macroeconomic climate became more favourable.MOL Group is an international integrated oil, natural gas, petrochemical and retail company headquartered in Budapest, Hungary. They have been operating for 30 years, the dynamic for-profit organization has 24,000 employees worldwide and 100 years of experience in the industry. MOL Group controls three refineries and two petrochemical units at the integrated management level at the supply center in Hungary, Slovakia and Croatia. The company has, as a result, a network of approximately 2,400 service stations in 10 countries in Central and Southeast Europe.