HELLENiQ ENERGY Reports First Quarter 2026 Results amid Middle East Crisis

In the first quarter of 2026, HELLENiQ ENERGY Holdings S.A. reported consolidated financial results heavily influenced by the Middle East crisis. The company focused on securing a stable supply, demonstrating a robust performance, with an Adjusted EBITDA of €293 million. The Refining business and full Enerwave integration were key contributors.

The crisis in the Strait of Hormuz significantly disrupted global markets, raising oil and LNG prices. HELLENiQ swiftly adapted by diversifying oil sources. Despite challenges, the company maintained consistent supply to its core markets and reported strong export activity, especially in diesel and jet fuel.

The strategic consolidation of Enerwave bolstered HELLENiQ’s Power segment, contributing €38 million to Adjusted EBITDA. The company's increased installed capacity in renewable energy and investment in refining efficiency underscore its long-term plans despite heightened energy market volatility.