on HELLENiQ ENERGY Holdings S.A. (LON:HLPD)
HELLENiQ ENERGY Reports Resilient 2Q26 and 1H26 Financial Results
HELLENiQ ENERGY Holdings S.A. announced robust financial outcomes for the second quarter and first half of 2026, focusing on adapting to global energy disruptions. With adjusted EBITDA reaching €442 million in Q2 and €734 million for H1, the company navigated through an unstable market impacted by geopolitical tensions in Ukraine and the Gulf. The strategic move to alternative crude sourcing and enhanced operational efficiency contributed to these outcomes.
The Group recorded increased exports, specifically a 35% rise in diesel and jet fuel shipments primarily to the European market. Moreover, investments hit €226 million in Q2 and €407 million over the half-year. The company also reported a reduction in net debt to €1.97 billion.
While addressing escalating crude oil prices and supply limitations, HELLENiQ maintained refinery operations and contributed to the Greek market with strategic initiatives like fuel price reductions totaling approximately €20 million.
R. H.
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