Motor Oil Group on Wednesday announced a significant increase in its nine-month net income, boosted by higher refining margins for the third quarter.
The group reported a net profit of 453.2 million euros for the period January-September, compared to 224.1 million euros for the corresponding period of 2024.
The refinery group also reported that it had 244 million euros in insurance proceeds for the period, reimbursement for a blaze at its Corinth-area industrial complex and related loss of revenue.
The revenue dropped from 9.37 billion euros to 8.48 billion euro in the same time period last year.
The net debt of the group increased from 1.73 billion euros at the end 2024 to 1.89 billion euros by the end September 2025, mostly due to investments in renewable energy and an expansion of the retail network.
