ORLEN Group posts record 2021 earnings

In 2021, the ORLEN Group reported the highest net profit in its operating history of PLN 11.2 billion, with LIFO-based EBITDA at PLN 14.2 billion, net of the effect of impairment. The largest contributors to the record results were the petrochemical, power generation and refining businesses. In contrast, fuel and non-fuel sales at service stations in Poland accounted for just 13% of the Group’s profit. Despite a marked decline in fuel margins on the Polish market, revenue came in at PLN 131.3 billion.

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PKN ORLEN’s record performance in 2021

In 2021, PKN ORLEN posted a net profit of PLN 10.2 billion and LIFO-based EBITDA of PLN 14.2 billion. The main contributor to the record results was the petrochemical segment, followed by power generation and refining operations. Polish retail segment accounted only for 13% of the Group’s profit. Despite a marked decline in fuel margins in the Polish market, sales revenue amounted to PLN 131.6 billion...

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Final milestone towards merger of PKN ORLEN with the LOTOS Group

PKN ORLEN has selected four partners through whom it will implement the remedies negotiated with the European Commission as a condition for clearance of its intended acquisition of the LOTOS Group. It has thus achieved a key milestone in building a multi-utility group with a strong financial footing, ensuring energy security for Poland, as well as stable and attractive energy prices for customers. Saudi Arabian Oil Company (Saudi Aramco), the world’s largest integrated energy and chemicals company, has become a partner for the refining and wholesale assets and for aviation fuels. Saudi Aramco’s presence in the European refining and petrochemical sector, as well as increased oil imports to Poland, will be perfectly in line with PKN ORLEN’s efforts to diversify crude oil supplies...

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PKN ORLEN financial data for the 3rd quarter 2021 under segments

Petrochemicals, refining and power generation account for 75% of profits reported by the ORLEN Group for the third quarter of 2021. The retail segment in Poland currently accounts for just 15% of the Group’s EBITDA.

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PKN ORLEN’s investment in deep crude conversion in Mažeikiai will enhance the refinery’s profitability

PKN ORLEN is investing to expand its refinery in Mažeikiai. By the end of this year construction will start on a project to build deep crude conversion units enabling production of larger volumes of high-margin products. According to the agreement signed between PKN ORLEN and ORLEN Lietuva on the financing of the project, the Company is to invest EUR 641m. This will be the largest capex project carried out by the ORLEN Group in Lithuania in its operating history. The project will enhance the profitability of the refinery, contributing to strengthening energy security of the region. The project is slated for completion by the end of 2024, and it will add as much as ca. EUR 68m to annual EBITDA.

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ORLEN Group posts best results ever

For the second quarter of 2021, the ORLEN Group posted record-high LIFO-based EBITDA of PLN 3.2bn, up by a remarkable PLN 1.2bn y/y. The Group’s strong market position has also been confirmed by its net profit of PLN 2.2bn and 73% y/y growth in revenue, to PLN 29.4bn. The main contributors to the Group’s impressive performance were power generation and petrochemicals. More than half of the ORLEN Group's sales revenues come from foreign markets.

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PKN ORLEN's consolidated financial results for 1Q2021

In the first quarter of 2021, the ORLEN Group generated LIFO-based EBITDA of PLN 2.4bn and net profit of ca. PLN 1.9bn, with the consolidation of strong EBITDA delivered by the Energa Group of PLN 0.8bn as a major performance driver.

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Record results delivered by retail and power generation segments

​In 2020, PKN ORLEN posted strong LIFO-based EBITDA of PLN 12.1bn and net profit of PLN 3.4bn, including a gain on the purchase of Energa shares. Key growth projects were continued during the year. As...

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PKN ORLEN sustainability bonds sold to investors

​PKN ORLEN has issued 10,000 bonds with a total value of PLN 1bn and a margin of 90 basis points per annum in the first interest period. The margin in subsequent interest periods will depend on the...

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