PKN ORLEN Supervisory Board completed composition of the management board
During its meeting today, the Supervisory Board of Polski Koncern Naftowy ORLEN Spolka Akcyjna appointed Jacek Strzelecki Vice President, Chief Financial Officer
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PRESS RELEASE 22.05.2025
Strong earnings delivered by ORLEN Group in Q1 2025
In the first quarter of 2025, the ORLEN Group posted a 40% y/y increase in LIFO-based EBITDA, which reached PLN 11.6 billion, while net profit surged by over 50% to PLN 4.3 billion. Approximately 80% of the operating profit figure was attributable to the hydrocarbon upstream and downstream operations and to the energy business, where key strategic development projects are underway. These include the integration of new fields in Norway to soon bring them on stream, work to develop the Baltic Power offshore wind farm, upgrade of power distribution networks, and development of two CCGT projects. During the first quarter, the number of active users of the VITAY mobile app grew by 200 thousand, and ORLEN gained around 20 thousand new retail customers for gas and electricity. Over the period, ORLEN invested PLN 6.2 billion in strategic development projects supporting the energy transition, while reducing its net debt by over PLN 8 billion q/q.
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PRESS RELEASE 20.05.2025
Poland’s first offshore wind farm on the Baltic Sea moves closer to completion – ORLEN Group reaches another key milestone
The ORLEN Group has reached another milestone in the development of offshore wind energy. Poland’s first operations and maintenance base dedicated to offshore wind farms is now operational in Łeba. The port infrastructure, built from the ground up, will support the Baltic Power offshore wind farm currently under construction by ORLEN in partnership with Canada’s Northland Power. Already playing a key role in the ongoing offshore construction process, the base will support the launch of Poland’s first offshore wind farm on the Baltic Sea, scheduled for completion next year.
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KOMUNIKATY PRASOWE 20.05.2025
ORLEN announces a discovery on the Norwegian Continental Shelf
ORLEN Upstream Norway, a subsidiary of ORLEN SA, together with the license partners, has made a discovery within the Skarv area in the Norwegian Sea. The size of E-prospect discovery is currently estimated at 3-7 million barrels of oil. During the drilling, an additional discovery was made, with resources estimated between 1 and 2 million barrels of oil.
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