Business Summary: MOL Magyar Olaj es Gazipari Nyrt is a Hungary-based integrated oil and gas company. The Company's core activities include the exploration and production of crude oil, natural gas and gas products; the refining, storage and transportation of crude oil in retail and wholesale markets, and the importation, transportation, storage and wholesale trading of natural gas and other gas products. The Company specializes in exploration and production activities in the hydrocarbon field, such as: Upstream: Exploration and Production; Downstream; Refining and Petrochemicals; Gas midstream; Consumer services: Retail and Mobility. The Company forms a capital group with its subsidiaries, associated companies and joint ventures. It has operations in over 30 countries in Europe, the Middle East, Africa and Asia.
Financial Summary: BRIEF: For the three months ended 31 March 2025, MOL Magyar Olaj es Gazipari Nyrt - ADR revenues increased 6% to HUF2.171T. Net income before extraordinary items increased 59% to HUF152.34B. Revenues reflect Oil Equivalent Production -Associated increase of 25% to 14K barrels per day. Net income benefited from Other operating expenses decrease of 30% to HUF121.48B (expense), Equity Earnings -Before Taxes increase from HUF2.11B to HUF15.98B (income).