The elin Group’s consolidated revenue for the first quarter of 2026 amounted to €306.84 million, compared to €589.53 million in 2025, according to a related announcement.
For the same period, the Group’s gross profit amounted to €11.520 million, compared to €15.654 million in the corresponding period of 2025, and earnings before interest, financial results, and depreciation (EBITDA) amounted to €2,288 million, compared to €6,832 million in the corresponding period of the previous year.
The Group’s consolidated earnings before interest and taxes (EBIT) for the first quarter of 2026 amounted to a loss of €691 thousand, compared to a profit of €4,074 million in the first quarter of 2025.
Results of the parent company ELINOIL S.A.
As for the parent company, ELINOIL S.A., in the first quarter of 2026, revenue amounted to €302.054 million, compared to €584.632 million in 2025, earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €1,546 million compared to €6,387 million in the corresponding period of 2025, while earnings before interest and taxes (EBIT) amounted to a loss of €944 thousand compared to a profit of €4,102 million in 2025.
Furthermore, pre-tax results amounted to a loss of €2,141 thousand compared to a profit of €2,121 million in the corresponding period of 2025.
During the first quarter of 2026, the international oil and petroleum products market was characterized by intense volatility due to geopolitical developments, changes in global trade flows, and fluctuations in the balance of supply and demand, resulting in significant changes in the prices of petroleum products and in transportation and supply costs. These developments, combined with the sales contracts agreed upon the previous year, had a negative impact on the results of the International Trade segment. The company took measures to mitigate the impact; however, the full effect will be reflected primarily in the first half of the year.
In the domestic market, the company posted positive results during the first months of the year, with increased sales of motor fuels and stronger profit margins, as a result of the expansion of the service station network and the lifting of the price cap during the first two months. However, the reinstatement of the profit margin cap in March, combined with developments in the Middle East and volatile demand, is putting pressure on the market’s operating margins. In this volatile environment, this year is expected to be particularly difficult and unpredictable.