Revoil announced its financial results for the first half.
The Group recorded strong profitability in the first half of 2026 with pre-tax profits closing with an increase of 167% to €3.23 million compared to €1.21 million in the corresponding period of fiscal year 2025 as a result of:
a) the improvement in the commercial activity of the Parent company REVOIL with the significant increase in fuel sales volumes by 8.76% compared to the corresponding half of last year.
b) the contribution of “MALTEZOS S.A.” by €1.03 million, which was consolidated into the Group in November 2025 and consequently is not included in the results of the 1st half of 2025.
c) the reduced financial cost and the more proper management of the Parent company's inventories.
The Group's sales amounted to €500.39 million in the first half of 2026 from €411.94 million in the corresponding half of 2025, showing an increase of 21.47% due to the increase in the Group's total fuel sales volumes as well as higher international fuel prices. The average international oil price in the first half of 2026 stood at $86.90/barrel compared to an average price of $70.62/barrel in the first half of 2025, showing an increase of 23.05%.
The total fuel quantities sold (gasolines, diesel, heating oil and marine) of the parent Company in the first half of 2026 amounted to 412.62 million liters compared to 379.38 million liters in the corresponding period last year, showing an increase of 8.76%.
The increase in total sales volumes is mainly due to the increase in motor fuels sales by 10.15% and marine fuel oil by 36.92%, while heating oil sales moved lower by 10.31% as a result of the higher temperatures that prevailed in the first four months of the fiscal year compared to the corresponding period last year.
Additionally, during the first half of 2026, sales of the newly acquired subsidiary “MALTEZOS S.A.” were significantly boosted by the implementation of the “Change Heating System and Water Heater” program. The commercial utilization of the program, which essentially began in November 2025 with the activation of the relevant vouchers and continued during the first half of 2026, contributed to increased demand for solar water heaters and, consequently, to the positive development of the Group's sales and financial figures.
Profit before taxes, financing and investment results, and depreciation (EBITDA) of the Group amounted to €8.90 million compared to €6.77 million in the first half of 2025, marking an increase of 31.27%.
It should be noted that the rise in EBITDA was contained at the aforementioned levels, negatively affected by the performance of the RES sector. Specifically, during the first half of 2026, this sector showed a decline in its operating profitability by 60% (i.e. an amount of €335 thousand) compared to the corresponding period of 2025. This decline resulted from the extensive curtailments in electricity production applied during the current period, which were imposed by the System Operator as a result of the high penetration of RES in the energy mix and the frequent phenomena of power oversupply, as well as zero and negative prices in the market, factors that led to forced rejections of green energy.
At the level of results after taxes, the Group closed with profits of €1.95 million from profits of €0.77 million in the first half of 2025.
The domestic petroleum products market in the first half of 2026, in terms of fuel sales volumes, closed lower by 3.97% compared to the corresponding half of 2025, with motor fuels showing a decrease of 1.47% and heating oil a significant drop of 16.79%.
REVOIL had an overall noticeably better performance than that of the Market in terms of fuel sales volumes, while its profitability also closed significantly higher than in the first half of fiscal year 2025.
This positive course of REVOIL continues in the second half of 2026 despite the unstable global geopolitical environment.
At the same time, REV Energy Group is systematically strengthening the Group's presence in Renewable Energy Sources (RES). Within the second half of the fiscal year, a 6MW photovoltaic park in the Boeotia area is being completed and put into operation. At the same time, in the same area, a 3MW wind park has already completed its construction stage and is expected to enter trial operation within the last quarter of the year.
Regarding the Group's third growth pillar, the company MALTEZOS, the strong commercial performance of the first half of 2026 continues dynamically during the current period as well, shaping extremely favorable prospects for the full fiscal year. During the second half, the subsidiary is focusing on further strengthening sales in the domestic market, implementing its export plan, broadening its product base, and fully capitalizing on group synergies.
In this way, the strategic symmetry between the parent REVOIL in the petroleum products market, REV Energy Group in the development of RES, in combination with MALTEZOS, significantly strengthens the Group's growth trajectory, while its financial figures continue their upward course during the second half of the fiscal year up to today.