The elin group published its results for the first half of 2026.
The group's consolidated turnover amounted to €612.08 million in the first half of 2026, compared with €1.14414 billion in the corresponding period of 2025.
For the same period, the group's gross profits came to €17.35 million, compared with €30.71 million in the corresponding period of 2025.
The earnings before taxes, financial results and depreciation (EBITDA) in the first half of 2026 came to -€2.96 million compared with €10.54 million in the corresponding period of last year, while the consolidated results before taxes (EBT) came to -€10.60 million compared with €1.09 million in last year's half-year period.
At the same time, the group's total borrowing decreased by 69%, coming to €29.16 million, from €92.80 million in the corresponding period of 2025.
Results of parent company ELINOIL
As regards the parent company ELINOIL, in the first half of 2026 earnings before taxes, financial results and depreciation (EBITDA) came to -€4.08 million, compared with €9.84 million in the first half of 2025.
Results before taxes came to -€10.59 million, compared with €1.55 million in the corresponding period of 2025, while total borrowing decreased by 69%, to €27.94 million, from €89.46 million.
The significant increase in international fuel prices and freight rates, combined with the obligation to execute pre-agreed contracts that had been concluded during the previous year under different market and pricing conditions in the international trade activity, burdened the results of the second quarter, after a series of years of high profitability.
According to the listed company's announcement, this specific impact is temporary and non-recurring in nature, as the relevant contractual obligations were completed within the second quarter of 2026.
In the domestic petroleum products market, the reinstatement of the cap on the profit margin from March until the end of June 2026 compressed profit margins, despite the positive course of sales volumes in motor fuels and the continued expansion of the company's customer base.
After a particularly demanding first half, elin remains focused on strengthening its position in the domestic market, on the qualitative upgrading of its network and on improving its operational efficiency across all its commercial activities, with the aim of the gradual restoration of profitability and the creation of a steady recovery path, the company emphasizes.
At the same time, in its international trade activity it is implementing a more selective commercial policy, with emphasis on safeguarding margins and on more rational risk management, it concludes.