Revoil recorded a significant 34.89% increase in EBITDA and a 151.95% rise in pre-tax profit in the first nine months. Pre-tax profit was €5.89m, up from €2.34m. Fuel sales volumes also rose by 9.94%.
| | GROUP |
|---|
| Results (€000) | 01.01 -
30.09.2026 | 01.01 -
30.09.2025 | 01.07. -
30.09.2026 | 01.07. -
30.09.2025 |
|---|
| Revenue | 798,660 | 614,007 | 298,268 | 202,066 |
| Gross profit | 32,858 | 25,619 | 12,399 | 9,253 |
| EBITDA | 14,435 | 10,702 | 5,537 | 3,928 |
| Earnings before interest and tax (EBIT) | 9,457 | 6,150 | 3,879 | 2,369 |
| Earnings before tax (EBT) | 5,890 | 2,338 | 2,661 | 1,129 |
| Earnings after tax (EAT) | 3,806 | 1,586 | 1,861 | 813 |
The Group continued the upward trend that began at the start of 2026, with pre-tax profit reaching €2.66m in the third quarter and €5.89m for the first nine months, up 135.74% and 151.95%, respectively, compared with 2025. This was due to:
a) improved trading activity at parent company REVOIL, with fuel sales volumes rising by 9.94% compared with the same nine-month period last year.
b) a €1.23m contribution from “MALTEZOS SA”, which was incorporated into the Group in November 2025 and was therefore not included in the 9M 2025 results.
Revenue and Sales Volume Analysis
Group sales reached €798.7m in the first nine months of 2026, up from €614m in the same period of 2025, an increase of 30.07% driven by higher total fuel sales volumes and higher international fuel prices.
At parent-company level, total fuel volumes sold (petrol, diesel, heating oil, marine fuels and other) in the first nine months of 2026 reached 638.19m litres, compared with 580.47m litres in the same period last year, an increase of 9.94%.
The rise in total sales volumes was mainly due to a 9.47% increase in motor fuels and a 35.4% increase in marine fuels.
Revenue was also boosted by sales of solar water heaters by subsidiary MALTEZOS, which benefited from strong demand under the government programme “I Change My Heating System and Water Heater”.
EBITDA and EBT by Business Segment (9M 2026):
Amounts in €000
| Business segment | EBITDA | EBT |
|---|
| Fuels | 12,420 | 5,149 |
| Renewable energy | 575 | -490 |
| Solar systems and heating/cooling units | 1,440 | 1,231 |
| Group total | 14,435 | 5,890 |
Performance of the Growth Pillars
The strong performance of parent company REVOIL and MALTEZOS offset a temporary slowdown in the Group’s third growth pillar, renewable energy sources (RES). Operating profitability in RES fell by 35% (or €308,000), due to extensive cuts to electricity generation (curtailments) imposed by the System Operator in the first half of the financial year, as a result of excess supply capacity and zero or negative market prices.
Strategy and Year-end Outlook
- REVOIL (parent company): It continues to perform better overall than the market, gaining market share, while the heating season is progressing encouragingly despite comparatively higher prices.
- MALTEZOS: The outlook remains extremely favourable, with a focus on further expanding its presence in the domestic market and implementing its international expansion and export plan.
- Renewable energy: The Group aims to recover revenues as curtailments gradually ease and new projects become fully operational in the coming months (a 3 MW wind farm and a 6 MW solar farm).