In a remarkable feat of financial resilience, Slovenia’s Petrol Group has reported its highest-ever net profit of €146 million for 2024, a 7% increase from the previous year.
This achievement comes despite a 12% slump in revenue, which amounted to €6.1 billion, as global energy prices continue to fluctuate.
The company’s strong performance is attributed to effective cost management and high sales volumes in oil derivatives, natural gas, and electricity.
Although revenue dipped, the company’s EBITDA surged by 15%, reaching €314 million, thanks to strategic operations that successfully navigated regulatory challenges.
Petrol’s performance was particularly bolstered by strong demand in Croatia, where lower fuel prices compared to neighboring nations fueled sales growth.
Petrol remains focused on energy transition and digitalisation, with planned investments of €60 million for 2024, even amid growing geopolitical and ecological risks.
However, the company has expressed concern over the sustainability of retail margins in Slovenia, citing challenges posed by biofuel taxes and CO2 regulations.
Despite these hurdles, Petrol is poised to maintain solid growth, with projections for next year continuing on a strong trajectory.
