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    Home > Finance > Greece's Helleniq Energy reports 5% drop in Q2 adjusted core profit
    Finance

    Greece's Helleniq Energy reports 5% drop in Q2 adjusted core profit

    Published by Global Banking & Finance Review®

    Posted on August 7, 2025

    1 min read

    Last updated: January 22, 2026

    Greece's Helleniq Energy reports 5% drop in Q2 adjusted core profit - Finance news and analysis from Global Banking & Finance Review
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    Tags:oil and gasenergy market

    Quick Summary

    Helleniq Energy's Q2 adjusted core profit fell by 5% due to reduced production and lower crude oil prices, despite better refining margins.

    Greece's Helleniq Energy reports 5% drop in Q2 adjusted core profit

    (Reuters) -Greek oil refiner Helleniq Energy on Thursday reported a 5% year-on-year decline in its adjusted core profit for the second quarter, citing reduced production from a scheduled full turnaround at the Elefsina refinery and weaker international crude oil prices, despite improved refining margins.

    The group posted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 221 million euros ($257 million), compared with 232 million euros a year earlier.

    (Reporting by Antonis Pothitos; Editing by Hugh Lawson)

    Key Takeaways

    • •Helleniq Energy reports a 5% decline in Q2 adjusted core profit.
    • •Reduced production at Elefsina refinery impacted profits.
    • •Weaker international crude oil prices affected earnings.
    • •Improved refining margins were noted despite profit drop.
    • •EBITDA stood at 221 million euros, down from 232 million euros.

    Frequently Asked Questions about Greece's Helleniq Energy reports 5% drop in Q2 adjusted core profit

    1What was the adjusted core profit reported by Helleniq Energy for Q2?

    Helleniq Energy reported an adjusted core profit of 221 million euros for Q2, a 5% decline from 232 million euros a year earlier.

    2What factors contributed to the decline in Helleniq Energy's profit?

    The decline in adjusted core profit was attributed to reduced production from a scheduled full turnaround.

    3How does the Q2 adjusted EBITDA compare to the previous year?

    The adjusted EBITDA for Q2 was 221 million euros, compared to 232 million euros in the same quarter last year.

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