MOL AGM Greenlights HUF 220 Billion Dividend Distribution
- The Annual General Meeting approved MOL Group’s financial statements for 2024
- The General Meeting decided to pay a dividend of HUF 220 billion
- The General Meeting re-elected the members of the Board of Directors
At its 2025 Annual General Meeting, MOL Group’s shareholders approved the company’s consolidated financial statements for 2024 and supported the Board of Directors’ report on its annual performance. One of the key highlights of the meeting was the approval of a HUF 220 billion dividend payout—a 10% increase over the previous year. This includes a base dividend of approximately HUF 165 per share and a special dividend of HUF 110 per share, totaling around HUF 275 per share.
Despite challenging global conditions, MOL delivered solid financial results. Profit before tax for 2024 declined by 23% to USD 1.5 billion due to normalizing industry trends and worsening macroeconomic conditions. However, clean CCS EBITDA remained robust at USD 3.073 billion, just 1% below the previous year and exceeding the market guidance of USD 3 billion.
In terms of segment performance:
- Upstream EBITDA, excluding special items, rose by 18% to HUF 402.1 billion (USD 1.099 billion), driven by increased production and reduced mining royalty payments.
- Downstream operations recorded a Clean CCS EBITDA of HUF 463.4 billion (USD 1.267 billion), down 2% year-on-year. Weakened refining margins impacted performance, though higher sales provided partial offset.
- Consumer Services grew strongly, with EBITDA rising 11% to HUF 271 billion (USD 743 million), supported by increased non-fuel sales and the 2023 acquisition in Slovenia.
- Gas Midstream EBITDA fell 5% to HUF 89 billion (USD 244 million) due to changes in tariffs and higher transmission demand.
- Circular Economy Services posted a negative EBITDA of HUF 20.3 billion (USD -52 million).
Additionally, Zsigmond Járai, Dr. László Parragh, and Dr. Martin Roman were re-elected to the Board of Directors for another five-year term.
Zsolt Hernádi, Chairman and CEO of MOL Group commented the results: “ “We had to perform in a world burdened with geopolitical and macroeconomic challenges, and that is why I am proud that we achieved significant success and met our financial objectives last year despite all the difficult circumstances. The future brings many uncertainties, but the task is clear for us: to continue increasing our competitiveness by following our own path. We will continue the smart transition in refining, build competitive and sustainable petrochemicals, develop a strong domestic and extensive international exploration and production portfolio, develop a true retailer attitude, and focus heavily on the circular economy. Of course, we will do all this with maximum efficiency so that we can continue creating value for our shareholders.”
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