Refiner Motor Oil’s Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) exceeded €1 billion in the first half of 2026, on the back of strong sales growth and the rise in the price of oil as a result of the conflict in the Persian Gulf and the continuing war in Ukraine, the company announced Tuesday.
Specifically, half-year EBITDA rose to €1.04 billion, 192.61% higher than during the same period in 2025, when it stood at €355.49 million.
The big rise was due not only to higher sales, but also to a great increase in refinery profit margins, especially in diesel and gasoline.
Turnover, at €7.52 billion, was 42.89% higher than a year ago (€5.26 billion). Sales volume rose 18.06%, to 7,391,384 metric tons, while the average price of oil products was 43% higher than during the first half of 2025.
Some of the rise was offset by a 6.8% depreciation of the dollar versus the euro, given that the greatest part of the sales comprises exports priced in US dollars.
