Motor Oil Q1 profit surges on margins, strong sales growth

Motor Oil (Hellas) Corinth Refineries

27/05/2026 17:01

May 27 (Reuters) - Greek refiner Motor Oil MORr.AT reported a near-quadrupling in first-quarter profit on Wednesday, helped by stronger refining margins and higher sales, as it benefited from export activity and growth across its core fuels business.
The group posted net profit of €332.7 million ($387.0 million) for the January to March period, up from €85.0 million a year earlier.
     
Revenue jumped about 25% year-on-year to €3.36 billion from €2.68 billion
Operating profit climbed to €471.6 million, up from €133.3 million in Q1 2025
Sales volumes rose to 3.25 million metric tons from 2.80 million a year earlier
Exports dominated the sales mix, accounting for €1.86 billion of total revenue, or about 55% 
Motor Oil said Q1 performance was driven mainly by the fuels segment, with additional contributions from consumer services and electrification units
     
($1 = 0.8597 euros)

(Reporting by Antonis Pothitos; Editing by Kirsten Donovan)
((antonis.pothitos@thomsonreuters.com; +48 58 769 65 78;))