Austria's OMV flags 700 million euros of impairments, value adjustments for Q4 (updated)

OMV Petrom SA

15/01/2026 07:01

Recasts with Q4 impairments in paragraphs 1-2, adds context in paragraph 3, release date for full annual results in paragraph 5

Jan 15 (Reuters) - Austrian oil and gas group OMV OMVV.VI recorded 700 million euros ($814 million) of non-cash impairments and value adjustments in the fourth quarter of 2025, it said on Thursday as part of a trading update.

The Vienna-based company said 400 million euros of impairments were due to lower production in Romania, Tunisia and New Zealand, while the remaining 300 million euros were linked to obligations related to the extension of production licenses in Romania.

Romania's coalition government said in December it had extended exploration and production permits for the energy group's Romanian subsidiary, OMV Petrom ROSNP.BX, and agreed with the company to raise its onshore royalty taxes by about 40%.

OMV recorded lower average energy prices in the fourth quarter of 2025, as the average price of natural gas fell by 3.2% compared to the third quarter and average realized crude oil price declined to $62.4 per barrel.

The group will report full fourth-quarter and annual results on February 4.

($1 = 0.8596 euros)

(Reporting by Tristan Veyet and Maria Rugamer in Gdansk, editing by Milla Nissi-Prussak)

((Tristan.Chabba@thomsonreuters.com;))