In EUR mn (unless otherwise stated) |
|
|
|
||
|
2025 |
20241 |
Δ |
||
|---|---|---|---|---|---|
Sales revenues |
24,308 |
26,194 |
–7% |
||
Other operating income and net income from equity-accounted investments |
810 |
1,057 |
–23% |
||
Total revenues and other income |
25,118 |
27,251 |
–8% |
||
Purchases (net of inventory variation) |
–13,975 |
–15,025 |
7% |
||
Production and operating expenses incl. production and similar taxes |
–2,860 |
–3,157 |
9% |
||
Depreciation, amortization, impairments and write-ups |
–2,311 |
–2,457 |
6% |
||
Selling, distribution and administrative expenses |
–2,002 |
–1,905 |
–5% |
||
Exploration expenses |
–149 |
–151 |
1% |
||
Other operating expenses |
–711 |
–354 |
–101% |
||
Operating Result |
3,110 |
4,202 |
–26% |
||
Net financial result |
–63 |
–103 |
39% |
||
Profit before tax |
3,047 |
4,099 |
–26% |
||
Taxes on income and profit |
–1,834 |
–2,163 |
15% |
||
Net income from continuing operations |
1,212 |
1,936 |
–37% |
||
Net income from discontinued operations |
307 |
88 |
n.m. |
||
Net income for the year |
1,520 |
2,024 |
–25% |
||
thereof attributable to hybrid capital owners |
60 |
64 |
–7% |
||
thereof attributable to non-controlling interests |
443 |
571 |
–22% |
||
Net income for the year from continuing operations attributable to stockholders of the parent |
789 |
1,324 |
–40% |
||
Effective tax rate (%) |
60 |
53 |
7 |
||
|
|||||
As a result of the binding agreement signed in March 2025 between OMV and ADNOC for the combination of Borouge and Borealis into Borouge Group International, the Borealis Group (excluding Borouge investments) was reclassified to “held for sale” and qualifies as “discontinued operations”. Since reclassification, the non-current assets are no longer depreciated or amortized and investments are no longer accounted for according to the equity method. Income statement and other comprehensive income numbers for the prior-year period have been adjusted accordingly to present comparative information for discontinued operations. For further details see Note 4 – OMV and ADNOC to establish a new Polyolefins Joint Venture – of the Notes to the Consolidated Financial Statements.
Sales to third parties 2025 (2024)
In EUR mn unless otherwise stated (prior year)
Total non-consolidated sales 2025 (2024)
In EUR mn unless otherwise stated (prior year)
Sales revenues decreased by 7% to EUR 24,308 mn, mainly due to lower sales volumes from contracts with customers in the Gas Marketing & Power business of the Energy segment. For the sales split by geographical area, please refer to the Notes to the Consolidated Financial Statements (Note 6 – Segment Reporting).
Other operating income decreased from EUR 609 mn in 2024 to EUR 408 mn. 2025 was impacted by the positive outcome of litigation in Romania. In addition, 2025 included a gain of EUR 48 mn following an arbitration award in favor of OMV in relation to the Austrian gas supply contract with Gazprom Export. 2024 was significantly impacted by a gain of EUR 234 mn following the conclusion of arbitration proceedings in relation to the German gas supply contract with Gazprom Export. For further details, please refer to the Notes to the Consolidated Financial Statements (Note 8 – Other Operating Income and Net Income from Equity-Accounted Investments).
Net expenses for depreciation, amortization, impairments and write-ups decreased compared to the previous year, mainly due to lower depreciation charges and lower net impairments. In 2025, net impairments mainly included EUR 135 mn related to oil and gas assets and goodwill in Tunisia, EUR 131 mn for gas assets in New Zealand, and EUR 122 mn for oil and gas assets in Romania. In 2024, the main impacts were impairments of EUR 222 mn for New Zealand gas assets, EUR 125 mn for certain Energy assets that were divested in 2025, and EUR 121 mn for oil and gas assets in Romania. For further details, please refer to the Notes to the Consolidated Financial Statements (Note 9 – Depreciation, Amortization, Impairments and Write-ups).
Other operating expenses increased from EUR 354 mn in 2024 to EUR 711 mn in 2025. 2025 was impacted by an impairment of other financial assets of EUR 297 mn related to abandonment obligations foreseen to be incurred by OMV Petrom at its own cost, following the agreed principles between OMV Petrom and the Romanian State for 15 year extension of production licenses in Romania. For further details, please refer to the Notes to the Consolidated Financial Statements (Note 20 – Financial Assets).
The net financial result improved from EUR –103 mn in 2024 to EUR –63 mn in 2025. In 2025, the result was positively impacted by higher interest income following the positive outcome of litigation in Romania, though this was partly offset by an unfavorable foreign exchange result. For further details please refer to the Notes to the Consolidated Financial Statements (Note 13 – Net Financial Result).
The effective tax rate increased from 53% in 2024 to 60% in 2025, mainly due to the reassessment of the deferred tax asset position of the Austrian tax group following the decision by OMV and ADNOC to establish a new Polyolefins Joint Venture and the updated tax planning assumptions. For further details, please refer to the Notes to the Consolidated Financial Statements (Note 4 – OMV and ADNOC to Establish a New Polyolefins Joint Venture and Note 14 – Taxes on Income and Profit).