In Q1 2025, Rompetrol Rafinare, a Romanian company engaged in oil refining and petrochemical production, reported an increase in operational results despite market difficulties.
Revenues exceeded $1.3 billion, marking a 21% increase compared to Q1 2024. The rise in fuel production by more than 35% and material processing by 42% contributed to this result. However, operational profit (EBITDA) decreased by 31%, reaching $22.8 million, primarily due to material price fluctuations and seasonal demand drops.
Total polymer production in the petrochemical segment amounted to 15,000 t, similar to Q1 2024 levels when production stood at 16,000 t. However, operational results were negatively impacted by the lack of activity at the low-density polyethylene (LDPE) plant and reduced performance at the polypropylene (PP) plant, driven by decreased demand in the petrochemical market. In Q1 2025, necessary modernisation works were carried out, enabling the LDPE installation to restart operations in early May 2025. It now operates alongside the PP installation, and production from both plants will strengthen the company's position as a leader in the petrochemical sector.
In Q1 2025, the petrochemical segment’s revenues declined compared to the same period in 2024. Gross turnover amounted to $22.6 million, a decrease of 17% compared to $27.5 million in Q1 2024. EBITDA in Q1 2025 was $17 million, showing an improvement compared to the $16.3 million loss in Q1 2024.
The net result in Q1 2025 was -$9.17 million, an improvement from the $19.6 million loss in Q1 2024.
The petrochemical segment focuses on improving operational efficiency, supported by the launch of the LDPE plant and optimal performance at the PP plant. The company plans to process around 150,000 t of materials, including propylene obtained from refining processes and imported ethylene.
Rompetrol Rafinare continued distributing its products from two refineries — Petromidia and Vega — and from the petrochemical division, prioritising the domestic market, while also supporting subsidiaries of the KMG International Group (Rompetrol) in the region with significant volumes of petroleum products.