– Received 1,319 billion USD revenue;

– EBITDA LIFO was 16 million USD;

– Refinery processed 1,814 million tons of crude oil.

Public company ORLEN Lietuva revenue in fourth quarter of 2024 reached 1,319 billion USD – 25% lower compared with same period previous year due to feedstock prices in global markets, lower sales volumes and an important scheduled maintenance work that included important work for “Bottom of the barrel” project.

“By being able to act rapidly and react to ever-changing macroeconomic conditions, we managed to record stable financial results in last quarter of 2024. However, uncertainties and dynamic changes in the market and not very optimistic outlook in the global markets remains our focus for 2025“, – said ORLEN Lietuva CEO Zbigniew Paszkowicz.

The CEO of ORLEN Lietuva added that the company is working on its long-term developm

Total sales volumes were down by 13%, however, inland sales – a stable source of energy for Lithuanian, Latvian, Estonian, Poland and Ukrainian markets – were only 2% lower, compared with last quarter of 2023, with seaborne sales reduced by 34%.

During last quarter of 2024 company performed a planned maintenance work in the refinery, including important work related to “Bottom of the barrel” project – the main area of focus for “ORLEN Lietuva” team. This meant refinery’s capacity utilization indicator was 71%, which is 16 p.p. lower than in same period last year.

“ORLEN Lietuva” has been the largest taxpayer in the country for a number of years and is a very important part of the Lithuanian economy. Since 2006, for acquisition and modernization of refinery in Mažeikiai ORLEN has invested almost 4,5 billion Euro. In addition, “ORLEN Lietuva” operates the crucial Būtingė terminal in Lithuania, the main port for feedstock supplies. Several years ago, the company acquired and is currently modernizing the Mockava railway terminal, an important transshipment station for the smooth export of products to Poland and Ukraine.

ORLEN Group is an integrated, diversified energy group, included in the prestigious Fortune Global 500 and Platts TOP250 lists. It was the first group in the region to announce its ambition to achieve climate neutrality targets in 2050. It has recently joined the list of the 150 largest companies in the world thanks to the completion of a number of recent mergers and acquisitions. ORLEN Group today operates in 10 markets: Poland, Czech Republic, Germany, Lithuania, Slovakia, Hungary, Austria, Canada, Norway and Pakistan.

ORLEN Lietuva inf.