NIS: €83.5 million net profit in first six months

NIS added that, thanks to this model, as well as rising global oil prices and the impact of lower-cost inventories, the NIS Group achieved a net profit of 83.5 million euro in the first half of the current year, while EBITDA stood at approximately 299 million euro.

The average price of Brent crude oil in the January-June 2026 period was 92.6 dollars per barrel, compared to 71.7 dollars in the same period last year.

“In the complex operating conditions, which were further exacerbated by developments on the global oil market during the reporting period, the NIS Group maintained its focus on the orderly supply of all types of petroleum products to the market and preserving the social stability of its employees. NIS also continued investing in capital projects, with the volume of investments reaching 11.8 billion dinars (c. 100 million euro),” the company said.

Oil and gas production in the first six months totaled 554.4 thousand tons of oil equivalent. Refining volumes for crude oil and semi-finished products reached 1.6 million tons, while the total sales volume of petroleum products in the first half of 2026 amounted to 1.4 million tons.

NIS stated that, despite these complex circumstances, it continued to implement socially responsible programs and community projects. A new competition was launched within the "Common-Cause Community" social responsibility program, providing 1.23 million euro for projects in the primary local communities where NIS operates.

“Bearing in mind the business conditions, NIS will remain committed to strict financial discipline in the remainder of the year, especially considering that prices on the oil market are volatile and that the group may face the effect of more expensive oil inventories in the next quarter. In this context, the NIS Group will continue implementing measures aimed at increasing efficiency and rational cost management, with an emphasis on preserving business sustainability and market stability,” the company press release said.

NIS remains subject to US sanctions due to its majority Russian ownership.