HELLENiQ ENERGY Holdings S.A.

HELLENiQ ENERGY Holdings S.A.

ELPE.AT
HELLENiQ ENERGY Holdings S.A.GR flagAthens Stock Exchange
11.00
EUR
-0.01
- -
3.36BMarket Cap
HELLENiQ ENERGY Holdings S.A.
ELPE.AT
(Athens Stock Exchange)

Recent

price

11.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
27.74
30.45
34.25
31.65
31.01
23.89
21.64
26.16
31.96
28.98
18.92
30.17
47.47
41.89
41.77
38
38.07
Revenue per Share
0.59
0.37
0.28
-0.88
-1.2
0.15
1.08
1.25
0.69
0.53
-1.3
1.1
2.91
1.56
0.2
0.57
1.47
Basic EPS, GAAP
-0.01
0.45
0.02
1.27
2.35
0.96
-1.5
0.77
1.61
0.8
0.5
-0.43
0.36
2.19
0.87
0.31
0.99
Free Cash Flow per Basic Share
0.45
0.28
0.45
0.14
- -
0.21
- -
0.34
0.49
0.5
0.5
0.1
0.8
0.75
0.9
0.75
0.76
Dividend per Share
6.17
6.23
6.04
5.02
3.87
4.06
5.14
6.38
5.62
5.34
3.79
4.78
6.57
7.31
6.63
6.4
8.51
Book Value per Share
7.61
7.7
7.65
6.77
5.22
5.47
6.65
7.42
7.49
7.27
5.7
6.22
7.23
8.55
7.87
7.21
7.96
Tangible Book Value per Share
306
306
306
306
306
306
306
306
306
306
306
306
306
306
306
306
305
Basic Weighted Avg Shares
8,477
9,308
10,469
9,674
9,478
7,303
6,613
7,995
9,769
8,857
5,782
9,222
14,508
12,803
12,768
11,615
11,600
Sales/Revenue/Turnover
4.06
1.84
1.3
-1.73
-3.24
3.28
9.01
8.52
5.18
3.8
-8.3
4.41
9.18
5.87
3.2
3.32
6.38
Operating Margin (%)
153
160
179
224
205
199
209
189
201
237
256
259
314
321
342
345
339
Depreciation Expense
180
114
86
-269
-365
47
329
381
212
161
-396
337
890
478
60
173
447
Net Income, GAAP
37.26
28
29.02
- -
- -
- -
29.41
26.14
41.8
20.98
- -
16.19
37.02
20.44
80.91
30.56
26.01
Effective Tax Rate (%)
2.12
1.23
0.82
-2.78
-3.85
0.64
4.97
4.77
2.17
1.82
-6.85
3.66
6.13
3.73
0.47
1.49
3.86
Profit Margin (%)
410
-171
-1,408
-780
-823
-948
-262
-690
535
408
150
-232
-175
160
738
973
1,325
Working Capital
1,133
1,142
383
1,312
1,812
1,598
1,456
920
1,627
1,779
2,302
1,689
1,611
1,570
2,361
3,011
3,278
LT Debt
2,532
2,530
2,496
2,214
1,729
1,790
2,142
2,372
2,395
2,327
1,849
2,129
2,727
2,946
2,762
2,728
3,042
Total Equity
4.54
2.43
1.89
- -
- -
- -
8.79
10.38
5.95
5.39
- -
7.01
15.26
10.24
1.4
4.77
8.59
Return on Invested Capital (%)
4.11
3.89
2.88
- -
- -
- -
10.45
10.26
6.03
5.42
- -
9
19.2
11.21
1.62
5.08
9.05
Return on Capital (%)
9.59
6.02
4.56
-15.93
-26.9
3.85
23.39
21.67
11.54
9.6
-28.37
25.75
51.27
22.52
2.81
8.7
17.95
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
301
262
189
LT Borrowings
2,886
2,777
3,031
LT Finance Leases
203
234
247
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
306
306
306
Market Capitalization
2,702
2,680
3,007

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,261
3,364
3,503
Cash, Cash Equivalents & STI
680
858
505
Accounts Receivable, Net
1,154
354
1,334
Inventories
1,380
1,307
1,559
Total Current Liabilities
2,017
2,391
2,178
Payables & Accruals
- -
- -
- -
ST Debt
301
262
189
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.18%
8.76%
-1.24%
Free Cash Flow
-37.32%
2.3%
-64.45%
Net Income, GAAP
24%
6.9%
189.94%
Sales/Revenue/Turnover
8.54%
19.15%
-9.03%
Total Cash Common Dividend
2,248.28%
124.99%
-16.36%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,278
3,274
3,192
3,024
12,768
2025
2,733
2,433
3,312
3,136
11,615
2026
2,718
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.59
0.1
-0.65
- -
0.2
2025
0.03
-0.1
0.49
- -
0.57
2026
0.93
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
- -
0.6
- -
0.9
2025
0.17
- -
0.55
- -
0.75
2026
0.2
- -
- -
- -
- -
Business
HELLENiQ ENERGY Holdings S.A. operates as a prominent energy conglomerate, primarily active across Greece, Southeast Europe, and the East Mediterranean region. The company’s operations span multiple key energy segments, encompassing refining, fuel marketing, hydrocarbon exploration and production, petrochemicals, power generation and trading, and a growing focus on renewable energy sources. Within its refining division, HELLENiQ ENERGY manages three sophisticated facilities in Greece, located in Aspropyrgos, Elefsina, and Thessaloniki, which collectively represent approximately 65% of the nation’s total refining capacity. This core activity involves the extensive supply, refining, and trading of crude oil and various petroleum products. The company maintains a robust marketing presence, overseeing a vast network of over 1,600 service stations throughout Greece under the EKO and BP brands, complemented by approximately 300 additional stations in Southeast European countries such as Cyprus, Bulgaria, Serbia, Montenegro, and North Macedonia. Beyond automotive fuels, their marketing portfolio includes LPG, aviation fuels, marine fuels, and lubricants. As Greece’s sole producer of petrochemicals, the group manufactures essential products like polypropylene, solvents, and caustic soda. In power generation, HELLENiQ ENERGY operates natural gas plants and, through its full consolidation of ELPEDISON (now Enerwave) in July 2025, is actively engaged in electricity trading and natural gas supply. The company is also heavily invested in the exploration and production of hydrocarbons in select onshore and offshore areas of Greece, often in strategic partnerships, with plans for an exploration drilling campaign in the Ionian Sea in 2027. Crucially, HELLENiQ ENERGY is executing a strategic transformation towards a lower-carbon future, with ambitious targets to achieve 1 GW of installed renewable energy capacity by 2025 and over 2 GW by 2030. This shift is supported by significant investments in solar and wind projects, including recent acquisitions of 110 MW of solar parks in Greece in late 2024 and additional wind and solar assets in Romania and Bulgaria in 2025. The company is also developing energy storage solutions and expanding its e-mobility initiatives. Formerly known as Hellenic Petroleum Holdings S.A., the company rebranded to HELLENiQ ENERGY Holdings S.A. in September 2022, signaling its commitment to this diversified energy transition. The group provides specialized engineering and consulting services and is headquartered in Marousi, Greece, having been established in 1998.