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    Energy minerals

  3. •

    Oil refining/Marketing
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.

66.60
EUR
-0.60
(-0.89%)
10.83EPS
3.61P/E
4.24BMarket Cap
Nov 25Next Earn
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A.
GETTEX:MHZ
(Gettex)

Recent

price

66.60

P/E

ratio

3.61

div

yld

2.28%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
55.82
78.89
87.4
83.79
81.69
63.73
57.38
70.8
85.93
84.6
55.3
92.93
151.47
122.74
112.82
106.01
126.8
Revenue per Share
1.49
1.29
0.71
-0.04
-0.75
1.85
2.69
2.85
2.32
2.03
-0.98
1.83
8.82
7.43
2.62
5.98
10.81
Basic EPS, GAAP
1.21
-2.59
2.31
0.9
0.99
2.15
3.41
2.72
2.95
2.9
-3.74
-0.44
7.94
4.57
0.18
2.03
9.23
Free Cash Flow per Basic Share
0.5
0.25
0.4
0.3
0.2
0.15
0.7
1
1.35
1.3
0.8
0.2
1.11
1.64
1.44
1.46
1.52
Dividend per Share
4.15
4.94
5.14
4.7
3.72
5.44
7.42
9.13
9.98
10.66
9.09
10.71
18.77
24.64
25.12
30.46
35.73
Book Value per Share
3.64
4.45
4.66
4.25
3.29
5.01
7.02
8.76
9.47
10.13
7.85
7.52
10.83
16.49
17.1
22.21
27.68
Tangible Book Value per Share
111
111
111
111
111
111
111
111
111
111
111
110
110
108
108
108
108
Basic Weighted Avg Shares
6,184
8,739
9,682
9,282
9,050
7,060
6,357
7,843
9,520
9,373
6,120
10,267
16,631
13,317
12,188
11,482
13,741
Sales/Revenue/Turnover
2.64
2.83
1.79
0.77
-0.01
5.78
7.53
7.09
4.24
3.67
-0.59
3.17
9.16
8.49
5.26
4.48
9.5
Operating Margin (%)
74
92
92
93
98
100
98
105
103
135
143
169
180
247
260
286
296
Depreciation Expense
165
143
79
-5
-83
205
298
315
257
225
-109
202
968
806
283
648
1,171
Net Income, GAAP
21.79
21.57
24.09
122.8
- -
32.32
30.53
30.37
28.33
26.1
- -
21.63
37.9
22.32
55.19
21.33
21.61
Effective Tax Rate (%)
2.66
1.63
0.82
-0.05
-0.92
2.9
4.69
4.02
2.7
2.4
-1.78
1.97
5.82
6.05
2.33
5.64
8.52
Profit Margin (%)
-434
-123
-63
139
142
705
929
843
819
878
572
839
1,118
1,560
1,501
1,313
2,151
Working Capital
295
505
514
717
827
1,108
1,093
806
752
977
1,188
1,910
2,556
2,622
2,618
2,237
2,411
LT Debt
461
548
571
522
413
604
824
1,019
1,112
1,189
1,012
1,191
2,138
2,771
2,759
3,356
3,923
Total Equity
10.43
11.97
7.56
-1.26
- -
14.63
17.14
17.51
13.83
11.95
- -
8.94
21.42
15.64
5.54
10.15
17.43
Return on Invested Capital (%)
16.28
12.41
7.92
-1.37
- -
14.8
17.87
18.41
14.27
12.12
- -
8.68
23.98
16.8
5.97
12.27
21.26
Return on Capital (%)
40.63
28.37
14.14
-0.86
-17.87
40.38
41.87
34.37
24.32
19.68
-9.97
18.47
60.06
34.23
10.52
21.5
34.93
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
715
728
212
LT Borrowings
2,020
1,804
2,184
LT Finance Leases
217
229
227
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
108
108
109
Market Capitalization
3,339
4,123
4,236

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,316
4,144
4,066
Cash, Cash Equivalents & STI
1,373
1,498
1,808
Accounts Receivable, Net
895
1,329
1,210
Inventories
907
1,259
971
Total Current Liabilities
2,003
2,732
1,914
Payables & Accruals
- -
- -
- -
ST Debt
715
728
212
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.93%
29.61%
21.65%
Free Cash Flow
-124.11%
-211.45%
1,055.67%
Net Income, GAAP
1.31%
28.24%
128.48%
Sales/Revenue/Turnover
9.41%
19.11%
-5.79%
Total Cash Common Dividend
80.58%
81.01%
1.78%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,979
3,259
3,131
2,819
12,188
2025
2,679
2,587
3,211
3,006
11,482
2026
3,359
4,165
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.76
1.56
-1.28
0.59
2.62
2025
0.78
0.72
2.66
1.82
5.98
2026
3.07
3.26
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.44
2025
0.31
- -
1.12
0.03
1.46
2026
0.36
- -
- -
- -
- -
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Business
Motor Oil (Hellas) Corinth Refineries S.A. engages in oil refining and the trading of petroleum products in Greece and internationally. Founded in 1970 and headquartered in Marousi, Greece, the company operates through four main segments: Refining Activity; Fuels' Marketing Activity; Power and Gas; and Other. Its Corinth Refinery, one of Europe's most modern facilities with a capacity of 186,000 barrels per day and a Nelson Complexity Index of 12.61, produces a full range of refined products including light ends, gasoline, middle distillates, diesel, fuel oil, bitumen, paraffin, sulfur, base oils, and lubricants that comply with stringent European and international specifications such as ACEA and API; it also markets these through retail networks like Avin, Shell, and Cyclon comprising over 1,500 gas stations across Greece and eight other countries, supplies liquefied petroleum gas, operates aircraft fueling at Athens International Airport, and provides storage with 2.5 million cubic meters capacity served by a sea terminal for ultra-large crude carriers. The company collects and trades used lubricants, conducts crude oil exploration and trading including in Egypt, and engages in real estate exploitation, waste management, facilities management, airport technical consulting, and financial services; it exports to over 75 countries and employs more than 3,000 people across over 100 subsidiaries. Recent developments include a July 2025 strategic partnership with GEK Terna to merge electricity and natural gas supply activities into UtilityCo, contributing its nrg retail provider, 50% stake in the 877 MW Komotini CCGT, and cash for equal ownership pending completion in early 2026; a 2024 acquisition of stakes from Ellaktor S.A. via subsidiary Manetial Limited; and a April 2025 joint venture with Premier Energy through subsidiary MORE for hybrid solar power plants totaling 86 MW with 18 MW storage in Romania, alongside pursuits of green energy opportunities in Bulgaria, Serbia, and Croatia.