On Thursday, 18 June, the 26th Annual General Meeting of the Shareholders of Petrolina (Holdings) Public Limited took place.
During the meeting, the audited consolidated financial results for 2025 were extensively presented. According to these results, the total turnover from service stations, commercial customers, and other oil companies amounted to €559,4 million compared to €570,1 million in 2024. Profit before tax amounted to €8,7 million compared to €3,1 million in 2024, while profit after tax from continuing operations amounted to €8,3 million compared to €2,7 million in the previous year. Based on these results, earnings per share from continuing operations are calculated at 9,49 cents compared to 3,11 cents in 2024.
Regarding the Company's long-term dividend policy, the General Meeting, taking into account the Company’s prospects, approved the Board of Directors’ proposal for the payment of a final dividend of 2,0 cents bringing the total dividend for the year to 4,2 cents per share or 12.3% on the nominal value of the share.
Dinos Lefkaritis, Executive Managing Director (CEO) of Petrolina, delivering the address of Executive Chairman Mr. Marios Lefkaritis, emphasized that: “Our Group's goal remains the preservation of its financial resources, the enhancement of its competitiveness, and the strengthening of sustainable development prospects within the framework of the Environment – Society – Governance triad. Our Group continues to actively invest in these areas, maintaining a longstanding commitment to Cypriot society, which will continue in the future as a sincere appreciation for our country.”
Lefkaritis emphasised that “2025 was another challenging year for businesses, both internationally and locally, marked by heightened uncertainty and instability. International conflicts and hostilities invariably disrupt markets, fuel inflationary pressures and weaken economic growth.”
He then referred to the two major milestones that shaped the Group’s course during the year, “Firstly, the successful completion of the acquisition of 100% of ExxonMobil Cyprus Limited through our wholly owned subsidiary, Med Energywise Ltd, after obtaining all required approvals from the Commission for the Protection of Competition. The transaction was completed on 30 January 2026 and, following the change in ownership, the company was renamed to eWise Cyprus Ltd. Its integration into our Group has already been completed smoothly and efficiently. We believe that the addition of the ESSO brand to the Petrolina Group, beyond the benefits arising from economies of scale across the supply chain, will create new opportunities for growth and expansion, while further strengthening our Group’s long-term development prospects.”
Secondly, the passing in October 2025, at the age of 82, of our long-serving Executive Chairman, the late Κostakis Lefkaritis, who left an indelible mark on the growth and development of our Group. Through his vision, foresight and unwavering dedication, Κostakis Lefkaritis was a source of inspiration to the Lefkaritis family and a driving force behind the expansion and success of the Petrolina Group. On behalf of the Board of Directors of Petrolina (Holdings) Public Limited, I would like to express our profound gratitude and deepest appreciation for his many years of distinguished service and invaluable contribution to our Group,” he said.
Lefkaritis concluded by referring to the Group’s involvement in new infrastructure projects with a long-term horizon, aimed at ensuring business continuity. In this context, he highlighted the ongoing development and promotion of the “Larnaka: Land of Tomorrow” project, which aims to unlock the potential of the Group’s privately owned properties along Larnaca’s northern coastal front.
In closing, he expressed his sincere thanks and appreciation to all members of the Board of Directors, Management, service station owners, employees, auditors, legal advisors, and all stakeholders who always support Petrolina’s large family for their contribution to the smooth operation of the company's activities. He also extended special thanks to all the company's shareholders for their continued trust. “It is within this framework of responsibility and trust that all our efforts are focused on achieving corporate strategic goals and seizing opportunities for the benefit of all shareholders,” he said.
