In first half of 2025 ORLEN Lietuva produced 4.5 million tons of products – 132 thousand tons more than in same period last year. This result was achieved due to failure-free production and smooth sales of quality products from Mažeikiai refinery.
Inland sales in first six months of 2025, if compared to first six months of 2024, were 8% higher with notable exception being home market in Lithuania where sales dropped by 12% possibly due to changes in tax environment.
“We continue to serve stable energy supply to our clients in our key markets in Baltics countries. I am proud to say that our team has done a good job, considering current refining margins on the global market. Our team also ensured high operational availability of our production facilities, performed a planned spring shutdown with efficiently and within the set deadlines. In the first half of the year, we also consistently implemented our high-volume development projects, which will step by step transform our company in line with market expectations. But in this regard, we still have a long and complex way ahead of us.“ – said ORLEN Lietuva general director Zbigniew Paszkowicz.
Due to macro-economic conditions in the market, higher output did not translate to higher revenue. In half a year ORLEN Lietuva received 2.979 billion USD in revenue – 13% or 436 million USD less than in first half of 2024.
In first half of the year the company recorded an impairment loss of 116.2 million USD in line with changes in the macro-economic environment and forecasted oil price volatility and it had an impact on financial performance. This decision resulted in negative EBITDA LIFO of -51.4 million USD. It was an exceptional factor with no direct impact on day-to-day operations. The operating result, excluding impairment loss, remained positive with EBITDA LIFO of 64.8 million USD.
ORLEN Lietuva team is continuing work on its main upgrade – 1 billion investment in deep residual oil conversion unit. This newest addition to refinery is also known as Bottom of the Barrel. This investment will allow more and higher value-added products to be produced from the same amount of raw material, reducing or eliminating production of fuel oil.
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, and Mockava railway terminal, an important transshipment station for the smooth export of products.
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. ORLEN Group today operates in more than 10 markets.
ORLEN Lietuva inf.