Petrolina Holdings Public Ltd

Petrolina Reports Strong 2025 Profit Growth, Completes ExxonMobil Acquisition, and Honors Late Chairman at 26th AGM

2026-06-18

On June 18, 2026, Petrolina (Holdings) Public Limited, a leading Cypriot energy group, held its 26th Annual General Meeting, where it reported a robust financial turnaround for 2025, with total turnover reaching €559.4 million and profit after tax surging to €8.3 million from €2.7 million in the previous year, while earnings per share rose to 9.49 cents, prompting the approval of a final dividend of 2.0 cents per share for a total annual dividend of 4.2 cents. In his address, CEO Dinos Lefkaritis underscored the group's steadfast commitment to sustainable growth, competitiveness, and the Environment–Society–Governance triad, even amid global uncertainties and inflationary pressures fueled by international conflicts. He highlighted two pivotal milestones: the successful completion of ExxonMobil Cyprus’s acquisition via subsidiary Med Energywise Ltd in January 2026—now rebranded as eWise Cyprus Ltd and integrated under the ESSO brand to unlock new expansion opportunities—and the passing of long-serving Executive Chairman Kostakis Lefkaritis in October 2025 at age 82, whose visionary leadership profoundly shaped the group's trajectory. Additionally, Lefkaritis reaffirmed the group's forward-looking investments in long-term infrastructure projects like the “Larnaka: Land of Tomorrow” initiative, while expressing gratitude to shareholders, board members, employees, and stakeholders for their continued trust and support in driving the company's strategic goals.