Slovnaft’s profit fell significantly year-on-year. Nevertheless, it will pay €107 million to the state

• the company’s gross profit, according to its tax return, amounted to €248 million

• Slovnaft will pay €107 million in income tax and a special levy to the state

• The refinery processed 5.9 million tonnes of crude oil, representing a year-on-year increase of 23 per cent. The share of alternative crude oil processed also increased, reaching 1.02 million tonnes

• Investments in 2025 totalled €137 million, with the company planning to invest a further €170 million this year

Bratislava, 1 July 2026 – Slovnaft closed 2025 with results that were significantly influenced by the challenging conditions in the energy market. According to its tax return, profit before tax stood at €248 million, representing a year-on-year decline of 37 per cent. The company will pay €107 million to the state, of which €60 million is in income tax and €47 million via a special levy. The company is also paying the special levy in 2026 and had already paid €36 million by June. According to the tax return, Slovnaft’s net profit for 2025 will thus stand at €187 million, which represents less than 3% of the company’s total turnover of €6.7 billion.

In 2025, the refinery processed 5.9 million tonnes of crude oil, representing a year-on-year increase of 23 per cent. The share of alternative crude oil processed also increased, reaching 1.02 million tonnes. Production capacity achieved a high level of reliability – the highest in the last one and a half decades – which was reflected in rising production volumes in both the refining and petrochemical segments.

Sales of motor fuels reached 4.2 million tonnes, representing over 5 billion litres of petrol and diesel. This result was driven primarily by export markets. The petrochemicals segment also recorded dynamic growth, with sales of plastics rising by more than 40 per cent year-on-year.

Retail continued to be a stable pillar of the company’s business and an important point of contact with customers in 2025. Slovnaft operated 239 petrol stations and continued to develop the Fresh Corner concept, which has become a strong brand in the ancillary services and catering segment. Coffee sales once again approached the 10 million-cup mark, and customers purchased more than 7 million hot dogs.

The company continued to invest €137 million, channelling funds primarily into improving production reliability, process efficiency and projects supporting the transition towards a sustainable future. For 2026, the company has planned investments exceeding 170 million euros. By 2030, the company is assessing the possibility of increasing annual investments to over 300 million euros.

“The results for 2025 reflect the challenging environment in which the European refining sector has been operating. Even during this difficult period, the company has made a positive contribution to the smooth supply of products to the region and to its energy stability. Despite a sharp decline in profitability, we managed to maintain stable operations thanks to a number of internal measures. We continued to diversify our crude oil processing, develop our petrochemicals business and test alternative feedstocks, including bio-components and recycled inputs. These steps enable us to reduce our carbon footprint whilst remaining competitive in the future. “We have major investment plans ahead of us, which will naturally be influenced by market developments as well as conditions in the domestic economy,” says Gabriel Szabó, Chairman of the Board of Directors and Chief Executive Officer of SLOVNAFT, a.s.

According to an official assessment by the Slovak Financial Administration, SLOVNAFT, a.s. ranks among the country’s most reliable taxpayers. Over the past four years, the company has paid more than one billion euros into the state coffers in direct taxes alone. The company has paid a further approximately one billion euros in employee contributions, emission charges and payments, primarily to state organisations, for the transport of energy carriers.

“We are one of the few companies in Slovakia to have signed a Memorandum of Cooperation with the Slovak Financial Administration. One of the most important conditions for signing it is the company’s high level of reliability in fulfilling its obligations to the state. We have been fulfilling these correctly, properly and on time for years,” added Gabriel Szabó.