Publication of MOL Group’s Q1 2026 results

Chairman-CEO Zsolt Hernádi commented:

“The geopolitical uncertainties, supply security challenges and governmental interventions that defined last year intensified further in the first quarter. The conflict in Iran, the outage of the Druzhba pipeline, and price regulations all over the region have tested our resilience.

Taking all of this into account, I am very proud of MOL Group’s performance and despite all the challenges we closed a strong quarter. This is thanks largely to our internal performance and our resilient and integrated business model. It is a major achievement that we do not need to change our financial guidance for this year and that we are on track to meet all our targets.

On top of this I am pleased that we were able to ensure the region’s security of supply even during the exceptionally and unprecedently long suspension of the Friendship Pipeline. This is thanks to the diversification strategy we announced ten years ago in which we are investing 500 million dollars to developing the Southern supply route. By continuing this and spending an additional 180 million dollars to make a product pipeline connection between the refineries in Hungary and Slovakia we will ensure full refinery flexibility and a higher level of integration. This will allow us to always make the best possible decision when it comes to crude or product supply.

Our goal has always been to build a Central and Southeastern European supply security ecosystem in which the synergies between refineries and energy infrastructures are maximized. The recently commissioned Delayed Coker Unit in Rijeka, the largest investment in the history of our Croatian company, INA, and the aim to purchase NIS are prime examples of this: we are committed to the region for the long term and take responsibility for every country.”

For further information, please contact Investor Relations:

Tel:                   +36 1 464 1395

Email:               investorrelations@mol.hu