In Q4/2022, the group generated RON306.7 million profit, down 60% year-on-year and 40% lower than in the previous quarter.
Consolidated net profit ratio (19.02%), consolidated EBIT ratio (22.23%) and EBITDA ratio (26.34%) decreased as compared to 2021 (32.72%; 35.86% and 47.58% respectively) mainly due to overtaxing the Group’s main activity segments.
The company’s turnover totalled RON13.4 billion in 2022, 128.6% above the 2021 level, while total liabilities climbed by 87% to RON4.3 billion. Own capitals topped RON10 billion, up 12.2%. also, the company earmarked around RON1.5 billion for dividends.
The revenue growth resides in a 124.61% increase of revenue from sales of gas produced by Romgaz and of gas purchased for resale, as well as a 313.75% increase of revenue from electricity sales and 80.51% increase of consolidated revenue from storage services.
„As of 2022, a solidarity contribution was introduced for gas producers, as Council Regulation (EU) 2022/1854 of 6 October 2022 on an emergency intervention to address high energy prices was implemented in the Romanian legislation; the tax for 2022 is estimated at RON 995.65 million,” reads the company’s report.
In August 2022, Romgaz finalised the acquisition of ExxonMobil Exploration and Production Romania Limited shares (currently Romgaz Black Sea Limited) which holds 50% of the rights and obligations under the Petroleum Agreement for the eastern area, deep water zone of Neptun XIX offshore block in the Black Sea. The final acquisition price was RON 5,118.99 million.
The company’s shares have added 5% in the past year, amid deals worth RON571 million.
(English version by Catalina Apostoiu)