The first deposit is worth RON200 million, was placed with Banca Comerciala Romana (BCR) and matures on August 18.
The second deposit is worth RON110 million, was placed with Exim Banca Romaneasca and matures on January 12, 2026.
“We mention that, S.N.G.N ROMGAZ S.A has had deposits at each of the two aforementioned banks, with a cumulative value over 12 months exceeding the materiality threshold of 10% of the net turnover related to 2024 financial year,” the report reads.
Romgaz in the first quarter of 2025 generated RON951 million net profit, down 24.6% from the year-earlier period and up 2% from Q4/2024.Turnover reached RON2.38 billion, 4.7% above the level of Q1/2024, while expenses rose by 39.8% to RON1.3 billion. Turnover growth came amid a 14.7% increase in volumes of gas deliveries, with revenues from natural gas sales rising by 4.63% to RON2.09 billion.
SNG shares have traded 62% higher so far in 2025, triggering a market capitalization of RON32 billion.