Petrolina (Holdings) Public Limited posted a dramatic jump in profits for 2025, with net income reaching €10.2 million compared to €1.6 million the previous year, the company announced Wednesday in a filing to the Cyprus Stock Exchange.
The result comes on the back of a modest increase in total revenue, which rose to €399 million from €385.3 million in 2024. Petrol station and commercial customer sales dipped slightly to €350.1 million from €352.5 million, while sales to other petroleum companies climbed sharply to €48.9 million from €32.8 million, driving the overall revenue gain. Gross profit increased to €55.7 million from €51.9 million, while financing costs fell significantly to €4.9 million from €7.4 million, giving an additional boost to the bottom line. Selling and distribution expenses rose to €43.9 million from €40.9 million, while administration costs edged down to €10.3 million from €10.5 million. During the year, the company operated 95 fuel stations across Cyprus, 22 of which sit on land it owns outright.
On dividends, the board recommended a final dividend of 2.0 cents per share, or 5.88%, subject to approval at the Annual General Meeting. This follows a first interim dividend of 1.0 cent per share paid in November 2025 and a second of 1.2 cents per share paid in December 2025.
The scale of Petrolina's profit surge is notable in an industry where margins are famously tight. Fuel station retailers typically earn a net profit of around $0.03 to $0.07 per gallon after accounting for wholesale costs, taxes and credit card processing fees, with fuel distributors operating on similarly narrow margins. In the United Kingdom, fuel margins for non-supermarket retailers averaged 11.1 pence per litre in 2025, up from 10.8 ppl the year before, prompting the Competition and Markets Authority to warn that margins remain at persistently high levels that cannot be explained by operating costs. At the larger end of the market, US refiner Marathon Petroleum reported net income of $1.5 billion for the fourth quarter of 2025 alone, generating cash from operations of $8.3 billion across the full year.