Petrol AD reports loss amid challenging market conditions

SOFIA - Petrol AD, a major player in the Bulgarian fuel market, disclosed its interim consolidated financial statements for the period ending March 31, 2025, revealing a loss for the quarter. The company, which trades under the ticker 74JJ, reported a revenue of BGN 108,691,000, down from BGN 114,382,000 in the same period last year.

The financial statements show that Petrol AD faced a loss before tax of BGN 1,664,000, slightly higher than the BGN 1,400,000 loss reported for the same period in 2024. The total comprehensive loss for the period stood at BGN 1,665,000, marginally higher than the previous year’s BGN 1,583,000.

Petrol AD’s balance sheet as of March 31, 2025, indicates non-current assets totaling BGN 243,592,000 and current assets of BGN 126,633,000, leading to total assets of BGN 370,225,000. The company’s equity amounted to BGN 19,464,000, a slight decrease from BGN 21,129,000 at the end of December 2024.

The company’s liabilities include loans and borrowings totaling BGN 270,478,000, of which BGN 26,081,000 are current. The financial position also reflects non-current liabilities of BGN 254,793,000 and current liabilities of BGN 95,968,000.

Petrol AD’s cash flows from operating activities generated BGN 9,186,000, while investing activities used BGN 7,407,000. Financing activities brought in a net amount of BGN 1,101,000. Consequently, the net decrease in cash flows during the year was BGN 61,000, with cash and cash equivalents at the end of the period totaling BGN 1,546,000.

The company’s performance is influenced by various factors, including macroeconomic conditions, competition, and commodity price volatility. The management is actively managing risks related to the challenging market environment, including potential impacts from geopolitical uncertainties and inflation rates.

This financial summary is based on a press release statement from Petrol AD. The company’s activities include trading in petrol products, non-oil products, merchandise, and services, with operations primarily based in Bulgaria. Petrol AD’s financial results reflect the broader economic challenges faced by the industry and underscore the importance of strategic management in navigating a complex market landscape.

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