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Petrolina Profit Rises To €8.3M In 2025, Dividend Proposed

Robust Financial Performance

Petrolina (Holdings) Public Limited reported consolidated profit after tax of €8,300,087 for the year ended December 31, 2025, compared with €2,725,272 in 2024, indicating a higher level of profitability year on year. At the same time, profit before tax reached €8,726,827, up from €3,070,903 in the previous year, according to the consolidated management report.

Dividend Policy And Shareholder Returns

Following this performance, the board proposed a final dividend of 2.0 cents per share, corresponding to a 5.88% payout, in addition to interim dividends of 1.0 cents and 1.2 cents paid in November and December 2025. Approval of the dividend remains subject to the upcoming annual general meeting.

Strategic Expansion And Market Diversification

Operations include 95 service stations in Cyprus and 223 in Greece through the subsidiary Silk Oil, indicating the group’s presence across both markets. Expansion continued with the acquisition of ExxonMobil Cyprus Limited on January 30, 2026, which was subsequently renamed eWise Cyprus Ltd and allows Petrolina to supply Esso-branded products in Cyprus.

Commitment To Innovation And Renewable Energy

Alongside its core operations, the company is expanding into renewable energy through the rollout of electric vehicle charging stations under the “pcharge” brand. Infrastructure developments include a new station in Frenaros, upgrades to point-of-sale systems, and the relocation of fuel storage and LPG facilities to Vassiliko.

Managing Geopolitical And Market Challenges

External conditions continue to affect operations, particularly developments in the Middle East and disruptions in energy supply routes such as the Strait of Hormuz. In response, sourcing has shifted toward Greek refineries and partners in the Eastern Mediterranean, while trade measures introduced in 2025 have increased costs related to imports, financing, and inventory.

Looking Ahead

The results combine higher profitability with continued expansion across operations and infrastructure. At the same time, sourcing adjustments and cost pressures reflect current conditions in energy markets and international trade.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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