JT GRUP OIL announces notable performances for 2024. The company recorded a turnover of 229,814,210 RON and a 79.62% increase in net profit
Strategic infrastructure investments, coupled with an increase in inventories of over 200%, supported the Group's remarkable performance in 2024
JT GRUP OIL, one of the emerging leaders in fuel distribution in Romania, announces significant financial and operational results for 2024. In a challenging economic context, the company managed to increase its performance, demonstrating resilience and a clear strategic vision, which support expansion and adaptation to a constantly changing sector, characterized by high price volatility, amplified by changes in the global energy market.
At the end of 2024, turnover increased by 2,4%, reaching 229,814,210 RON, a remarkable result in a market marked by fluctuations in fuel prices. This positive development is also supported by a policy focused on increasing sales volumes and consolidating market share. In addition, net profit recorded a spectacular increase of 79,62%, touching 10,300,187 RON and demonstrating the operational efficiency and success of the adopted commercial strategy. Also, the profitability of the current activity is supported by the operating result, which in turn increased by 48,34% compared to 2023.
"At the end of 2024, we reported a total asset value of 129,371,528 RON, an increase of 14,682,343 RON compared to the beginning of the year, an evolution also supported by the increase in current assets with 10,177,614 RON, generated mainly by inventories and trade receivables, the increase in fixed assets by 5,340,866 RON, reflecting investments in infrastructure and fleet, and the optimization of upfront expenses, which decreased by 836,137 RON.”, adds Steluța Lebidov, CFO JT GRUP OIL
JT GRUP OIL continued its investment policy in 2024, focusing on fleet expansion and infrastructure modernization. The company acquired 4 vans, 3 tankers and an electric car, thus contributing to the efficiency of logistics processes and the reduction of environmental impact. Investments were also made in corporate development, the expenses associated with the listing process being reflected in the increase in intangible assets by 645,170 RON.
Increase in stocks with 203,87% and the increase in trade receivables were the result of the acceleration of the supply process and the increase in sales volumes, highlighting a solid supply chain management strategy.
"In 2024, the market was influenced by the increase in demand for fuels, especially from the industrial and agricultural sectors, but also by a growing interest in sustainable energy solutions. In this context, operators that invested in modern infrastructure, the optimization of logistics chains and the development of flexible commercial policies, such as JT GRUP OIL, managed to differentiate themselves and achieve solid growth.", adds Bogdan Aldea, Chairman of the Board of Directors and General Manager of JT GRUP OIL
The distribution network: a strategic pillar
JT GRUP OIL has introduced 270 tanks to the market, using modern monitoring and inventory management technologies. This extensive network allows the company to offer personalized and efficient solutions to customers in the agricultural, industrial and transport sectors, maintaining a high standard of quality and safety. Also, commercial flexibility, reflected in the adaptable pricing policy and advantageous payment terms (advance or term), contributed to customer loyalty and attracting new partners.
Last year, the Group took an important strategic step by building an authorized fiscal warehouse, which allows direct delivery of diesel to ships, optimizing logistics processes and improving the services offered to customers in the maritime industry. Continuing on the line of expansion and innovation, in 2024 JT GRUP OIL invested in the acquisition and modernization of the largest vessel previously used for bunkering operations in the port of Constanta. Already integrated into JT GRUP OIL operations, the JT DONAU TERMINAL vessel, with a capacity of 4,000 tons, ensures greater flexibility and efficiency in operations, while supporting the company's sustainable growth in the energy sector.
Objectives for 2025 and development directions
The company is pursuing a 50% increase in sales volume in 2025, by attracting new customers and expanding the SKID station network. In the coming years, JT GRUP OIL aims to double the traded volume and increase market share, by diversifying supply and distribution channels, as well as by increasing storage capacity for energy resources.
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About JT Grup Oil SA
JT Grup Oil SA carries out fuel distribution operations in the South-East of Romania with the help of its own fleet of 14 tankers with a capacity of up to 40,000 liters, equipped with pumps and indicators for measuring the quantity delivered. For the distribution of fuels in the northern part of the country, the company has partnerships with representatives of the business environment, long-term collaborators.
Over the past five years, the company's profit has been 34 million lei, reflecting a solid and sustainable financial performance. Also, the turnover over the past five years has registered a constant increase from 171 million lei in 2019 to 229 million lei in 2024, which demonstrates the company's ability to adapt to market demands, innovate and optimize its operations to drive continued growth and long-term success.
Founded in 2001, JT Grup Oil SA is one of the most important companies operating in the fuel distribution market and the developer of the first private petroleum products terminal in Romania in the port of Constanța. In 2004-2005, it built a bitumen terminal in Medgidia, which it sold shortly after the reception, and the money obtained from the sale was invested in the development of the fuel distribution network. In 2008, the company began to develop the distribution network and introduced 270 tanks equipped with pumps and level indicators to the market. Since 2023, JT Grup Oil SA has diversified its product range, and has accessed the excise-free diesel segment, which serves commercial vessels for the ports of Midia and Constanța.
