E-Dynamic Structures SRL dropped the lawsuit against JT Group Oil SA
The fuel distributor continued its activity without interruption, demonstrating stability and commitment girl of projects its of INVESTMENT
JT Grup Oil, a major company in the energy sector, recently announced a positive development in the litigation with E-Dynamic Structures SRL, reaffirming its solid position in the industry. According to the report of March 17, 2025, the Constanța Court registered the decision of the judicial administrator of E-Dynamic Structures SRL to abandon the request to open insolvency proceedings against JT Grup Oil SA
The decision, based on the lack of basis of the request, offers JT Grup Oil the opportunity to continue its activity in a climate of stability, without legal pressures that would affect the implementation of its business objectives. Throughout the entire duration of the litigation, the Group continued its activity both in terms of the implementation of ongoing investment projects and the implementation of the share buyback program, reflecting JT Grup Oil's commitment to stability and growth.
"The recent decision to drop the insolvency petition against JT Grup Oil reflects the sustainability and resilience of our business model. Over the years, we have demonstrated that we can overcome challenges without compromising the pace of implementation of our strategic projects. This year we will continue to invest in the development of the already existing infrastructure, and here I am referring to JT Terminal, the most modern private terminal for liquid petroleum products on the Black Sea, and the modernization of the JT Danube barge, to offer efficient and modern solutions to our customers.", A declared Bogdan Village, CEO JT Group Oil.
Currently, JT Grup Oil continues its activities, focusing on the development of ongoing projects and consolidating its position on the market. With a turnover ofof 179.76 million lei, recorded in the first nine months of 2024 and listed on the AeRO market, the company maintains its long-term strategic objectives. In 2024, the company recorded a net profit of 5.89 million lei, marking an increase of 69% compared to the same period of the previous year. The company's performance was driven by a 42% increase in operating profit and a 1ti% advance in fuel sales volume, from 26.4 million liters to 29.8 million liters. The policy of expanding market share and consolidating the supply process was also supported by a significant increase in inventories, recording a percentage of 21.4ti%.
The works at JT Terminal are proceeding according to the planned pace, two of the 1,000 ton tanks, along with three other 5,000 ton tanks are already completed, marking significant progress in the implementation of the project. Also, the command center is now fully furnished and equipped, being ready to manage the complex operations of the terminal. This progress underlines the constant and sustained efforts towards the completion of the terminal. Also, the security installations have been installed, and the CFR structure, the execution of the CFR and car trestle canopy, as well as the installation of the command center have been completed.
In parallel, JT Grup Oil is working on the modernization and transformation of the JT Danube barge into a floating terminal. This innovative project is designed to contribute to the efficiency of petroleum product transport and distribution services in the western part of the country, offering a modern logistics solution adapted to market requirements.
Bogdan Village, CEO JT Group Oil, add: "We are employee IN A process STEADY of consolidating our presence on the energy market and we have ambitious plans to expand on short and medium term. All initiatives will support our objective of positioning Romania as a key energy hub in Central and Eastern Europe, having a positive impact on security energy efficiency and sustainability of the regional market. We are dedicated to developing an ecosystem innovative and competitive energy system, which will meet the future demands of the industry and support TRANSITION by source of energy efficient.”
During 2024, the company made investments of over 19 million lei, the money being allocated to the completion of the development of JT Terminal, a strategic project of JT GRUP OIL. In addition, the Group continued its investment policy, also focusing on the modernization of the car fleet through the acquisition of new fuel transport trucks, which allowed an increase in stocks, due to the acceleration of the supply process.
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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 10 tankers with a capacity of up to 40,000 liters, equipped with pumps and indicators for measuring the quantity delivered. For fuel distribution in the northern part of the country, the company has partnerships with representatives of the business environment, long-term collaborators.
Over the past ten years, the company's profit has been 51 million lei, reflecting a solid and sustainable financial performance. Also, the turnover in the last five years has registered a constant increase from 171 million lei in 2019 to 224 million lei in 2021, 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. During 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 over 250 tanks equipped with pumps and level indicators to the market. Since 202ti, 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.
