JT Grup announces solid financial and operational results for the first quarter of 2025
The company reports an increase in equity of 60,06% in Q1 2025
JT Grup Oil SA, a major player in the Romanian fuel distribution market, demonstrated solid adaptability in a challenging economic context in the first quarter of 2025. Through well-calibrated strategies and prudent resource management, the company managed to maintain operational stability and consolidate its strategic position, despite external pressures and market fluctuations.
As of March 31, 2025, the Group reported an increase of 11,15% in inventories, generated by the acceleration of the supply process, a measure that ensures operational continuity and the company's ability to promptly respond to customer requirements, in the context of a volatile fuel market. At the same time, responsible management of receivables led to an increase of 1,30%, the majority of which is represented by trade receivables, a sign of the stability of commercial relations and the constant flow of receipts. The increase in receivables from RON 58,153,918 in March 2024 to RON 58,911,268 in March 2025 confirms the company's prudent approach to managing risks associated with the operational cycle.
Steluța Lebidov, CFO of JT Grup Oil, points out: "A remarkable aspect of this quarter is the significant increase in cash availability, which recorded an advance of 316,67%. This result underlines both the operational efficiency of JT Grup Oil and the company's ability to generate liquidity through an optimization of financial flows, thus providing increased flexibility in making strategic decisions. The super-unit value of the current liquidity indicator (1.56), up from the previous period, positions us in a favorable situation to support investments in planned expansion projects and to strengthen resilience in the face of future market challenges. And the increase in the financial solvency indicator from 1.87% to 2.57 % reflects a significant improvement in the financial position, due to the increase in assets and the reduction in the degree of indebtedness as a result of the repayment of the company's loans."
Also, in the first quarter of 2025, JT Grup Oil continued to implement its strategic share buyback program, thus strengthening its strategy of aligning the interests of the team with those of the shareholders. Moreover, in the first quarter of this year, JT Grup Oil won the lawsuit with E-dynamics, marking a milestone in the company's legal activity. The litigation, which had both financial and reputational implications, was resolved favorably, confirming the company's strategy in responsibly managing legal challenges. At the same time, this legal victory reinforces the message that JT Grup Oil is a company that not only defends its interests, but also supports a business environment based on mutual respect and ethics. The success of the lawsuit gives the company a stronger position in future negotiations and contributes to strengthening the trust of business partners and stakeholders.
During the period January-March 2025, the Group recorded total revenues of RON 46,546,026, down by RON 6,26% compared to the same period in 2024. Although turnover recorded a decrease of -RON 5,91%, from RON 49,303,785 in the first quarter of 2024 to RON 46,389,599 at the end of March 2025, the quantities of fuels distributed increased by approximately RON 1% due to the fluctuation of fuel prices, reflecting a continuously expanding demand. Furthermore, the gross commercial margin recorded an increase of RON 6,17%, confirming the company's operational efficiency and commitment to adding value to its partners.
The net profit obtained by JT Grup Oil as of 31.03.2025 was RON 542,019, down by RON 48,05% compared to the same period last year. The decrease in net profit in the analyzed period is mainly caused by the increase in personnel expenses by RON 510,353 and the introduction of the specific turnover tax (ICAS) for Romanian and foreign legal entities operating in the oil and natural gas sectors, starting with the fiscal year 2025.
The Group continued to consolidate its stability and autonomy, with total assets increasing by 2.97%, thanks to a significant evolution of current assets and cash availability, which increased more than four times compared to the previous year. At the same time, equity recorded a spectacular increase of 60.06%, an achievement due to the increase in share capital.
Bogdan Aldea, CEO and Chairman of the Board of Directors of JT Grup Oil, points out:"At Group level, we continued to reduce our debt level, thanks to the consistent repayment of long-term debts, thus strengthening the trust of financial partners. The increase in current liquidity and financial solvency confirms the prudent and efficient management of our company's resources, providing a solid basis for expansion. Moreover, in the first quarter of 2025, we continued strategic investments, including in the modernization of the car fleet through the acquisition of new vehicles, and we acquired the JT DONAU TERMINAL vessel, already integrated into the Group's operations. In the long term, we will continue to develop the operational infrastructure and invest in human resources, two essential factors for competitiveness and excellence."
