Omv Ag (OMVJF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to OMV's earnings call for the fourth quarter 2025. With me on the call are OMV CEO Alfred Stern and our CFO Reinhard Florey. Alfred and Reinhard will walk you through the highlights of the quarter and discuss OMV's financial performance. Following their presentations, the two gentlemen will be available to take your questions. And with that, I'll hand it over to Alfred. Thank you, Florian. Ladies and gentlemen, good morning and thank you for joining us. Before I discuss the details of our fourth quarter performance, I would like to briefly reflect on the operational and strategic highlights of last year. Despite the challenging economic and geopolitical backdrop, we achieved a strong performance across our three business segments. In energy, we were able to almost reach the prior year oil and gas production level if we exclude the divestment of the Malaysian business. We slightly increased our fuel sales volumes, reinforcing our position as a supplier of choice in the downstream sector. And in chemicals, Total polyolefin sales volumes, which include the joint ventures, rose by 3% year-on-year, underscoring our product's strength in a challenging market environment. Our clean CCS operating result reached a strong €4.6 billion, however decreased by 10% compared to the prior year quarter. Importantly, despite the difficult backdrop our cash flow from operations, The basis for shareholder distributions amounted to 5.2 billion euros and thus was just 4% lower than the year before. This resilience demonstrates again the strength of our integrated business model delivering robust cash flows in a volatile market environment. A particular achievement worth noting is that by the end of 2025, we have already surpassed 70% of our effi...