In 2025, NIS Group faced significant operational challenges yet managed to sustain its domestic petroleum supply and maintain employee social stability. The company’s performance was notably impacted by US Treasury sanctions, which, alongside fluctuating market conditions, shaped its financial outcomes during the year.
The average Brent crude price fell to $69.1 per barrel, a decrease of 14% from the previous year, contributing to a difficult financial landscape for the group. Additional hurdles included high costs associated with oil inventories and substantial asset impairments in Bulgaria and Romania. Notably, HIP-Petrohemija, a subsidiary, reported a loss of €87.5 million in 2025, further straining the group’s overall performance.
Despite these adversities, NIS achieved a positive EBITDA of €189.1 million and allocated €239.4 million towards development initiatives across various sectors including exploration, production, and retail network expansion within Serbia. The company also initiated a program focused on constructing solar power plants at its facilities, reflecting a commitment to diversifying energy sources amid challenging market conditions.
Financially, NIS reported total taxes and public revenues amounting to €1.76 billion for the year. Furthermore, the company reduced its bank indebtedness by 29% compared to 2024, ending the year with a debt level of €396.3 million. However, these efforts were overshadowed by a net loss of €47.7 million for the year.
Operationally, NIS produced 1.124 million tons of oil and gas equivalent and processed approximately 3.095 million tons of crude oil and intermediate products. The company also sold around 3.023 million tons of petroleum products, indicating its continued role as a key player in Serbia’s energy sector despite facing numerous challenges.
