Corporate Profile

Established in 1998, HELLENiQ ENERGY Holdings S.A. is one of the leading energy groups in Southeast Europe, engaged in various activities across the energy value chain and operating in six countries.

The primary shareholders of HELLENiQ ENERGY Holdings are Paneuropean Oil and Industrial Holdings S.A. (40.41%) and the Hellenic Corporation of Assets and Participations (HCAP) (31.18%), while institutional and private investors hold the remaining shares. HELLENiQ ENERGY Holdings S.A. is listed on the Athens Exchange (ATHEX: ELPE) with a secondary listing on the London Stock Exchange (LSE: HLPD) through Global Depository Receipts (GDRs). Additionally, the Group's international bond issue (HEF, 4.25%, due 24 July 2029) is listed on the Luxemburg Stock Exchange.

In 2024, net sales reached €12.8bn and Group Adjusted EBITDA amounted to €1,026m.

The Group's primary business focus is refining, with operations in three out of the four refineries in Greece (Aspropyrgos, Elefsina, Thessaloniki), collectively possessing a total capacity of 342 kbpd. Furthermore, the Group maintains a 60% share in the Greek wholesale oil products market.

Moreover, the Group holds a leading position in the domestic ground fuels marketing business, supported by a retail network of over 1,500 service stations throughout Greece. The Group is also involved in the LPG, industrial, aviation, marine fuels, and lubricants businesses.

In the Southeast European markets, the Group maintains a significant presence in the fuels marketing industry, operating through an extensive network of over 300 service stations in Cyprus, Serbia, Bulgaria, Montenegro, and the Republic of North Macedonia.

The Group is the sole producer of petrochemicals in Greece, primarily engaged in the propylene-polypropylene value chain, commanding a market share exceeding 50% domestically. Furthermore, more than 60% of the Group's sales are derived from exports.

Leading the energy transition, HELLENiQ ENERGY has made substantial investments in renewable energy sources (RES), currently managing a portfolio of 494 MW in operation and over 5.2 GW in various stages of development. The Group aims to achieve 1 GW of operational capacity by 2026 and 2 GW by 2030.

The Group's exploration and production activities primarily focus on Greece, with an exploration portfolio encompassing six offshore areas, either independently or in collaboration with prominent companies in the sector.

HELLENiQ ENERGY is also actively involved in the power and gas sectors through ELPEDISON,  which owns and operates two Combined Cycle Gas Turbine (CCGT) plants in Greece, with a total capacity of 852 MW. Additionally, ELPEDISON maintains presence in the retail electricity market.

Summary Group Structure¹

(1) All companies 100% owned unless otherwise noted
(2) 45% owned through HEI
(3) Includes OPCOs

Note: information updated as of 5 March 2025