Oil Resource Group has published its financial results for the first 9 months of 2024 according to Russian Accounting Standards.

The revenue of Oil Resource Group LLC amounted to 15 billion rubles, which is 2.2 times higher than in the same period last year. The net profit was 104 million rubles. EBITDA for 9 months 2024 amounted to 384 million rubles. LTM EBITDA amounted to 492 million rubles.

In the fuel segment of the group of companies, the volume of oil product supplies increased to 360 thousand tons, which is 1.8 times more than in the same period last year. The growth was due to the signing and execution of a number of large long-term contracts, as well as the increase in working capital from the bond issue.

In May 2024, Oil Resource Group LLC successfully completed the placement of BO-01 series exchange-traded bonds in the amount of 1 billion rubles with a maturity of three years on the Moscow Exchange platform. The company used the funds raised to replenish working capital and scale up trading activities in the oil products and hydrocarbons segment.

The group of companies’ indicators correspond to the selected long-term development strategy and the holding’s financial model.