€1.162 billion adjusted EBITDA… Hellenic Energy revenue up 54%

Greece’s HELLENiQ ENERGY (ELPE) reported third-quarter 2026 adjusted EBITDA of €1.162 billion, more than triple the €365 million posted a year earlier, alongside revenue of €5.113 billion, up 54% year over year. Adjusted net income rose to €808 million from €186 million, though the company noted this metric should be distinguished from IFRS net profit. Management attributed the improvement to elevated benchmark refining margins, flexible crude sourcing, and higher export volumes, with petrochemicals, marketing, and power also contributing. The results were filed on the Euronext Athens exchange listing. Investors will watch whether refining margins hold at these levels and how the petrochemicals, marketing, and power segments perform in the coming quarters.