Orlen shares rise as strong refining gains help offset asset impairment charges

Orlen shares rose today after strong refining margins helped the energy group beat core profit estimates. This performance offset asset impairment charges.

Insights:
Polish energy group Orlen reported stronger-than-expected adjusted EBITDA LIFO for the fourth quarter of 2025, driven by robust refining margins. The company’s core earnings reached 12.15 billion zlotys, surpassing the analyst consensus of 11.4 billion zlotys. This performance lifted the company's shares by approximately 2.2 percent and helped push up the WIG20 index in Poland PLPL.
FILE PHOTO: The logo of Orlen (PKN.WA), Poland's largest refiner, is seen at a petrol station in Bialystok, Poland, on October 2, 2023. REUTERS/Kacper Pempel/File Photo
FILE PHOTO: The logo of Orlen (PKN.WA), Poland's largest refiner, is seen at a petrol station in Bialystok, Poland, on October 2, 2023. REUTERS/Kacper Pempel/File Photo
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