Neste Corporation Unsponsored ADR ( (NTOIY) ) has released its Q1 earnings. Here is a breakdown of the information Neste Corporation Unsponsored ADR presented to its investors.
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Neste Corporation, a leader in renewable products and oil refining, has reported its financial results for the first quarter of 2025. The company is known for its innovative approach in producing renewable diesel and sustainable aviation fuel (SAF), contributing significantly to the reduction of greenhouse gas emissions in the energy sector.
Neste’s first-quarter results indicate a challenging start to the year, with a notable decrease in EBITDA compared to the same period last year. The company reported a comparable EBITDA of EUR 210 million, down from EUR 551 million in the first quarter of 2024. This decline was primarily due to lower margins in renewable products and oil refining, despite increased sales volumes. The company’s leverage ratio increased slightly to 38.0% from 36.1% at the end of 2024.
Key financial metrics highlighted in the report include a revenue increase to EUR 5,017 million, driven by higher sales volumes, although offset by lower prices. The renewable products segment saw a decrease in comparable EBITDA to EUR 72 million, impacted by weaker margins and high feedstock costs. Meanwhile, the oil products segment reported a comparable EBITDA of EUR 120 million, with refining margins normalizing after a period of volatility.
Looking ahead, Neste is focused on its performance improvement program, targeting a EUR 350 million EBITDA improvement by the end of 2026. The company is also advancing its strategic growth projects, including the expansion of its Rotterdam refinery to enhance SAF production. Despite market uncertainties, Neste remains committed to supporting climate goals and maintaining its competitive edge in the renewable fuels market.