Unimot has released its estimates of consolidated financial results for the fourth quarter of 2025. According to preliminary data, consolidated adjusted EBITDA (adjusted for the estimated valuation of mandatory liquid and gaseous fuel reserves, justified timing differences in costs and revenues, and one-off events) amounted to PLN 105 million in this period, while estimated sales revenues reached PLN 3,896 million.
In the corresponding period of the previous year, the Group’s results amounted to PLN 75 million in consolidated adjusted EBITDA and PLN 3,950 million in sales revenues, respectively.
“In the fourth quarter, we delivered solid financial results despite significant pressure from the market environment – both in the fuels segment and in LPG, which throughout 2025 faced the effects of the sanctions loophole allowing imports of isobutane and n-butane from Russia. We are already benefiting from the new opportunities arising from the tightening of sanctions in January 2026, and our first delivery of isobutane from the United States for the chemical industry is the best proof of this,” says Adam Sikorski, President of the Management Board of Unimot S.A. “In the fourth quarter, we also initiated a transaction finalized at the beginning of this year, under which our rail subsidiary Olavion acquired a 60% stake in the German company RBP, which also operates in the rail transport market. As a result, our customers can already benefit from the potential of this cross-border partnership, and we, as a Group, from the rapid development of a segment that delivers stable results in every quarter,” adds Sikorski.
The liquid fuels segment achieved an adjusted EBITDA of PLN 30 million in Q4 2025. The land premium for diesel remained at a level that limited the possibility of achieving satisfactory margins. On the other hand, the segment benefited from lower costs related to maintaining mandatory reserves. This was a result of both regulatory changes and the settlement of mandatory reserve costs for the entire year of 2025. The Unimot Group recorded liquid fuel sales of 727 thousand cubic meters in Q4 2025.
The bitumen segment generated an adjusted EBITDA of PLN 31 million in Q4 2025. Sales efficiency in this segment during the last quarter of the year is limited due to the seasonal decline in demand in the road construction and maintenance sector. The infrastructure and logistics segment delivers stable financial results – in Q4 2025, adjusted EBITDA amounted to PLN 33 million.
The LPG segment posted an adjusted EBITDA of PLN 0 million during the reported period. In the Polish market, until January 26, 2026, a sanctions loophole allowed the supply of isobutane and n-butane of Russian origin (regulations closing this loophole came into effect in January 2026). During that time, Russian product was available on the market, which worsened conditions for LPG trading by the Unimot Group, resulting in increased logistics costs due to the shift of the supply chain toward western sources.
The final operational and financial data will be published in the consolidated report for 2025.
