Earnings release
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OMV Q4/25 Trading Update – January 15, 2026 1 OMV Q4/25 Trading Update This trading update provides provisional basic information on the economic environment as well as OMV’s key performance indicators for the quarter ended December 31, 2025. The Q4/25 results will be published on February 4, 2026. The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly report. Economic environment Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Average Brent price in USD/bbl 74.73 75.73 67.88 69.13 63.73 Average EUR-USD exchange rate 1.068 1.052 1.134 1.168 1.163 Average THE natural gas price in EUR/MWh 43.69 47.88 36.37 33.36 31.34 Average CEGH natural gas price in EUR/MWh 44.15 48.57 38.83 35.91 32.78 Source: Reuters/Platts, Trading Hub Europe (THE), Central European Gas Hub (CEGH) Energy Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Total hydrocarbon production in kboe/d 337 310 304 304 300 thereof crude oil and NGL production in kboe/d 182 178 179 179 175 thereof natural gas production in kboe/d 156 132 125 125 125 Total hydrocarbon sales volumes in kboe/d 354 282 276 306 289 thereof crude oil and NGL sales volumes in kboe/d 215 171 169 199 183 thereof natural gas sales volumes 1 in kboe/d 138 112 107 107 106 Average realized crude oil price in USD/bbl 71.9 72.8 66.2 66.3 62.4 Average realized natural gas price1, 2 in EUR/MWh 30.6 38.2 29.1 27.3 26.4 Note: Crude oil, NGL (Natural Gas Liquids), and natural gas figures may not add up due to rounding differences. 1 Does not consider Gas Marketing & Power 2 The average realized natural gas price is converted to MWh using a standardized calorific value across the portfolio of 10.8 MWh for 1,000 cubic meters of natural gas Fuels Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 OMV refining indicator margin Europe based on Brent 1 in USD/bbl 5.90 6.65 8.08 11.54 13.96 Utilization rate refineries Europe in % 90 92 83 91 89 Fuels and other sales volumes Europe in mn t 4.10 3.52 4.20 4.40 4.27 1 Actual refining margins realized by OMV may vary from the OMV refining indicator margin due to factors including different crude oil slate, product yield, and operating conditions. Chemicals Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Ethylene indicator margin Europe1 in EUR/t 510 529 589 570 590 Propylene indicator margin Europe 2 in EUR/t 383 400 467 448 465 Polyethylene indicator margin Europe3 in EUR/t 440 446 492 473 435 Polypropylene indicator margin Europe4 in EUR/t 402 383 377 360 325 Utilization rate steam crackers Europe in % 84 90 82 84 72 Polyolefin sales volumes in mn t 1.68 1.59 1.61 1.47 1.80 thereof polyethylene sales volumes excl. JVs in mn t 0.48 0.49 0.53 0.42 0.51 thereof polypropylene sales volumes excl. JVs in mn t 0.53 0.55 0.58 0.45 0.54 thereof polyethylene sales volumes JVs in mn t 0.41 0.37 0.31 0.38 0.45 thereof polypropylene sales volumes JVs in mn t 0.25 0.19 0.19 0.22 0.30 1 Ethylene CP WE (ICIS) - 1.18 * Naphtha FOB Rotterdam 2 Propylene CP WE (ICIS) - 1.18 * Naphtha FOB Rotterdam 3 HD BM FD EU Domestic EOM (ICIS low) - Ethylene CP WE (ICIS) 4 PP Homo FD EU Domestic EOM (ICIS low) - Propylene CP WE (ICIS)
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OMV Q4/25 Trading Update – January 15, 2026 2 Additional Information Energy OMV is expected to incur in Q4/25 non-cash impairment charges and value adjustments with estimated pre-tax effects of around EUR 0.7 bn in total. Around EUR 0.4 bn are related to mainly production decline in Romania, Tunisia, and New Zealand. Furthermore, following the agreed principles for the extension of production licenses in Romania for additional 15 years, an impairment of EUR 0.3 bn of other financial assets, related to abandonment obligations, is expected to be recorded. These items will be classified as special items and the company’s clean Operating Result is expected not to be impacted by any of these adjustments. Fuels In Q4/25, higher refining indicator margins compared to Q3/25 are expected to be offset by the impacts from operational constraints at the Schwechat and Burghausen refineries and one-off effects. In addition, the marketing business faced the typical seasonal patterns, with lower retail sales volumes and weaker retail fuel margins compared to Q3/25, while commercial margins slightly improved. Chemicals In Q4/25, the positive impacts from higher olefin indicator margins and increased polyolefin sales volumes are expected to be largely offset by a lower cracker utilization rate and lower polyolefin indicator margins when compared to Q3/25. Other In Q3/25, net working capital effects generated a cash outflow of EUR 0.4 bn. We expect this effect to be at least fully reversed in Q4/25, contributing positively to cash flow from operations. Consensus The collection of the analysts’ consensus on the quarterly result estimates, managed by Vara Research, is scheduled to open for submission on January 15, 2026, and will close on January 28, 2026, at 7:30 am CET. The consensus will be made public on January 28, 2026. Contact For further information, please contact: Florian Greger, Senior Vice President Investor Relations & Sustainability Tel.: +43 (1) 40 440-21600 E-Mail: /investor.relations@omv.com
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OMV Q4/25 Trading Update – January 15, 2026 3 Disclaimer regarding forward-looking statements This report contains forward-looking statements. Forward-looking statements usually may be identified by the use of terms such as “outlook,” “expect,” “anticipate,” “target,” “estimate,” “goal,” “plan,” “intend,” “may,” “objective,” “will,” and similar terms or by their context. These forward-looking statements are based on beliefs and assumptions currently held by and information currently available to OMV. By their nature, forward-looking statements are subject to risks and uncertainties, both known and unknown, because they relate to events and depend on circumstances that will or may occur in the future and are outside the control of OMV. Consequently, the actual results may differ materially from those expressed or implied by the forward-looking statements. Therefore, recipients of this report are cautioned not to place undue reliance on these forward-looking statements. Neither OMV nor any other person assumes responsibility for the accuracy and completeness of any of the forward-looking statements contained in this report. OMV disclaims any obligation to update these forward-looking statements to reflect actual results, revised assumptions and expectations, and future developments and events. This report does not contain any recommendation or invitation to buy or sell securities in OMV.