Earnings release
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This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended December 31, 2025. The OMV Petrom Group’s results for Q4/25 will be published on February 4, 2026. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report. Economic environment Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Average Brent price (USD/bbl) 74.73 75.73 67.88 69.13 63.73 Average USD/RON FX-rate 4.660 4.726 4.439 4.340 4.373 Average EUR/RON FX-rate 4.975 4.976 5.032 5.071 5.088 Source: Reuters/Platts, NBR Exploration and Production Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Total hydrocarbon production (kboe/d) 107.2 107.5 102.2 104.8 103.5 thereof crude oil and NGL production (kboe/d) 50.5 50.1 48.4 47.9 46.7 thereof natural gas production (kboe/d) 56.7 57.4 53.8 57.0 56.8 Total hydrocarbon sales volume (kboe/d) 102.0 102.2 96.9 100.6 98.6 thereof crude oil and NGL sales volume (kboe/d)1 52.6 52.3 50.0 50.2 48.6 thereof natural gas sales volume (kboe/d) 49.3 49.9 47.0 50.4 50.0 Average realized crude price (USD/bbl) 65.37 66.11 58.72 59.71 54.66 1 Includes sales of liquids obtained from separation and processing of rich natural gas; rich natural gas production is included under natural gas production above. Refining and Marketing Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Indicator refining margin (USD/bbl)2 7.39 8.23 10.27 14.02 16.75 Refinery utilization rate (%) 98 98 76 96 100 Total refined product sales (mn t) 1.44 1.20 1.34 1.50 1.44 2 The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions. Gas and Power Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Gas sales volumes to third parties (TWh) 9.79 10.26 8.07 8.94 10.60 Brazi net electrical output (TWh) 1.34 1.23 0.61 1.27 1.56 Following the agreed principles between OMV Petrom and the Romanian state for 15 years extension of production licenses announced in the Ad hoc report dated December 10, 2025, the company’s Operating result for Q4/25 is expected to reflect an impairment of other financial assets of approximately EUR 300 mn in E&P related to abandonment obligations. In addition, in the context of this agreement triggering higher E&P taxation, and due to higher production decline for some mature fields, a net impairment of around EUR 120 mn related to E&P tangible assets is expected to be recorded in Q4/25 Operating result. These items, totalling approximately EUR 420 mn, are expected to be classified as special items. The company’s Q4/25 Clean operating result is expected not to be impacted by any of these adjustments. Consensus The collection of the analysts’ quarterly result estimates will take place between January 15, 2026 and January 20, 2026. The consensus will be made public on the company’s website on January 28, 2026. OMV Petrom Q4/25 Trading Update January 15, 2026
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Contact details: OMV Petrom S.A. Investor Relations Tel: +40 372 161 930; Fax: +40 372 868 518 E-mail: investor.relations.petrom@petrom.com Disclaimer regarding forward-looking statements This report may contain forward -looking statements. These statements reflect the Company’s current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as “anticipate,” “believe”, “estimate”, “expect”, “intend”, “plan”, “project”, “target”, “may”, “will”, “would”, “could” or “should” or similar terminology. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control that could cause the Company’s actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements. None of the future projections, expectations, estimates or prospects in this report should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete. As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This report does not purport to contain all information that may b e necessary in respect of the Company or its shares and, in any event, each person receiving this report needs to make an independent assessment. The Company undertakes no obligation publicly to release the results of any revisions to any forward-looking stat ements in this report that may occur due to any change in its expectations or to reflect events or circumstances after the date of this report.