New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 97% Cash payout ratio: 181% Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €56.75, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Oil and Gas industry in Europe. Total returns to shareholders of 92% over the past three years. Upcoming Dividend • Jun 01
Upcoming dividend of €4.40 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 11 June 2026. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Within top quartile of Italian dividend payers (4.7%). Higher than average of industry peers (4.6%). Reported Earnings • May 02
First quarter 2026 earnings released: EPS: €1.37 (vs €0.27 in 1Q 2025) First quarter 2026 results: EPS: €1.37 (up from €0.27 in 1Q 2025). Revenue: €5.97b (flat on 1Q 2025). Net income: €449.0m (up 410% from 1Q 2025). Profit margin: 7.5% (up from 1.5% in 1Q 2025). Revenue is forecast to stay flat during the next 3 years compared to a 1.9% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Declared Dividend • Apr 08
Dividend of €4.40 announced Shareholders will receive a dividend of €4.40. Ex-date: 8th June 2026 Payment date: 11th June 2026 Dividend yield will be 7.2%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio) nor is it covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 63% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Declared Dividend • Mar 23
Dividend of €4.40 announced Shareholders will receive a dividend of €4.40. Ex-date: 8th June 2026 Payment date: 11th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 6.4%. Sustainability & Growth Dividend is not covered by earnings (145% earnings payout ratio) nor is it covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 61% to bring the payout ratio under control. EPS is expected to grow by 69% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 05
Full year 2025 earnings released: EPS: €2.22 (vs €4.25 in FY 2024) Full year 2025 results: EPS: €2.22 (down from €4.25 in FY 2024). Revenue: €25.1b (down 25% from FY 2024). Net income: €770.0m (down 45% from FY 2024). Profit margin: 3.1% (down from 4.2% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 4.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 공고 • Dec 09
OMV Aktiengesellschaft, Annual General Meeting, May 27, 2026 OMV Aktiengesellschaft, Annual General Meeting, May 27, 2026. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: €1.34 (vs €0.74 in 3Q 2024) Third quarter 2025 results: EPS: €1.34 (up from €0.74 in 3Q 2024). Revenue: €6.44b (down 24% from 3Q 2024). Net income: €495.0m (up 105% from 3Q 2024). Profit margin: 7.7% (up from 2.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.6% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
Second quarter 2025 earnings released: EPS: €0.30 (vs €1.09 in 2Q 2024) Second quarter 2025 results: EPS: €0.30 (down from €1.09 in 2Q 2024). Revenue: €5.63b (down 13% from 2Q 2024). Net income: €99.0m (down 72% from 2Q 2024). Profit margin: 1.8% (down from 5.5% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Oil and Gas industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €44.38, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Oil and Gas industry in Europe. Total returns to shareholders of 29% over the past three years. New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Cash payout ratio: 115% Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. 공고 • May 30
PJSC LUKOIL (MISX:LKOH) acquired an additional 5% stake in Ghasha gas concession from OMV Aktiengesellschaft (WBAG:OMV) for approximately $490 million. PJSC LUKOIL (MISX:LKOH) acquired an additional 5% stake in Ghasha gas concession from OMV Aktiengesellschaft (WBAG:OMV) for approximately $490 million on May 30, 2025. The total cash consideration is $594 million, net of a transaction fee of $100 million.
PJSC LUKOIL (MISX:LKOH) completed the acquisition of an additional 5% stake in Ghasha gas concession from OMV Aktiengesellschaft (WBAG:OMV) on May 30, 2025. Upcoming Dividend • May 28
Upcoming dividend of €4.75 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 10 June 2025. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 10.0%. Within top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (6.8%). Reported Earnings • Apr 09
Full year 2024 earnings released: EPS: €4.25 (vs €4.53 in FY 2023) Full year 2024 results: EPS: €4.25 (down from €4.53 in FY 2023). Revenue: €33.3b (down 14% from FY 2023). Net income: €1.39b (down 6.1% from FY 2023). Profit margin: 4.2% (up from 3.8% in FY 2023). The increase in margin was driven by lower expenses. Oil reserves Proven reserves: 590.5 MMbbls Gas reserves Proven reserves: 2206.3 Bcf Combined production Oil equivalent production: 124.4 MMboe (133 MMboe in FY 2023) Revenue is forecast to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 공고 • Jan 27
OMV Aktiengesellschaft, Annual General Meeting, May 27, 2025 OMV Aktiengesellschaft, Annual General Meeting, May 27, 2025.