New Risk • 14h
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 Romanian stocks, typically moving 7.9% 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 Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). High level of non-cash earnings (46% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). New Risk • Aug 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). High level of non-cash earnings (46% accrual ratio). Reported Earnings • Aug 16
Second quarter 2026 earnings released: EPS: US$0.001 (vs US$0.001 loss in 2Q 2025) Second quarter 2026 results: EPS: US$0.001 (up from US$0.001 loss in 2Q 2025). Revenue: US$1.54b (up 44% from 2Q 2025). Net income: US$36.2m (up US$53.2m from 2Q 2025). Profit margin: 2.3% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공고 • Jun 01
Rompetrol Rafinare S.A. to Report Q3, 2026 Results on Nov 27, 2026 Rompetrol Rafinare S.A. announced that they will report Q3, 2026 results on Nov 27, 2026 Reported Earnings • Jun 01
First quarter 2026 earnings released: EPS: US$0 (vs US$0.001 loss in 1Q 2025) First quarter 2026 results: EPS: US$0 (improved from US$0.001 loss in 1Q 2025). Revenue: US$973.0m (down 2.3% from 1Q 2025). Net income: US$371.2k (up US$38.5m from 1Q 2025). Profit margin: 0% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. New Risk • Apr 08
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 Romanian stocks, typically moving 8.3% 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 Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: US$0.002 (vs US$0.003 loss in FY 2024) Full year 2025 results: EPS: US$0.002 (up from US$0.003 loss in FY 2024). Revenue: US$4.40b (up 18% from FY 2024). Net income: US$41.1m (up US$110.1m from FY 2024). Profit margin: 0.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공고 • Jan 28
Rompetrol Rafinare S.A., Annual General Meeting, Apr 29, 2026 Rompetrol Rafinare S.A., Annual General Meeting, Apr 29, 2026. Reported Earnings • Nov 29
Third quarter 2025 earnings released: EPS: US$0.001 (vs US$0 in 3Q 2024) Third quarter 2025 results: EPS: US$0.001 (up from US$0 in 3Q 2024). Revenue: US$1.16b (up 4.9% from 3Q 2024). Net income: US$20.0m (up 169% from 3Q 2024). Profit margin: 1.7% (up from 0.7% in 3Q 2024). 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 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 16
Second quarter 2025 earnings released: US$0.001 loss per share (vs US$0.002 loss in 2Q 2024) Second quarter 2025 results: US$0.001 loss per share (improved from US$0.002 loss in 2Q 2024). Revenue: US$1.07b (up 44% from 2Q 2024). Net loss: US$17.0m (loss narrowed 67% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 06
Full year 2024 earnings released: US$0.003 loss per share (vs US$0.009 loss in FY 2023) Full year 2024 results: US$0.003 loss per share (improved from US$0.009 loss in FY 2023). Revenue: US$3.72b (down 12% from FY 2023). Net loss: US$69.0m (loss narrowed 72% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 06
Full year 2024 earnings released: US$0.003 loss per share (vs US$0.009 loss in FY 2023) Full year 2024 results: US$0.003 loss per share (improved from US$0.009 loss in FY 2023). Revenue: US$3.72b (down 12% from FY 2023). Net loss: US$78.4m (loss narrowed 68% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0 (vs US$0.001 in 3Q 2023) Third quarter 2024 results: EPS: US$0 (down from US$0.001 in 3Q 2023). Revenue: US$1.10b (up 4.9% from 3Q 2023). Net income: US$7.47m (down 76% from 3Q 2023). Profit margin: 0.7% (down from 3.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Nov 11
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 Romanian stocks, typically moving 5.0% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-US$170m free cash flow). Earnings have declined by 3.2% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change). Reported Earnings • Aug 20
Second quarter 2024 earnings released: US$0.002 loss per share (vs US$0.002 loss in 2Q 2023) Second quarter 2024 results: US$0.002 loss per share (in line with 2Q 2023). Revenue: US$746.2m (down 33% from 2Q 2023). Net loss: US$51.6m (loss widened 4.6% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Reported Earnings • May 19
First quarter 2024 earnings released: US$0.001 loss per share (vs US$0.001 profit in 1Q 2023) First quarter 2024 results: US$0.001 loss per share (down from US$0.001 profit in 1Q 2023). Revenue: US$837.3m (down 19% from 1Q 2023). Net loss: US$23.7m (down 270% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. New Risk • Apr 22
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 Romanian stocks, typically moving 5.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 03
Full year 2023 earnings released: US$0.01 loss per share (vs US$0.003 profit in FY 2022) Full year 2023 results: US$0.01 loss per share (down from US$0.003 profit in FY 2022). Revenue: US$4.21b (down 22% from FY 2022). Net loss: US$270.5m (down 399% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: US$0.001 (vs US$0.004 in 3Q 2022) Third quarter 2023 results: EPS: US$0.001 (down from US$0.004 in 3Q 2022). Revenue: US$1.05b (down 32% from 3Q 2022). Net income: US$31.1m (down 70% from 3Q 2022). Profit margin: 3.0% (down from 6.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2023 earnings released: US$0.002 loss per share (vs US$0.007 profit in 2Q 2022) Second quarter 2023 results: US$0.002 loss per share (down from US$0.007 profit in 2Q 2022). Revenue: US$1.11b (down 27% from 2Q 2022). Net loss: US$49.3m (down 126% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: EPS: US$0.005 (vs US$0.005 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.005 (up from US$0.005 loss in 1Q 2022). Revenue: US$1.03b (up 12% from 1Q 2022). Net income: US$14.0m (up US$146.8m from 1Q 2022). Profit margin: 1.4% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: US$0.004 (vs US$0.001 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.004 (up from US$0.001 loss in 3Q 2021). Revenue: US$1.55b (up 125% from 3Q 2021). Net income: US$104.2m (up US$139.8m from 3Q 2021). Profit margin: 6.7% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Bogdan Steriopol was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 31
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Bogdan Steriopol was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Nicolae Bogdan Stanescu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: US$3.35b (up 43% from FY 2020). Net loss: US$186.8m (loss narrowed 6.5% from FY 2020). Revenue exceeded analyst estimates by 11%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Feb 28
Full year 2020 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$2.33b (down 39% from FY 2019). Net loss: US$220.2m (loss widened 348% from FY 2019). Reported Earnings • Nov 15
Third quarter 2020 earnings released: US$0.001 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$642.3m (down 1.5% from 3Q 2019). Net loss: US$29.7m (loss narrowed 43% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 113% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.