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Unimot SAUnimot fuels expects higher volumes and margins in LPG segment in 2026
Listed fuels group Unimot expects 2026 to bring an increase in volumes and margins in the LPG segment; plans to allocate a minimum of 30 percent of its consolidated, adjusted net profit for 2025 to the payment of dividends, deputy CEO Filip Kuropatwa told an investor meeting. Unimot's adjusted net profit in the fourth quarter is also expected to be higher than in the prior year period.
"Next year, due to the tightening of sanctions, we believe the situation will be more stable (…) we consider the decision regarding the tightening of sanctions to be good. We have an efficient logistics setup, strong contracts, and we have negotiated better terms for next year," Kuropatwa told the investor meeting.
The company added that the implementation of the EU's 19th package of sanctions on Russia will result in the elimination of products originating from the East, which is expected to boost margins in the LPG segment.
"There is a new European sanctions package on Russia, which also tightens sanctions on LPG. For this reason, we look at next year with greater optimism (…) We believe the market next year should look as we expected it to this year," he added.
In the first three quarters of 2025, Unimot saw an EBITDA loss in the LPG segment of PLN 11 million (EUR 2.6 mln), while adjusted EBITDA amounted to PLN -9.6 million (EUR -2.3 mln).
During an investor chat, the deputy CEO announced that the adjusted net result for the fourth quarter of 2025 will be higher than in the prior year period, when it amounted to approximately PLN 10 million (EUR 2.4 mln).
The company wants to allocate a minimum of 30 percent of its consolidated adjusted net profit to dividends for 2025.
"We are looking at adjusted results in terms of dividend payments, and we are maintaining our policy of at least 30 percent of adjusted consolidated net profit. (...) We will do everything we can, and we are optimistic that the dividend will be at least as high as last year," Kuropatwa said.
On Unimot's initiative, PZL Defence was established, a project implemented in cooperation with PZL Sedziszow. Its aim is to develop expertise in unmanned systems and anti-drone technologies. Deputy CEO Kuropatwa announced that the presentation of an offer in this segment is planned for the end of the first quarter of 2026.
The Unimot group's sales revenue in the third quarter reached PLN 3.72 billion (EUR 879.4 mln), an increase of 1.9 percent year on year.
EBITDA amounted to PLN 74.9 million (EUR 17.7 mln), up 78 percent year on year, while Unimot's adjusted EBITDA in the third quarter of 2025 reached PLN 88 million (EUR 20.8 mln), down 16 percent year on year.
In the first three quarters of 2025, Unimot generated a PLN 190.7 million (EUR 45.1 mln), while adjusted EBITDA stood at PLN 245.6 million (EUR 58.1 mln).
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