INVESTOR RELATIONS
Macro data
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- Monthly
- Quarterly
| Macroeconomic data – average: 2025 | unit | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | FY |
| Brent crude oil price | USD/bbl | 79.2 | 75.2 | . | ||||||||||
| Model refining margin (1) | USD/bbl | 7.4 | 10.3 | |||||||||||
| Differential (2) | USD/bbl | 0.8 | 0.7 | |||||||||||
| Model petrochemical margin (3) | EUR/t | 104 | 138 | |||||||||||
| Natural gas price TTF month-ahead | PLN/MWh | 205 | 209 | |||||||||||
| Natural gas price TGEgasDA | PLN/MWh | 225 | 240 | |||||||||||
| Electricity price TGeBase | PLN/MWh | 501 | 560 | |||||||||||
| USD / PLN (4) | PLN | 4.10 | 4.01 | |||||||||||
| EUR / PLN (4) | PLN | 4.25 | 4.17 |
| Macroeconomic data – average: 2025 | unit | 1Q | 2Q | 3Q | 4Q | FY |
| Brent crude oil price | USD/bbl | |||||
| Model refining margin (1) | USD/bbl |
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| Differential (2) | USD/bbl |
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| Model petrochemical margin (3) | EUR/t | |||||
| Natural gas price TTF month-ahead | PLN/MWh | |||||
| Natural gas price TGEgasDA | PLN/MWh | |||||
| Electricity price TGeBase | PLN/MWh | |||||
| USD / PLN (4) | PLN | |||||
| EUR / PLN (4) | PLN |
(1) Model refining margin = revenues (33% Gasoline + 48% Diesel + 13% HHO) – costs (98% Brent crude oil + 2% Natural gas). Spot quotations.
(2) Differential calculated on the real share of processed crude oils. Spot quotations.
(3) Model petrochemical margin = revenues (25% HDPE [Spot] + 16% PP Homo [Spot] + 9% Ethylene [contract] + 7% Toluene [contract] +14% Benzene [contract]) – costs (75% Naphtha + 13% HHO + 13% LPG [Spot]) - 6% CO2 costs [EUA]
(4) Average foreign exchange rates according to the National Bank of Poland.