KMG International EBITDA rises 73% to $469M in nine months

Photo: KazMunayGas

BAKU, Azerbaijan, October 20. KMG International, a wholly owned subsidiary of Kazakhstan’s KazMunayGas, reported consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) of $469 million for the first nine months of 2026, up 73% year on year, according to KMG.

The company’s net profit increased by 219% year on year to $269 million, according to KMG International.

During the reporting period, crude oil processing at the Petromidia refinery totaled 4.087 million tonnes. Average daily throughput reached 14,670 tonnes, equivalent to around 97% of the refinery’s designed capacity.

The refinery produced 3.977 million tonnes of petroleum products, including 1.793 million tonnes of diesel fuel, 1.103 million tonnes of gasoline and 369,000 tonnes of Jet A-1 aviation fuel.

Combined petroleum product sales by KMG International’s retail companies increased by 5% year on year to 2.272 million tonnes. The growth was driven mainly by higher wholesale sales in Romania and increased sales volumes in Moldova.

Sales of non-fuel goods and services in Romania rose by 3% compared with the same period in 2025. EBITDA in the retail segment reached $87 million.

KMG International operates refineries, petrochemical facilities and a retail fuel network in Romania and the Black Sea region, including the Petromidia and Vega refineries.