In EUR mn |
|
|
|
|
|
|
|---|---|---|---|---|---|---|
|
2024 |
2023 |
||||
Subgroups |
% NCI |
Net income allocated |
Accumulated NCI |
% NCI |
Net income allocated |
Accumulated NCI |
OMV Petrom Group |
49% |
411 |
3,823 |
49% |
398 |
3,848 |
Borealis Group |
25% |
108 |
2,916 |
25% |
–21 |
3,021 |
SapuraOMV Group |
50% |
50 |
– |
50% |
–13 |
251 |
Other subsidiaries |
n.a. |
2 |
11 |
n.a. |
2 |
10 |
OMV Group |
n.a. |
571 |
6,749 |
n.a. |
366 |
7,131 |
The proportion of ownership corresponds to the proportion of voting rights of the non-controlling interests in all cases.
The main activities of the OMV Petrom Group, the largest integrated energy producer in Southeastern Europe, are oil and gas exploration and production (in Romania and Bulgaria), refining of crudes (in Romania), marketing of petroleum products (in Romania, Bulgaria, Serbia, and Moldova), and sale of natural gas as well as production and sales of electricity (in Romania and neighboring countries).
The Borealis Group is one of the world’s leading providers of advanced and circular polyolefin solutions, a European innovative leader in polyolefins recycling, and a major producer of base chemicals. The majority of Borealis’ production is located in Europe, with two overseas manufacturing facilities in the United States, one in Brazil and one in South Korea.
The SapuraOMV Group is an oil and gas company based in Malaysia with strong growth prospects consisting of sizeable discovered resources and a strong portfolio of exploration prospects. In addition to Malaysia, it has access to exploration blocks in New Zealand, Australia, and Mexico. On December 9, 2024, OMV closed the transaction to sell its 50% share in the Malaysian SapuraOMV Upstream Sdn. Bhd. to TotalEnergies (see Note 4 – Significant changes in Group structure).
The following tables summarize the financial information of the subgroups with material non-controlling interests:
In EUR mn |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
2024 |
2023 |
||||
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis Group |
||
Sales revenue |
7,189 |
7,853 |
7,845 |
7,770 |
||
Net income for the year |
842 |
424 |
815 |
33 |
||
Total comprehensive income |
840 |
670 |
811 |
–438 |
||
Attributable to NCI |
410 |
168 |
396 |
–138 |
||
Dividends paid to NCI |
430 |
286 |
498 |
88 |
||
|
||||||
In EUR mn |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
2024 |
2023 |
||||
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis Group |
||
Non-current assets |
7,791 |
12,296 |
7,109 |
11,524 |
||
Current assets |
3,797 |
3,485 |
4,579 |
4,779 |
||
Non-current liabilities |
2,083 |
1,996 |
2,064 |
2,646 |
||
Current liabilities |
1,642 |
2,137 |
1,710 |
1,595 |
||
|
||||||
In EUR mn |
|
|
|
|
||
|---|---|---|---|---|---|---|
|
2024 |
2023 |
||||
|
OMV Petrom Group |
Borealis Group |
OMV Petrom Group |
Borealis Group |
||
Operating cash flow |
1,300 |
1,188 |
2,045 |
945 |
||
Investing cash flow |
–1,160 |
–1,033 |
–1,158 |
–359 |
||
Financing cash flow |
–968 |
–1,471 |
–1,071 |
–480 |
||
Net increase (+)/decrease (–) in cash and cash equivalents |
–828 |
–1,320 |
–198 |
105 |
||
|
||||||