Galp Sum New Record Profit in the Third Quarter: Oil Makes €7.5 Million per Day
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6 Articles
Galp guarantees that it has already secured the import needs of aviation fuel from Portugal by the end of 2026. Sines refinery operated until September near its maximum capacity.
The record result compares with the EUR 407 million in the same period of 2025 and with the average estimate of the analysts of EUR 634 million.
Galp closed the third quarter with a net profit of €682 million, an unprecedented profit in the company. In the whole of the first nine months of the year the gain of Galp amounted to €1494 million and already exceeds all the profit of the full year of 2025, which had already had a record result.
Oil was driven by the growth of production in Brazil, by exports of refined products and by the purchase and sale of oil and gas in international markets.
On the contrary, the net result established in accordance with the International Accounting Standards (IFRS) fell 24% in the third quarter, to EUR 201 million, and 9% in the first nine months, to EUR 852 million.
Galp increased its profits by 68% in the third quarter to €682 million, driven by the growth of production in Brazil, exports of refined products and the purchase and sale of oil and gas in international markets.
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