PPD concluded 2025 with 2.4 billion euros in revenue

First Gas Company Ltd. (PPD) achieved 2.4 billion euros in operating revenue and 12.7 million euros in profit after tax in 2025.

After several years of pronounced disruptions and volatility, 2025 was marked by the stabilization of the European gas market. Although supply chains in Europe have largely consolidated, gas price movements remained strongly influenced by geopolitical circumstances, as well as the broader relationship between the European and Asian energy markets.

In such market conditions, PPD further solidified its position as the largest supplier in the domestic market, delivering approximately 10 percent more gas in Croatia than in the previous period. This confirms that PPD is successfully implementing its strategic focus on stronger growth in the Croatian market. Although revenues continue to be generated in international business, the results show that PPD has made measurable progress in strengthening its domestic portfolio in the past period.

An important pillar of PPD’s business remains the growing LNG market. PPD has significant contracted capacities at the terminal in Omišalj, which will further increase this year, while LNG procurement is secured through a combination of long-term and medium-term contracts. This further contributes to the stability and security of supply for Croatia and neighboring countries. LNG accounted for one-third of the company’s supply in the past period, and an increase in that share is expected, thereby further strengthening the company’s position through diversification.

Commenting on the results, Management Board member Slaven Rajman emphasized that the period of stabilization is behind us and that the gas market has entered a new era of pronounced volatility.

– Estimates from the beginning of the year indicated record global gas consumption in 2026, alongside a simultaneous decline in consumption in the European Union. However, the global uncertainties we are witnessing will undoubtedly change market trends. We are entering a period of strong pressure on the working capital of energy companies again, but PPD is prepared for this thanks to a business model based on diversified procurement sources, long-term contracts, and strong supply infrastructure. For this reason, we can guarantee secure supply and more stable prices to the Croatian market in the upcoming gas year. At the same time, the continued growth of the Croatian economy is a clear signal for us that there is additional room to strengthen the domestic portfolio, which remains one of PPD’s key business priorities, concluded Rajman.