OMV Petrom records EUR 420 mln impairment adjustments resulting from 15-year "rebalancing" agreement with Romania

OMV Petrom (BVB: SNP) has calculated total "impairment adjustments" of EUR 420 million, which will be seen in the financial results of the last quarter of 2025, arising mainly as a result of the agreement between the OMV group and the Romanian government at the end of last year.

"Following the principles agreed between OMV Petrom and the Romanian state for the 15-year extension of production licenses, announced in the Current Report of December 10, 2025, we estimate that the company's Operating Result for Q4/25 will reflect an impairment adjustment for other financial assets of approximately EUR 300 million in the E&P segment related to abandonment obligations," according to a note to investors sent by OMV Petrom.