Shareholders will get a HUF 165-per-share base dividend on last year’s earnings and a special dividend amounting to around HUF 110 per share. The dividend fund will come to HUF 220.4 billion. MOL had after-tax profit of HUF 355.8 bln in 2024.
Fielding questions from shareholders, chairman-CEO Zsolt Hernádi said the bigger dividend — up from HUF 250-per-share a year earlier — was proposed as the company didn’t anticipate making any “bigger acquisitions” that would require cash in 2025.
He said MOL had to prepare for an era characterised by uncertainty that he called “the new normal”, but pointed to the company’s reputation for continuing to grow and for finding new solutions even in the face of unpredictability.
Hernádi highlighted the importance of maintaining the economic sovereignty of Hungary and improving the country’s competitiveness. He acknowledged that the deterioration of the country’s competitiveness had external causes, such as the weak German economy, as well as internal ones.
Hernádi said improving competitiveness was helped by neither the uncertainty caused by the tariff war nor the EU’s green policies.
He added that Hungary needed a much more predictable regulatory environment. Hernádi noted that MOL had paid USD 3.5 bln in “extra tax”, at group level, in the Central European region in the past three years.
