OMV’s 2025 Financial Results: A Pivotal Moment for Strategy and Shareholders

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The Austrian energy group OMV is approaching a significant milestone. On February 4, 2026, the company will release its full-year financial statements for 2025. This event marks the end of a quiet period and will provide investors with critical updates on the annual dividend and the progress of the firm's strategic shift from an oil and gas focus toward sustainable energy and chemicals.

Central to OMV's future is its Strategy 2030, which aims for a Clean CCS Operating Result exceeding €6.5 billion. The upcoming report will serve as a key indicator of how this transformation is advancing. Market attention will be particularly focused on two major projects: the Neptun Deep gas venture in the Black Sea, where first gas is anticipated in 2027, and a green hydrogen facility. Funding of €123 million was secured for the hydrogen plant in January 2026; it is a joint project with Masdar and, at 140 megawatts, will be Austria's largest installation of its kind.

A Dividend Policy Transition

The announcement for the 2025 dividend is expected to be made in conjunction with the annual figures, adhering to the company's traditional practice. However, a fundamental change is on the horizon starting with the 2026 fiscal year. OMV's new distribution policy will calculate payouts based on 50% of dividends received from its stake in Borouge Group International (BGI), plus 20% to 30% of its operational cash flow, excluding those BGI dividends.

The finalization of the BGI transaction is projected for Q1 2026. This consolidation is designed to create the world's fourth-largest polyolefin producer, representing a cornerstone of the long-term strategy.

Market Context and Analyst Focus

Following a trading update on January 15, preliminary data on production volumes and refinery margins is already in the market, potentially limiting surprises from the core numbers. Consequently, the strategic commentary during the press and analyst conferences on February 4 will carry greater weight. Investors and researchers will be listening for management's outlook on 2026 investment plans, cost structures, and margin expectations. Updates on sustainable fuels and geothermal initiatives are also likely topics.

The quiet period, which began on January 21, concludes with the results release. OMV shares currently trade at €50.10. This price sits approximately 9% below the 52-week high of €55 reached in December 2025, though the stock has registered a gain of 4.35% since the start of the year. The forthcoming report will be scrutinized for evidence that the corporate transformation possesses the substance needed to bolster this performance.

Key Dates and Data Points:

• February 4, 2026: Publication of 2025 annual results, followed by press and analyst conferences.
• May 27, 2026: Scheduled date for the Annual General Meeting where the dividend is expected to be proposed.
• New Dividend Framework: Effective for the 2026 financial year.
• Current Share Price: €50.10.