**Petrolina Anticipates Strong Financial Performance for H1 2026**
Petrolina (Holdings) Public Limited has announced that it expects to report significantly improved financial results for the first half of 2026 compared to the same period in 2025. The company attributes this anticipated growth primarily to the recent integration of eWise Cyprus Limited, previously known as ExxonMobil Cyprus Limited, which officially commenced operations on January 30, 2026.
In a statement released on Friday, Petrolina indicated that the integration of eWise Cyprus Limited is expected to enhance its operational efficiency and overall market performance. This strategic move is part of the company's broader efforts to strengthen its position in the energy sector and expand its service offerings.
Additionally, Petrolina highlighted that its expected financial performance is further supported by a one-off accounting gain recognized as negative goodwill. This gain reflects the favorable valuation achieved during the acquisition of eWise Cyprus Limited, which is anticipated to positively impact the company’s bottom line.
The optimistic outlook for the first half of 2026 is based on the financial data currently available to the group. Petrolina’s management remains cautiously optimistic, emphasizing that ongoing monitoring and evaluation will be crucial as the company navigates the integration process and adapts to market conditions.
In conjunction with the announcement of its expected financial results, Petrolina also disclosed that it has approved a final dividend of 5.8 percent, equating to 2 cents per share. This decision was made during the company's recent annual general meeting of shareholders. The dividend payout is set for July 28, 2026, and will be distributed to all shareholders recorded in the Cyprus Stock Exchange (CSE) register by June 29, 2026. Notably, shares in the company will begin trading ex-dividend on the CSE starting June 26, 2026.
As Petrolina prepares for this upcoming financial period, stakeholders and investors will be closely monitoring the company's performance and the successful integration of eWise Cyprus Limited. The anticipated improvements in results could position Petrolina favorably within the competitive landscape of the energy sector in Cyprus.
The company's proactive approach in expanding its operations and enhancing shareholder value through dividends reflects its commitment to growth and sustainability in the long term.