KMG International Posts Higher Profits as EBITDA Climbs to $469 Million

KMG International, a subsidiary of Kazakhstan's national oil and gas company KazMunayGas, reported a 73% year-on-year rise in consolidated EBITDA to $469 million in the first nine months of 2026. Net profit reached $269 million, up 219%. The results were supported by refining at Romania's Petromidia refinery and higher retail sales volumes.

Petromidia processed 4.087 million tons of feedstock, about 97% of its designed capacity. Output totalled 3.977 million tons, including 1.793 million tons of diesel and 1.103 million tons of gasoline.

Retail companies sold 2.272 million tons of petroleum products, up 5%, driven mainly by higher wholesale sales in Romania and increased volumes in Moldova. Retail EBITDA reached $87 million. The company said it continues measures to improve operational efficiency.