JT GRUP OIL reports almost 80 percent increase in net profit for 2024

JT GRUP OIL, one of the emerging leaders in fuel distribution in Romania, announces the financial and operational results for 2024. At the end of 2024, the turnover increased by 2.4% to over 229 million RON.

The net profit recorded an increase of 79.62%, reaching 10.3 million RON. The profitability of the current business is also supported by the operating result, which also increased by 48.34% compared to 2023.

JT GRUP OIL continued its investment policy in 2024, focusing on fleet expansion and infrastructure modernization. The company acquired 4 commercial vehicles, 3 tankers and an electric car, thus contributing to the streamlining of logistical processes and reducing environmental impact.

“In 2024, the market has been impacted by the increasing demand for fuels, especially from the industrial and agricultural sectors, but also by a growing interest in sustainable energy solutions. In this context, operators that have invested in modern infrastructure, optimized logistics chains and developed flexible commercial policies, such as JT GRUP OIL, have managed to differentiate themselves and achieve solid growth,” says Bogdan Aldea, Chairman of the Board of Directors and CEO of JT GRUP OIL

JT GRUP OIL has introduced 270 tanks on the market, using modern monitoring and stock management technologies. This extensive network enables the company to offer customized and efficient solutions to customers from the agricultural, industrial and transport sectors, while maintaining a high standard of quality and safety. In addition, commercial flexibility, reflected in an adaptable pricing policy and advantageous payment terms (advance or term), have contributed to customer retention and attracting of new partners.

Last year, the Group took an important strategic step by building an authorized tax warehouse, allowing for the direct delivery of diesel fuel to ships, optimizing logistics processes, and improving the services offered to clients in the maritime industry. Continuing along the lines of expansion and innovation, in 2024 JT GRUP OIL invested in the acquisition and modernization of the largest vessel previously used for bunkering operations in the Port of Constanța. Already integrated into JT GRUP OIL’s operations, the vessel JT DONAU TERMINAL, with a capacity of 4,000 tons, provides greater flexibility and efficiency in operations, while also supporting the company’s sustainable growth in the energy sector.

For 2025, the company aims to increase its sales volume by 50% by attracting new customers and expanding its network of SKID stations. In the coming years, JT GRUP OIL is seeking to double its traded volume and increase its market share by diversifying its supply and distribution channels and increasing its storage capacity for energy resources.