Main Information
HELLENiQ ENERGY Holdings’ S.A. shares are traded on the Main Market of the Athens Exchange (ATHEX: ΕLPΕ) and on the London Stock Exchange (LSE: HLPD) through Global Depositary Receipts (GDRs), while the bond issued by its subsidiary HELLENiQ ENERGY Finance Plc (HEF) (4.25% coupon, due July 24, 2029), is listed on the Euro MTF platform of the Luxembourg Stock Exchange.
The Company’s share capital amounts to €666,284,703.30 divided into 305,635,185 shares with a nominal value of €2.18 each. The Company’s shareholders’ rights, arising out of their shares, are proportionate to the percentage of capital corresponding to the paid- in-share value. All shares have the same rights and obligations arising from the Law and the Company’s Articles of Association. The liability of the Company’s shareholders is limited to the nominal value of the shares they own.
HELLENiQ ENERGY Holdings’ shares are included in various indices such as the ATHEX Composite Share Price Index, FTSE/ATHEX Large Cap Index, FTSE/ATHEX Energy Index, ATHEX ESG Index, FTSE/ATHEX Market Index, as well as several other major international indices, including MSCI Emerging Markets IMI, MSCI Emerging Markets Small Cap, FTSE World Europe Index and FTSE Eurozone, STOXX Emerging Markets Select 100, STOXX Emerging Markets 500 Small and STOXX Emerging Markets 1500 ESG-X.
| OASIS | ELPE |
| Reuters | HEPr.AT |
| Bloomberg | ELPE GA |
Share price development
In 2024, the ATHEX Composite Share Price Index exhibited an increase for the fourth consecutive year, specifically by 13.6%. The growth of the Greek economy and the improvement in the fundamentals of the listed companies contributed to this performance. Expectations for monetary policy easing, along with the upgrade of Greece’s government credit rating to investment grade status have led to an increase in the interest of foreign investors in the Athens Exchange. The FTSE/ATHEX ENERGY & PUBLIC SERVICES index recorded a marginal decrease of 0.2% in 2024. During 2024, an extraordinary Solidarity Contribution was imposed on refiners, affecting analysts’ and investors’ estimates of the sector’s profitability.
The shares of HELLENiQ ENERGY Holdings recorded an increase of 3.8% in 2024, closing at €7.56 on 31 December 2024. Over the course of the year, the average daily trading volume amounted to 289,495 shares, with an average price of €7.56.
| Average price | €7.56 |
| Lowest price | €6.62 |
| Highest price | €8.81 |
| Average daily traiding volume (no. of shares) Manager | 289,495 |
In 2024, the total shareholder return (TSR) amounted to 17%. TSR is defined as: price return and return from dividends paid in the year, reinvested for the remaining period.
Analysts Coverage
As of the 31st of December 2024, a total of twelve (12) Greek and international brokerage firms were providing coverage for HELLENiQ ENERGY Holdings S.A..
| Greek Firms |
|---|
| Alpha Finance |
| Eurobank Equities |
| Euroxx Securities |
| Optima Bank |
| Pantelakis Securities |
| Piraeus Securities |
| International Firms |
|---|
| Bank Pekao |
| Edison |
| Goldman Sachss |
| Morgan Stanley |
| PKO Securities |
| Wood & Co. |
Dividend Policy
Considering the Company’s results for FY 2024, its financial position and outlook for 2025, as well as the sale of the Company’s 35% stake in DEPA Commercial S.A., the Board of Directors has decided to propose to the AGM, the distribution of a total dividend of €0.75 per share. Given the distribution of the interim dividend for fiscal year 2024 of €0.20 per share, in January 2025, the remaining amount for the final dividend for fiscal year 2024, amounts to €0.55.
*includes other distributions
Shareholding Structure
The shareholding structure as of 31.12.2024 is depicted below:
| Shareholder | Number of shares | Participation |
|---|---|---|
| Paneuropean Oil and Industrial Holdings (Cyprus) Limited | 123,510,479 | 40.41% |
| Hellenic Corporation of Assets and Participations (HCAP) | 95,301,987 | 31.18% |
| Institutional and private investors | 86,822,719 | 28.41% |
| Total number of shares | 305,635,185 | 100% |
Eurobond Issue
Since 2013, the Group has raised more than €2.5 billion through the issue of six internationally traded bonds, making it the largest independent Greek issuer. On 24 July 2024, the Group, through HELLENiQ ENERGY Finance plc (HEF), proceeded with the issuance of a new five-year Eurobond of €450 million, with a coupon of 4.25%, with part of the proceeds used for the partial redemption of the €600 million Eurobond maturing in October 2024 through a tender offer.
The key features of the bond, issued by HEF and guaranteed by HELLENiQ ENERGY Holdings S.A. and which was trading as of 31 December 2024 on the Luxembourg Stock Exchange, are presented in the table below:
| Issue date | Maturity | Currency | Issue Amount (m) | Coupon | ISIN |
| 24.07.2024 | 24.07.2029 | EUR | 450 | 4.25% | XS2867254224 |
Investor Relations Services
The Company seeks to comprehensively and equitably inform its shareholders and bondholders both in Greece and internationally, through various events and initiatives, including:
- Quarterly reports outlining business activities and financial results (press releases, presentations, teleconferences, internet).
- Annual Report, BoD’s Interim and Annual Financial Report.
- Teleconferences enabling investors/analysts to receive further information regarding the Group’s activities.
- Regular contacts and meetings with analysts and fund managers.
- Participation in roadshows and investor conferences both in Greece and internationally.
- Regularly updating the Company’s website concerning basic industry performance indicators which affect the Company’s financial performance.
Information for Shareholders and Investors
Annual General Meeting (AGM)
The Annual General Meeting of HELLENiQ ENERGY is scheduled to take place on Thursday, 19 June 2025 at 12:00 hours. The meeting will be conducted in a hybrid format, i.e. allowing shareholders to attend either in person or remotely via a virtual platform.
For additional details and the necessary supporting documentation, interested parties can access the electronic version on the official website of the Company at www.helleniqenergy.gr.
The Board of Directors will propo se to the AGM the distribution of a final dividend of €0.55 per share. This will add to the interim dividend of €0.20 per share, which has already been distributed, resulting in a total FY24 dividend of €0.75 per share.
2025 Financial Results and Reports
HELLENiQ ENERGY’s 2025 Financial Results and Reports are scheduled to be published as follows:
- 1Q 2025 Financial Results: 15 May 2025
- 2Q/1H 2025 Financial Results and Interim Financial Report: 07 August 2025
- 3Q/9M 2025 Financial Results: 13 November 2025
- 4Q/FY 2025 Financial Results and Annual Financial Report: 26 February 2026
The Financial Results and Reports are published in Greek and English and can be downloaded at HELLENiQ ENERGY’s website at: Quarterly Results and Financial Reports.
