Ballenoil recorded revenue of more than one billion euros for the first time in the 2025 financial year. According to sources close to the Spanish discount petrol station chain, which belongs to the Moeve group, revenue totalled around €1.27 billion when additional operator structures are included. This is according to a report by 20minutos . The standalone accounts filed with the Registro Mercantil show revenue of €1.046 billion and a net profit of €3.9 million for Ballenoil S. A. in 2025.
The difference between the higher revenue figure and the numbers reported in the register is reportedly due to some activities not being handled directly by Ballenoil S. A. Industry sources also point to two operational drivers of growth: the sharp rise in prices for petroleum products over 2025, and the continued expansion of the Ballenoil-branded petrol station network in Spain.
The documents cite the tense geopolitical situation in the Middle East as an external factor, which at times in 2025 pushed Brentprices above US$100 per barrel. This is said to have significantly increased revenue in value terms, even though pump margins did not benefit to the same extent. At the same time, Ballenoil continued to expand its network, broadening the brand’s presence in Spain and adding to sales volumes.
Interpretation and implications: For customers, more locations tend to mean stronger price competition with traditional providers, as Ballenoil has a prominent position in the unmanned or low-cost-operated station segment. For owner Moeve, revenue growth driven by volume and prices increases the visibility of its mobility activities, while the modest profit growth shown in the company register may point to investment and integration costs.
At present, publicly available, verifiable documents do not provide consistent information on other metrics, such as the exact number of stations at the end of 2025 or detailed earnings contributions within the group. Available reports clearly distinguish between consolidated estimates that include affiliated structures and the standalone figures filed with the Registro Mercantil. The company’s circle is cautious in its forecasts for 2026, which will depend largely on commodity price movements and the pace of further site openings in Spain.
Editor: Daniel Mayer (Article created with AI assistance).