Despite declining figures in the last financial year, Deutsche Rohstoff AG is increasing the dividend and the outlook for 2026.
• Sales and profits fall year-on-year
• Higher dividend proposed
• Prognosis increased
Look at the books
Deutsche Rohstoff AG recorded sales of 195 million euros in 2025. This means that sales fell by a significant 17.02 percent year-on-year. Earnings per share, meanwhile, fell from EUR 10.26 in 2024 to EUR 6.03 in 2025. “The financial development was very robust despite lower oil prices and a weaker US dollar. Sales in 2025, at EUR 195.1 million, were slightly above the upper end of the forecast (EUR 170 to 190 million), while EBITDA was at the upper end of the forecast at EUR 132.0 million expectations (115 to 135 million euros),” said CFO Hennig Döring.
“The 2025 financial year was not a year of maximum production, but a year of conscious optimization. After the “tariff shock” in April 2025, we deliberately reduced our investments and at the same time further increased operational efficiency,” explained Jan-Phillip Weitz, CEO of Deutsche Rohstoff AG. “An outstanding success of the 2025 financial year was the significant increase in oil and gas reserves. The safe and probable reserves increased by 46 percent to 79 million BOE as of December 31, 2025 (previous year: 54 million BOE), thereby reaching a new high.”
Dividend proposal
According to the annual report, a total of 105,697 treasury shares were purchased as part of a share buyback program in the 2025 financial year. The number of shares entitled to dividends fell to 4,790,041 as of December 31, 2025 (previous year: 4,895,738). Meanwhile, the dividend is expected to increase. The Executive Board proposes to the Supervisory Board to distribute a dividend of EUR 2.25 per share from the retained earnings for the financial year and to carry forward the remaining retained earnings. Last year the dividend was 2 euros per share.
Outlook adjusted
In addition, Deutsche Rohstoff AG has massively revised its forecast for the 2026 financial year upwards, signaling a significant jump in profitability. In a base case scenario with an oil price of USD 75/bbl, the company now expects EBITDA between 290 and 310 million euros, which is well above the original estimate of 115 to 135 million euros. If the oil price rises to 85 USD/bbl, earnings could even reach 340 million euros, while sales are expected in a range of 260 to 310 million euros.
There are essentially two factors behind this optimistic assessment: Firstly, an intensified drilling program by the subsidiary 1876 Resources will ensure a production boost to over 20,000 BOEPD in the second half of the year. On the other hand, the sale of around 9 million shares in the Almonty Industries investment has already generated income of around 100 million euros. In order to consistently exploit this growth dynamic and the advantageous market environment, the group is simultaneously increasing its investment volume to up to 235 million euros, which should sustainably strengthen the company’s cash flow profile.
“The significant increase in the forecast is essentially based on two key value drivers. Firstly, we are significantly expanding the drilling program of our subsidiary 1876 Resources. […] On the other hand, we realized an initial significant value contribution from our investment in Almonty Industries. The sale of around 9 million shares generated income of around 100 million euros,” the press release states.
This is how the stock reacts
Investors responded to the dividend proposal and the increased forecast with purchases. In XETRA trading, the Deutsche Rohstoff AG share ultimately rose by 2.63 percent to 89.60 euros.
Evelyn Schmal, Martina Köhler, editorial team finanzen.net
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