Rubis (RBSFY) Q3 2025 Sales Call Transcript

Core Insights - Rubis reported a robust operational performance in Q3 2025 despite lower oil prices and a challenging euro-USD environment [3][4] - Revenue trends are not a meaningful indicator of Rubis' performance as they primarily reflect oil price movements without direct impact on margins [3] - The company's ability to manage inventories efficiently and implement disciplined pricing strategies is crucial for capturing value growth [4] Financial Performance - The Energy Distribution business experienced strong growth, with volumes increasing by 6% and overall unit margins rising by 3%, resulting in a total margin increase of 9% year-on-year [5] - Key drivers of this solid performance included significant growth in bitumen volumes, which were up 17% year-on-year, primarily due to strong demand in Nigeria [6]