Neste Achieves Record Quarterly Performance Amidst Market Challenges

Neste Corporation has released its financial report for the second quarter of 2026, detailing the company's achievement of its highest-ever quarterly results. Despite what the company describes as an exceptional market environment, Neste reported significant growth and improved financial metrics.

Key Financial Highlights: $

For the second quarter, comparable EBITDA reached EUR 1,203 million, a substantial increase from EUR 341 million in the same period last year. The comparable sales margin for renewable products stood at USD 1,223 per ton, up from USD 361 per ton. The total refining margin for oil products was USD 25.8 per barrel, compared to USD 10.0 per barrel.

For the first half of the year, January to June, comparable EBITDA amounted to EUR 2,064 million. Cash flow before financing activities was EUR 164 million, a decrease from EUR 226 million in the prior year.

The company stated that the long-term fundamentals for its renewable products segment are strengthening. The strong financial performance was attributed to a significantly improved sales margin, particularly in oil products, which benefited from high refining margins.

Neste continues to focus on executing its strategy to enhance supply chain efficiency and identify new growth opportunities within the renewable fuels market.