- Retains structure of a progressive regular dividend, plus an additional variable dividend when leverage ratio is below 30%.
- Basis for shareholder distributions starting in 2026 will be amended: OMV will distribute 50% of Borouge Group International (BGI) dividends attributable to OMV, plus 20–30% of operating cash flow excluding BGI dividends attributable to OMV.
- Increased dividend per share compared to current dividend policy on a pro-forma basis for financial year 2024
- New dividend policy will apply starting with the financial year 2026, with dividends to be paid in 2027; Current dividend policy will continue to apply for the financial year 2025, with dividends to be paid in 2026.
OMV has established a strong track record of attractive and competitive shareholder distributions. Building on this, the company is pleased to announce an adjustment to its dividend policy, effective from the financial year 2026 with the first payout in 2027. This change is driven by the announced Borouge Group International (BGI) transaction to create a global polyolefins leader together with ADNOC, in which OMV and ADNOC will each hold 46.94%. Closing of this transaction is expected in the first quarter of 2026. The formation of BGI will result in the deconsolidation of Borealis and the introduction of substantial BGI dividends. The revised policy ensures that OMV shareholders benefit from BGI’s performance, while maintaining OMV’s strong track record of attractive and competitive shareholder distributions.
Under the new policy, the general principle of a progressive regular dividend plus an additional variable dividend, the latter when the leverage ratio is below 30% and sufficient funds are available, is retained. However, the basis for the shareholder distributions will be amended to reflect the new company structure: OMV will now distribute 50% of BGI dividends attributable to OMV plus 20–30% of Operating Cash Flow excluding BGI dividends attributable to OMV. This approach will ensure that OMV shareholders can directly benefit from the BGI transaction.
On a like-for-like basis, the dividend paid in 2025 for the 2024 financial year would have shown an improvement, based on a pro forma analysis of 2024 financials with BGI included. Despite lower overall operating cash flows, the adjusted dividend policy — applying the 28% payout from operating cash flow for the dividends paid in 2025 — would have raised the dividend per share by approximately 30 cents or 6%. The new policy is designed to be more resilient and robust, supported by the substantial floor dividends from BGI, which provide a stable and secure cash inflow with additional upside potential.
OMV remains committed to maintaining its financial strength and flexibility through a strong balance sheet, and will continue to prioritize a leverage ratio of below 30% to safeguard stability in today’s unpredictable market and geopolitical climate.
Alfred Stern, OMV Chairman and CEO: “We have been very consistent and reliable in our dividend payments to shareholders over the last decade despite the market volatility and we remain committed to it in the future. Our decision to adjust our dividend policy is a direct response to the Borouge Group International (BGI) transaction and the new structure of our business. OMV’s progressive regular dividend remains the core of our shareholder distributions and our main priority. By linking the dividend to the performance of BGI, we are ensuring that our shareholders participate directly in the success of BGI, while maintaining our commitment to attractive and reliable returns. This new framework further strengthens our ability to deliver value to shareholders across market cycles, while supporting OMV’s long-term growth ambitions.”
The current dividend policy, which provides for a payout of 20–30% of operating cash flow, will remain in effect for the 2025 financial year, with dividends to be paid in 2026.
Please note: This dividend policy represents the current aim of the Executive Board and the Supervisory Board of OMV and may be revised in the future. Dividend payments in any given year are subject to specific proposals by the Executive Board and the Supervisory Board, each of which may elect to deviate from this policy if appropriate under prevailing circumstances, as well as to the decision of the Annual General Meeting.
About OMV Aktiengesellschaft
It is our purpose to re-invent essentials for sustainable living. OMV is transitioning to become an integrated sustainable energy, fuels and chemicals company with a focus on circular economy solutions. By gradually switching over to the low carbon business, OMV is striving to achieve net zero by 2050 at the latest. In 2024, the company generated revenues of 34 billion euros with a diverse and talented workforce of around 23,600 employees worldwide. OMV shares are traded on the Vienna Stock Exchange (OMV) and in the US on OTCQX (OMVKY, OMVJF). For more information, please visit www.omv.com.