Over 15,000 shareholders, 1,536 employees in the refinery and in the administrative services of the parent company, as well as the 6 employees, senior managers led by the President and CEO Giannis V. Vardinoyannis, are the main recipients of multi-faceted financial benefits by Motor Oil.
The business giant with 8.9 billion assets complements on 6 August 25 years on the Athens Stock Exchange, where it is now valued at 4.1 billion euros.
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In last year's company profits Motor Oil This is the third best performance in its history.
The annual regular general meeting convened on 17 June is expected to ratify the distribution of a dividend totaling EUR 193.87 million. Amount increased by 25% and corresponding to EUR 1.75 per share, before tax. It is translated into a share return of 5.57% if it is taken into account that the share had closed at 31.40 euros at the end of last year. While yesterday it was 17.8% higher as it closed at 36.98 euros. Following its 53.9% rise during 2025.
Since a premium of EUR 0,35 per share has already been granted, the remaining financial distribution of EUR 1,40 per share will be paid on 3 July.
In her 25-year presence in «temple» Motor Oil has produced 5.25 billion net profits as a group, paid 2.4 in taxes (regular and extraordinary) and distributed 2,379,618 euros to shareholders. That's 21.48 euros per share.
Anyone who was placed in the company on the stock exchange (in 2001, with a disposal price of EUR 10.3 per share) now counts a total return of 470.5% from dividends and goodwills. It's like he's interested his initial capital with a locked, fixed, annual interest rate of 18.8%...
Evolution which fully confirms the following: «dogma» the late and iconic leader of Motor Oil Vardi Vardinoyannis, who had in the first place stressed that «The company will always be close to the shareholders, with the dividends that will offer them unreservedly».
Bonus and average earnings of EUR 85,410
He, of course, had a high level of sensitivity for workers, emphasising how « As they respect the company, so does she.». Thus, it has now received a timeless character and their sustained reward, not only with satisfactory wages, but also with Bonuses from Motor Oil's distributed profits.
At the forthcoming General Assembly it is expected to receive the «green light» the distribution of EUR 9 million to the company's employees equals almost an additional average salary. However, having the advantage of significantly lower tax burden on recipients of the extra remuneration, because of their contribution to increased economic results. Bonus has withheld 5% as much as dividend, while income on the scale has a tax rate of up to 44%.
The average gross remuneration for 1,536 employees in the refinery and the company's administrative services (excluding members of the Board) reached EUR 85,410 last year. Against EUR 84,860 in 2024. Where Bonus accounted for 1.5 average salary.
In fact, the employees in Motor Oil is at the top of the pay scale, among all listed companies. In fact, over the last five years the cumulative increase in their average wages is 25.9% as in 2020 the earnings were at the levels of 67,860 euros.
The new increases and how the pay puzzle is
Even days ago during the visit of Giannis Vardinoyannis to the Refinery of Saints Theodora and his meeting with workers' union representatives, he announced an increase of 5% in basic wages and an increase in the wedding present from 300 to 500 euros. While leaving open the possibility of closing the year with an extra Bonus supply.
At the beginning of their working life, workers at Motor Oil receive Christmas and Easter gifts annually, as well as the summer holidays allowance, 14 monthly salaries in total.
After 10 years of staying at the company, so the Easter gift as well as the summer vacation allowance are doubled. Thus workers eventually reach 15 monthly salaries per year.
At the same time, each employee receives automatic increases at intervals of three years. These time-limits are calculated on basic salary.
The first increase is 7% and all other increases per three years to 5%. There is a ceiling on the percentage of time allowances. Which reaches 47% for Central Office employees (after 27 years in the Company) and 57% for workers in the Refinery, after 33 years.
In addition, Motor Oil's health programme is provided to all employees and covers hospital care costs of up to EUR 40,000 per hospitalisation incident for the employee and dependent family members.
On the other hand, the company's pension scheme is also provided to all employees and grants a total amount, equal to the number of working years of the employee, multiplied by its final basic salary.
The X-ray of Vardinoyannis earnings
At the General Assembly of 17lon The distribution of €6.4 million from last year's profits to members of the Board of Directors and senior management of the company is expected to be approved. As highlighted « the conservatively higher maximum amount proposed for distribution (out of EUR 6 million of the year 2024) is justified on the basis of the increased net profitability of the company in 2025». In practice, the Bonus of executives will reach 6, 84m euros, since as tenants in Motor Oil they also receive the proportional premium from the offered to employees.
In the role of administrative leader Giannis V. Vardinoyannis is the one who is instrumental in shaping «new era» for the business group, with a central axis of activities in the wider energy sector. The Bonus provided accounts for EUR 6,150,000. While the remaining 690,000 euros are directed in order to Deputy CEOs Ioannis Kosmadakis and Petros Tzannetakis, as well as to Matthew Steikakis, George Pursanidis and Niki Stufis.
Ο Πρόεδρος και CEO της Motor Oil Γιάννης Βαρδινογιάννης πέραν της μεταβλητής αυτής αμοιβής ( που είναι χαμηλότερη κατά 115.000 από το 2024) λαμβάνει και σταθερές αμοιβές. Οι οποίες ανήλθαν πέρσι σε 382.000 ευρώ, προερχόμενα από μισθολογικές απολαβές, εταιρικές παροχές και τη συμμετοχή του ώς μέλος του Δ.Σ. Κατά συνέπεια το σύνολο των αποδοχών του ανέρχεται σε 6.532.000 ευρώ μικτά.
Tον Απρίλιο 2025 διετέθησαν σε 5 μέλη Δ.Σ. συνολικά 186.707 μετοχές της Μotor Oil από το χαρτοφυλάκιο ιδίων μετοχών που διαθέτει η εταιρεία. Έναντι τιμήματος 16,56 ευρώ ανά μετοχή και κατόπιν ωρίμανσης και άσκησης εκ μέρους των δικαιούχων των δικαιωμάτων προαίρεσης απόκτησης μετοχών. Ο Γιάννης Βαρδινογιάννης έλαβε 153.942 μετοχές. ενώ άλλες 32.765 μετοχές εν συνόλω έλαβαν οι Κοσμαδάκης, Τζαννετάκης, Προυσανίδης και Στειακάκης.
Το κόστος κτήσης για το σύνολο των μετοχών ήταν περίπου 3,09 εκατ. ευρώ. Κατά την ημέρα της πίστωσης των μετοχών η τιμή στο χρηματιστήριο ήταν 21,30 ευρώ, ενώ τώρα είναι στα 36,98 ευρώ. Με αποτέλεσμα να έχουν προκύψει υπεραξίες 3,8 εκατ. ευρώ.
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Motor Oil: Bonus 6,4+9 εκατ. ευρώ σε στελέχη και εργαζόμενους
