MOL Proposes Delayed Dividend Amid Political Tensions

Hungary's oil company MOL suggested delaying its 2025 financial year dividend to the third quarter of 2026, following pressure from newly elected Peter Magyar. Magyar opposes payouts to the Mathias Corvinus Collegium (MCC), a think tank linked to Viktor Orban. MOL assures compliance with legal and traditional practices.

Hungarian oil giant MOL announced a proposal to defer its 2025 financial year dividend payment, targeting the third quarter of 2026 for disbursement.

The announcement comes in the wake of recent electoral changes, with Peter Magyar, the victorious candidate, urging MOL to avoid paying a significant dividend to the Mathias Corvinus Collegium (MCC), an educational institution closely associated with Viktor Orban.

MOL emphasized that the dividend decision aligns with its customary practice and complies with all legal standards, aiming to mitigate potential political friction.

(With inputs from agencies.)