Dividend Policy

Luberef remains committed to creating sustainable shareholder value through a balanced and transparent dividend policy. The Company’s approach is designed to provide regular returns to shareholders while ensuring sufficient flexibility to support growth investments, maintain financial resilience, and fund future expansion.

Under the revised policy approved by the Board in February 2024, dividends are based on free cash flow generation, targeting distributions of 60%–80% of annual free cash flows after accounting for capital expenditure and other financial requirements. Interim dividends may be declared by the Board on a quarterly or semi-annual basis, subject to the necessary General Assembly authorization.

Dividend decisions consider several factors, including profitability, cash position, capital needs, market conditions, and compliance with regulatory and financing requirements. The Board retains discretion to adjust or suspend distributions where prudent to preserve long-term value and financial stability.