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Orbán Viktor's Family Business Yields Significant Dividends

Orbán Viktor's Family Business Yields Significant Dividends

The family’s mining enterprises report substantial profits, with major payouts to shareholders.
In the past fiscal year, mining companies associated with the Orbán family have reported impressive financial performances.

The primary entity, Dolomit Kőbányászati Kft., increased its annual revenue from 4.8 billion forints to 6.5 billion forints, yielding a net profit that rose from 1.8 billion forints to 2.68 billion forints.

Major stakeholders, including Orbán Győző, who holds a 51.16% share, extracted nearly the entire profit as dividends, significantly increasing the family’s wealth by approximately 1.375 billion forints.

The family’s other mining endeavor, Gánt Kő Építőanyag-gyártó és Kereskedelmi Kft., while experiencing a decrease in revenue from 283 million forints to 156 million forints, managed to turn a profit of 188.9 million forints, which was not distributed as a dividend.

Orbán Győző's third business, PSU Kft., operates as a property-owning company, specifically managing the land of the Alcsútdobozi golf course, leased to a firm associated with business magnates Mészáros and Tiborcz.

In 2023, this company yielded roughly 4 million forints in profit, which was retained within the business instead of being disbursed.

In a related context, Defense Minister Kristóf Szalay-Bobrovniczky, appointed in May 2022, reported a dividend payout of 942 million forints from London Capital Zrt, following a profitable year where the company transitioned from a substantial loss the prior year to a net profit of 1.385 billion forints in 2024. Despite facing losses in 2023, the minister was able to distribute dividends utilizing previous retained earnings, indicative of the company’s financial resilience despite operational challenges.

Meanwhile, the financial landscape for Szalay-Bobrovniczky's other enterprise, Uj Clinic Kft., appears more precarious, having recorded a continuous negative equity situation, marking losses that necessitate regulatory compliance actions to rectify.

Separate from these developments, a luxury villa owned by Schadl György, who is under house arrest amidst corruption allegations, was highlighted by opposition politician Ákos Hadházy in a public post, indicating that Schadl is living in significant comfort during his detention, with allegations of luxury items visible in promotional media.

Additionally, the Országos Dohányboltellátó Kft., a significant player in the tobacco distribution market, reported record profits of 10.2 billion forints, drawing on substantial revenues that surged by 70 billion forints to a total of 1,123 billion forints.

This entity, benefiting from a monopolistic regulatory environment established in 2015, has seen its profits consistently reinvested into dividend distributions, with a total of roughly 53 billion forints disbursed over its operational history.
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