ROMA (ITALPRESS) – The Board of Directors of Eni, met yesterday under the chairmanship of Giuseppe Zafarana, approved the consolidated results of the fourth quarter and the exercise 2025 (not audited). The effective implementation of the strategy is reflected in the excellent results of the fourth quarter and year. Operational goals have supported a resilient profitability, capable of absorbing largely the negative effects of upstream prices and change. Adjusted net income of the fourth quarter to Ç1,20 mld, in increase of 35% vs previous year; operating cash flow to Ç3 mld in increase of 4%. The cash flow much higher than the plan and the active management of the portfolio helped to reduce the debt ratio to the historically contained level of 14%. Launched six main projects in E&P in Angola, Indonesia, Norway and Congo. Annual production of 1,73 mln boe/day higher than expectations: Production growth of more than 7% in the period 2022-2025, reaching 1,84 mln boe/day in the fourth quarter; Organic reserve replacement rate at 167%, at the top of the industry. Exploratory activities have increased our resource base with 0.9 mld of new discoveries. Agreement with Petronas for the launch of JV in Indonesia and Malaysia; scheduled start from mid-2026 in line with plans; Significant progress towards the final investment decision of the Argentina LNG project, with YPF and XRG. GGP expansion in the GNL market with new long-term sales contracts in Turkey and Thailand. Significant progress in transition activities: Plenitude grows with the renewables of Neoen in France and with new customers from the ongoing acquisition of Acea Energia; Running a solid portfolio of biofuels projects to triple capacity at 2030; Investing 20% from the Ares Fund in Plenitude with a recess of Ç2 mld; establishing a joint venture with GIP for our CCS activities.
“In 2025 we achieved structurally solid results in industrial and economic-financial terms, thanks to the implementation of our strategy, built over the last few years. We have realized projects that are relevant to the expected time and cost, reducing our debt level and increasing the distribution for shareholders. Exploration & Production results were excellent, driven by production growth and cost containment. Annual production exceeded the guidance, recording an increase of 4%, supported by the start of six relevant projects. ” Thus Claudio Descalzi, AD of Eni commented the results of the fourth trimester and of the exercise 2025. “In addition, we have strengthened the medium-term production profile thanks to four important final investment decisions. We are finalizing our business combination with Petronas focused on the GNL market in Indonesia and Malaysia. Our transition business, Enilive and Plenitude, has generated significant growth and value, contributing to further diversify and consolidate the Group’s results. In a challenging market for renewables and low carbon products, these businesses have benefited from the resilience of our integrated models, obtaining a total enhancement by private equity investors of over 23 billion euros in terms of enterprise value.”.
“These advances in the execution of our strategy have resulted in significant financial results: the operating cash flow of 2025 has reached 12.5 billion euros, beating the revised plan forecast to take into account the worsening of the scenario, and the ratio of indebtedness on a proform basis has stood at 14%. At the same time, we have increased the distribution of shareholders, increasing the value of our buy-back program by 20%. In spite of a volatile context, in 2025 Eni demonstrated its ability to combine production growth, investment reduction, debt reduction and increase in remuneration,” Descalzi concluded.
– photo IPA Agency –
(ITALPRESS).
