The Italian energy company Eni obtained a net profit of 2,608 million euros in 2025, which represents a drop of 1% compared to the previous year, the oil company reported this Thursday, 26th, after approving the results.
The company further explained that adjusted net profit in 2025 was 4,989 million euros, 5% less compared to the previous year.
Pro forma adjusted operating profit was €12,223 million, 15% less, and adjusted net profit before tax was €9,233 million, 17% less than in 2024.
In the fourth quarter, net profit was 90 million euros, 61% less compared to the same period in 2024, while adjusted net profit was 2,011 million euros, 35% more compared to the last quarter of the previous year and exceeding the analysts’ consensus forecast of 960 million euros prepared by the company.
In 2025, net investments reached R$8,521 million, 3% less than in 2024.
Operating cash flow reached 3,000 million euros, an increase of 4%. Cash flow, much higher than expected, and active portfolio management contributed to reducing the debt ratio to the historically low level of 14%, the group reported.
As of December 31, 2025, the group had a net debt of R$9,386 million, which represents a 23% drop compared to R$12,175 million last year.
Eni also reported production growth of more than 7% in the period 2022-2025, reaching 1.84 million barrels of oil equivalent per day in the fourth quarter.
“In 2025, we achieved structurally solid results in industrial and economic financial terms, thanks to the execution of our strategy, built over the last few years”, commented the CEO, Claudio Descalzi, after the board of directors meeting that approved the accounts.
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