SAN DONATO MILANESE, ITALY (By Eni, 25.Jul.2025, Words: 291) — Eni‘s Board of Directors, chaired by Giuseppe Zafarana, yesterday approved the unaudited consolidated results for the second quarter and first half 2025.
As a result, Eni CEO Claudio Descalzi said:
“Eni’s consistent strategic focus has produced excellent results in Q2 ’25. The economic environment remains challenging, but Eni’s business model is strong and flexible. Strict financial discipline, a stronger portfolio, and low breakeven projects support this resilience and ensure a self-funded growth strategy. At the same time, we continue to deliver value for shareholders while keeping the balance sheet stronger than ever.
In this quarter, we have continued to deliver both growth and value in all our businesses. In our transition-related satellites, we agreed to a 20% investment by Ares in Plenitude and established a new JV with GIP for our CCUS. Meanwhile in our upstream, we are on track to launch the Eni-Petronas satellite, focused on extracting value from gas resources in Indonesia and Malaysia. Additionally, the expected sanctioning of the world-class Argentina LNG project marks another milestone in the expansion of our global LNG activity. Finally, we have identified additional cash initiatives that will generate around €3 bln of cash contribution over the year.
Our operational performance delivered €2.7 bln of proforma adjusted EBIT, €1.13 bln of adjusted net profit and €2.8 bln of adjusted cash flow, largely exceeding funding requirements for capex of €2 bln. Despite currency headwinds, we maintained proforma leverage at 0.10 at the low end of our stated range. Looking ahead, we believe our strong financial position, unique and differentiated strategy and ability to be flexible and agile, mean we are well positioned to navigate the current market volatility and continue to deliver leading shareholders’ returns.”
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