EIPAF 6-K

Eni Spa (E)

6-K 2026-03-24 For: 2026-03-19

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Added on April 07, 2026

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	Eni S.p.A.

	/s/ Giulia Saba
	Name: Giulia Saba
	Title: Head of Corporate
	Secretary’s Staff Office

	Full Year
(€ million)	2025	2024
Sales from operations	82,151	88,797
Other income and revenues	1,478	2,417
Total revenues	83,629	91,214
Purchases, services and other	(67,056)	(71,114)
Impairment reversals (impairment losses) of trade and other receivables, net	(11)	(168)
Payroll and related costs	(3,229)	(3,262)
Other operating (expense) income	641	(352)
Depreciation, Depletion and Amortization	(7,349)	(7,600)
Impairment reversals (impairment losses) of tangible, intangible and right of use assets, net	(1,582)	(2,900)
Write-off of tangible and intangible assets	(33)	(580)
OPERATING PROFIT (LOSS)	5,010	5,238
Finance income	7,196	7,715
Finance expense	(8,170)	(8,980)
Net finance income (expense) from financial assets measured at fair value through profit or loss	235	388
Derivative financial instruments	(80)	278
FINANCE INCOME (EXPENSE)	(819)	(599)
Share of profit (loss) of equity-accounted investments	1,161	866
Other gain (loss) from investments	426	984
INCOME (EXPENSE) FROM INVESTMENTS	1,587	1,850
PROFIT (LOSS) BEFORE INCOME TAXES	5,778	6,489
Income taxes	(3,020)	(3,725)
NET PROFIT (LOSS)	2,758	2,764
attributable to:
- Eni's shareholders	2,608	2,624
- Non-controlling interest	150	140

Earnings per share (€ per share)
- basic	0.78	0.79
- diluted	0.78	0.78
Weighted average number of shares outstanding (million)
- basic	3,024.8	3,167.0
- diluted	3,088.1	3,230.4

(€ million)
	Dec. 31, 2025	Dec. 31, 2024
ASSETS
Current assets
Cash and cash equivalents	8,100	8,183
Financial assets measured at fair value through profit or loss	6,991	6,797
Other financial assets	3,710	1,085
Trade and other receivables	12,436	16,901
Inventories	5,143	6,259
Income tax assets	539	695
Other assets	3,943	3,662
	40,862	43,582
Non-current assets
Property, plant and equipment	50,536	59,864
Right of use assets	5,184	5,822
Intangible assets	6,022	6,434
Inventory - compulsory stock	1,187	1,595
Equity-accounted investments	13,155	14,150
Other investments	1,329	1,395
Other financial assets	1,109	3,215
Deferred tax assets	6,716	6,322
Income tax assets	125	129
Other assets	2,839	4,011
	88,202	102,937
Assets held for sale	8,005	420
TOTAL ASSETS	137,069	146,939

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term debt	4,929	4,238
Current portion of long-term debt	3,434	4,582
Current portion of long-term lease liabilities	1,263	1,279
Trade and other payables	20,261	22,092
Income taxes payable	343	587
Other liabilities	4,039	5,049
	34,269	37,827
Non-current liabilities
Long-term debt	20,139	21,570
Long-term lease liabilities	4,437	5,174
Provisions for contingencies	14,580	15,774
Provisions for employee benefits	596	681
Deferred tax liabilities	4,805	5,581
Income taxes payable	40	40
Other liabilities	3,390	4,449
	47,987	53,269
Liabilities directly associated with assets held for sale	2,026	195
TOTAL LIABILITIES	84,282	91,291

Share capital	4,005	4,005
Retained earnings	33,209	32,552
Cumulative currency translation differences	1,936	8,081
Other reserves and equity instruments	8,964	8,406
Treasury shares	(2,782)	(2,883)
Net profit (loss)	2,608	2,624
Total Eni shareholders' equity	47,940	52,785
Non-controlling interest	4,847	2,863
TOTAL SHAREHOLDERS' EQUITY	52,787	55,648
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	137,069	146,939

	Full Year
(€ million)	2025	2024
Profit (loss)	2,758	2,764
Adjustments to reconcile profit (loss) to net cash provided by operating activities:
Depreciation and amortization	7,349	7,600
Impairment losses (impairment reversals) of tangible, intangible and right of use, net	1,582	2,900
Write-off of tangible and intangible assets	33	580
Share of (profit) loss of equity-accounted investments	(1,161)	(866)
Gains on disposal of assets, net	(99)	(601)
Dividend income	(242)	(227)
Interest income	(444)	(497)
Interest expense	1,256	1,245
Income taxes	3,020	3,725
Other changes	(515)	(158)
Cash flow from changes in working capital	2,735	1,286
- inventories	916	68
- trade receivables	3,214	1,145
- trade payables	(835)	110
- provisions for contingencies	(554)	(87)
- other assets and liabilities	(6)	50
Net change in the provisions for employee benefits	(79)	(105)
Dividends received	1,785	1,946
Interest received	358	456
Interest paid	(1,269)	(1,130)
Income taxes paid, net of tax receivables received	(3,737)	(5,826)
Net cash provided by operating activities	13,330	13,092
Cash flow from investing activities	(9,999)	(11,782)
- tangible assets	(8,702)	(7,999)
- intangible assets	(527)	(486)
- prepaid right of use		(5)
- consolidated subsidiaries and businesses net of cash and cash equivalent acquired	(196)	(1,795)
- investments	(682)	(798)
- securities and financing receivables held for operating purposes	(89)	(185)
- change in payables in relation to investing activities	197	(514)
Cash flow from disposals	2,040	2,496
- tangible assets	1,414	1,354
- intangible assets	4	21
- consolidated subsidiaries and businesses net of cash and cash equivalent disposed of	118	887
- investments	135	526
- securities and financing receivables held for operating purposes	98	69
- change in receivables in relation to disposals	271	(361)
Net change in receivables and securities not held for operating purposes	(1,339)	(531)
Net cash used in investing activities	(9,298)	(9,817)

	Full Year
(€ million)	2025	2024
Increase in long-term financial debt	1,884	3,516
Repayments of long-term financial debt	(4,163)	(4,748)
Payments of lease liabilities	(1,250)	(1,205)
Increase (decrease) in short-term financial debt	(276)	(61)
Dividends paid to Eni's shareholders	(3,080)	(3,068)
Dividends paid to non-controlling interests	(277)	(45)
Capital contribution by non-controlling interests	709	589
Sale (purchase) of additional interests in consolidated subsidiaries	5,072
Other contributions	9	14
Purchase of treasury shares	(1,896)	(2,012)
Net issuance (repayment) of perpetual subordinated bonds	(18)	1,778
Coupon payment on perpetual subordinated bonds	(310)	(138)
Net cash used in financing activities	(3,596)	(5,380)
Effect of exchange rate changes and other changes on cash and cash equivalents	(198)	83
Net increase (decrease) in cash and cash equivalents	238	(2,022)
Cash and cash equivalents - beginning of the year	8,183	10,205
Cash and cash equivalents - end of the year	8,421	8,183