E · Eni S.p.A.

Eni S.p.A.'s shareholder meeting on May 6, 2026, approved the 2025 statutory financial statements showing a net profit of €4.429 billion, fully allocated to reserves rather than dividends, signaling strong liquidity for future distributions. The approval of a €1.1 per share dividend for 2026, payable in four tranches from reserves including the Law 342/2000 revaluation reserve (reduced by €2.84 billion), provides predictable shareholder returns amid potential cash flow variability. The authorization for a €4 billion share buyback program through April 2027, targeting up to 303 million shares (about 10% of share capital), primarily for shareholder remuneration (297.9 million shares) and the LTI plan (5.1 million shares), supports capital return and executive incentives. Purchases will occur on Euronext Milan within 10% of prior day's official price, with the first tranche of 5.1 million shares launching imminently. Board renewal sets a nine-member board under Chairman Giuseppina Di Foggia for three years to 2028, reconfirming CEO Claudio Descalzi for operational leadership. Independent committees enhance governance: Control and Risk (Vermeir chair), Nomination and Remuneration (Sgubin chair), and Sustainability (Dittmeier chair). These actions reinforce Eni's commitment to shareholder value through dividends, buybacks, and aligned incentives.