Eni S.p.A. reported its fourth quarter and full year 2025 results, disclosing an adjusted net profit of €1.20 billion for 4Q and €4.99 billion for the full year. The Board approved the third tranche of the 2025 dividend at €0.26 per share and provided 2026 guidance targeting oil and gas production growth and gearing between 10-15%.
Key takeaways
4Q 2025 adjusted net profit was €1.20 billion, an increase of 35% compared to 4Q 2024.
Full year 2025 adjusted net profit totaled €4.99 billion, a decrease of 5% compared to 2024.
The Board approved the third tranche of the 2025 dividend at €0.26 per share, payable on March 25, 2026.
Full year 2025 hydrocarbon production averaged 1,728 kboe/d, up 1% year-over-year.
2026 outlook projects gross capex of €7 billion and gearing between 10-15%.
Net borrowings decreased to €9.4 billion as of December 31, 2025, resulting in a proforma gearing of 14%.