Eni Q4 adjusted net income up 35% to €1.2bn, production up 7%
Eni’s Q4 adjusted net income rose 35% to €1.2bn, while adjusted EBIT increased 6% to €2.86bn and cash flow from operations climbed to €3.01bn. Production accelerated by over 7% to 1.84 mboe/d as exploration-driven start-ups boosted output.
1. Q4 2025 Financial Highlights
Eni delivered adjusted net income of €1.2bn in Q4 2025, up 35% from €885m a year earlier, while adjusted net profit before taxes rose 4% to €2.01bn. Proforma adjusted EBIT climbed 6% to €2.86bn, and cash flow from operations reached €3.01bn.
2. Production Growth
In the quarter, oil and gas output reached 1.84 million barrels of oil equivalent per day, marking more than 7% year-on-year growth. Full-year production averaged 1.73 mboe/d, driven by expedited and smooth start-ups and ramp-ups in key fields.
3. Full-Year Performance
For full-year 2025, adjusted net profit before taxes declined 17% to €9.2bn and net profit edged down 1% to €2.6bn, reflecting margin pressures despite higher production volumes.
4. Exploration and Investment Developments
During 2025, Eni added around 900 million boe from exploration and made high-impact discoveries in Namibia, Indonesia and Angola. The company took FID on the Coral North FLNG project with first start-up expected around 2028, advanced a 12 mtpa Argentina LNG project towards FID and formed a new 50:50 upstream hub with Petronas targeting 0.5 mboe/d plateau.