On October 24, 2025, Eni SpA disclosed its third-quarter financial results for the fiscal year 2025. The company reported revenues of €20.5 billion for the quarter, a 2% decrease compared to the same period last year. Net profit reached €865 million, marking a significant year-on-year increase of 59%, while adjusted net profit was €1.25 billion (approximately $1.46 billion), surpassing analyst expectations of €1.02 billion, although it was slightly lower than last year’s €1.27 billion. The operating profit for the quarter was €1.3 billion, down 1% from the third quarter of 2024, and earnings per share (EPS) were €0.25, reflecting a 56% increase year-on-year.

The company emphasized that due to a significantly improved cash flow outlook and better-than-expected profit performance, it will expand its stock buyback program this year. According to the financial report, Eni's balance sheet benefits from a cost reduction plan initiated at the beginning of the year and measures to reduce debt through asset sales, with project increases further boosting cash reserves. Based on this financial condition, the company decided to increase its previously announced €1.5 billion stock buyback plan by 20% to €1.8 billion (approximately $2.1 billion). This adjustment is also supported by the expectation that net debt will approach a historic low and that efficiency measures are projected to yield €4 billion.

Previously, the company raised billions of euros by divesting its renewable energy and mobility sectors, strengthening its dividend distribution capabilities. Currently, Eni expects its operational free cash flow for 2025 to reach €12 billion, up from the earlier forecast of €11.5 billion. CEO Claudio Descalzi noted that strong production growth has led the company to raise its annual production forecast to 1.72 million barrels per day, reflecting capacity increases from new oil field developments in Congo, UAE, Qatar, and Libya, with production growth expected to accelerate in the coming months. He added that a merger plan for operations in Indonesia and Malaysia, in collaboration with Malaysia's state oil company, aims to establish a major participant in the Asian liquefied natural gas market. Specifically, in terms of third-quarter production data, Eni's hydrocarbon output reached 1.756 million barrels of oil equivalent per day, a 6% year-on-year increase, exceeding the company's analyst average forecast of 1.72 million barrels of oil equivalent per day.