Eni(US:E)2025-07-25 12:00Financial Highlights - The company's EBIT pro forma reached €64 billion[7], with an EBIT of €45 billion[7] - Net profit amounted to €25 billion[7] - Cash flow from operations (CFFO) totaled €62 billion[7] - Organic capital expenditure (CAPEX) was €39 billion[7], while leverage stood at 19% (pro forma 10%)[7] - The company repurchased 15% of its equity in H1 through a new share buyback program launched in May[20] Operational Achievements - Start-up of SAF production at Gela biorefinery and launch of a new biorefinery project in Sannazzaro[9] - Advanced PV plants in Spain with +290 MW under construction and +130 MW in operation[10] - The company completed a 30% investment by KKR into Enilive and a 10% investment by EIP into Plenitude[12] - LNG sales increased by +27% year-over-year[55] - Renewable energy production increased by 23% year-over-year[62] Portfolio and Strategy - A framework agreement with Petronas for a business combination in Indonesia-Malaysia was established, targeting >300 kboed of initial production and >500 kboed in 4-5 years[8, 25] - The company is targeting a ROACE greater than 15% for GNR and ENILIVE by 2030[5] - The company is reducing leverage towards historically low levels[5] - The company is keeping the company 25YE proforma leverage in a 15%-20% range[27]