Overview
- Revenue for the first nine months reached €59.702 billion, up 3.6% year over year, driven by higher wholesale commodity sales in a context of rising average prices.
- Ordinary EBITDA rose 0.9% to €17.2 billion, while the ordinary net result increased 4.5% to €5.703 billion.
- The board approved an interim dividend of €0.23 per share, a 7% increase, with payment starting on 21 January 2026.
- Net financial debt stood at €57.535 billion, up 3.2% versus end‑2024, with operating cash flow, hybrid bond issuances and favorable FX partly offsetting funding needs for investments, dividends, buybacks and completed transactions.
- Management reaffirmed 2025 guidance, targeting ordinary EBITDA of €22.9–€23.1 billion and indicating ordinary net income slightly above the high end of the €6.7–€6.9 billion range.