Naturgy achieved a record profit of 2.023 billion in 2025

MadridNaturgy, the leading gas company and third largest electricity provider in Spain, posted a record profit of €2.023 billion in 2025, a 6.4% increase compared to the €1.901 billion earned in 2024, the company announced on Wednesday. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached €5.334 billion, maintaining the record levels achieved in 2024. The company, chaired by Francisco Reynés, emphasized in a statement that it met its forecasts despite the challenging international environment. Group sales soared to €19.455 billion in 2025, a slight increase compared to the previous year, primarily due to higher gas and electricity prices and increased production from combined cycle gas turbine (gas-fired) plants in Spain. Naturgy notes that throughout the past year, gas and electricity prices remained on average above 2024 levels due to geopolitical tensions and macroeconomic uncertainty. Naturgy also reported that the board of directors unanimously decided to propose to the general shareholders' meeting the re-election of Francisco Reynés as the company's executive chairman until 2030. Reynés' term was due to end in 2027, so his responsibilities will now be expanded. Furthermore, Naturgy will restructure its shareholding following the self-takeover bid and the start of BlackRock-GIP's exit process. The company reported that the Australian fund IFM will now have a third board member, while BlackRock will have only two.