Repsol expects to earn €1.899 billion in 2025 and significantly increase its dividend to shareholders.

MadridRepsol posted a net profit of €1.899 billion in 2025, an 8.1% increase compared to the previous year's €1.756 billion, as reported by the company to the Spanish National Securities Market Commission (CNMV) on Thursday morning. Adjusted net income from its core business – which measures the performance of its operations (exploration and production, manufacturing, customers, etc.) and excludes extraordinary items – reached €2.568 billion, a 15.1% decrease compared to 2024. [The company also anticipates an extraordinary gain of up to €1.9 billion in 2026, taking into account the dividend and share buybacks.] Specifically, the goal is to distribute a gross cash dividend of €1.051 per share this year, representing a 7.8% increase compared to 2025, and already including the €0.50 paid in January. In a statement, Repsol explains that its 2025 results were affected by a context marked by the "challenges" stemming from geopolitical and economic uncertainty and the resulting volatility in energy markets. As an example, it cites the 14.5% drop in the price of Brent crude to an average of $69 per barrel. Repsol also points to the impact of the massive power outage on April 28th on its accounts. The blackout caused the shutdown of its five refineries, as well as its three major petrochemical plants in Spain and Portugal. This was compounded by the inactivity of its service stations and other establishments. A few months ago, the oil company already opened the door to "possible legal action." In this regard, looking at the industrial business (basically, its industrial complexes), the adjusted net profit for this area stood at €963 million at the end of 2025, 33.4% less than in 2024. This reflects the volatility of raw materials, but also lower electricity results. However, Repsol's adjusted gross operating profit (EBITDA) reached €5.312 billion in 2025, a decrease of 12.2%. "2025 has been a year of solid achievement for Repsol, with significant progress across all our priorities. Taking into account macroeconomic, regulatory, and geopolitical changes, it is time to update our operational and financial metrics, although our strategic principles remain unchanged," the company added in a statement. Repsol plans to update its strategy on March 10.