- Net income for the first nine months of 2025 was €1.177 billion, 34.3% lower than 2024.
- Adjusted income was €2.173 billion, 19% less than in 2024.
- Q3 net income more than doubled to €574 million compared to the previous year.
- Gross cash dividend to exceed €1 per share in 2026 after an 8.3% increase in 2025.
Financial Performance
Repsol reported a net income of €1.177 billion for the first nine months of 2025, marking a 34.3% decrease compared to the same period in 2024. This decline was primarily due to the impact of lower crude oil prices on inventories. Adjusted income, which reflects business performance, was €2.173 billion, down 19% from 2024.
Quarterly Results
Despite market volatility and geopolitical uncertainty, Repsol's businesses improved their results in the third quarter of 2025. Net income for the quarter more than doubled to €574 million compared to the same quarter in the previous year. Adjusted income for the third quarter increased by 47% to €820 million, surpassing analyst expectations.
Dividend Outlook
The company announced that the gross cash dividend is expected to exceed €1 per share by 2026, following an 8.3% increase in 2025.
