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Quarterly results

Fourth quarter 2025 results

Repsol posts adjusted net income of €2.568 billion.

  • Repsol reported a net income of €1.899 billion in 2025, an increase of 8% compared to the previous year. Adjusted net income stood at €2.568 billion, 15% lower than in 2024.
  • The results were influenced by a challenging global backdrop, marked by geopolitical and economic uncertainty and volatility in the energy markets - driving a 14.5% decline in average Brent prices to $69 per barrel – as well as the impact of the general blackout that occurred in Spain on April 28.
  • Repsol made progress in its strategic priorities, consolidating shareholder remuneration, strengthening its asset portfolio, maintaining financial discipline, and developing profitable low-carbon initiatives.
  • The company paid a gross dividend of €0.975 per share in 2025, 8.3% higher than in 2024. Total shareholder remuneration stood at around €1.8 billion, in the higher range of the commitment made for the 2024-2027 period. In 2026, Repsol expects to allocate around €1.9 billion euros, in total. 

€1.051

Gross cash dividend for 2026 (+7.8%)

548,000

Average daily production of barrels of oil equivalent

€1.423  B

EBITDA of the Customer business (+20%)

Picto información

Press release

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Analysts' report

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Management report

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Financial statements

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Josu Jon Imaz, Consejero Delegado de Repsol

"2025 has been another year of solid performance for Repsol, with significant progress across all our priorities. In this context, and considering macroeconomic, regulatory, and geopolitical developments, the time has come to update our operational and financial metrics, while our strategic principles remain unchanged."  

2025

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Updated in March 2026