Spanish vitality main Repsol S.A. has posted a web revenue of EUR 603 million ($699 million) for the primary half of 2025, 62.9 % beneath the figures reported for the corresponding interval a yr in the past. Adjusted revenue stood at EUR 1.353 billion, down 36.4 % in comparison with the primary six months of final yr.
Repsol mentioned international geopolitical volatility and commerce tensions had affected outcomes.
“In a posh atmosphere, Repsol presents stable earnings, pushed by the rebound in Upstream manufacturing and the continued power of the Buyer space, as soon as once more highlighting the resilience of our built-in firm mannequin”, Josu Jon Imaz, Repsol’s Chief Govt Officer, mentioned. “All enterprise areas have improved their outcomes, each quarterly and half-yearly, aside from the Industrial division, which was impacted by the nationwide energy outage in Spain on April 28”.
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The adjusted revenue for the Exploration and Manufacturing (Upstream) sector was EUR 897 million ($1.03 billion) for January to June, marking a 3.2 % rise in comparison with 2024. The Buyer section continued its upward pattern with a 14 % development, reaching EUR 358 million ($415 million) through the semester. Within the Low Carbon Era division, adjusted revenue was EUR 12 million ($13.9 million), a rise of EUR 17 million ($19.7 million) over the primary half of 2024, Repsol mentioned.
The adjusted revenue for the Industrial enterprise was EUR 230 million ($266.6 million), representing a 77.4 % lower in comparison with the identical interval final yr. The decline was primarily attributable to the Spanish energy outage on April 28 and different electrical energy provide disruptions at Repsol’s industrial websites in Cartagena (April 22) and Puertollano (June 16), which had been resulting from exterior components past Repsol’s management, the corporate mentioned. These incidents are estimated to have impacted the corporate’s monetary outcomes by roughly EUR 175 million ($202.8 million). Repsol mentioned it’s at the moment evaluating potential authorized actions because it awaits the official willpower of accountability for the ability outage.
Repsol mentioned it had diminished its web debt by EUR 102 million from March to June 2025. Internet debt was EUR 5.73 billion ($6.64 billion) as of June.
From January to June 2025, gross investments totaled EUR 2.7 billion ($3.13 billion), primarily within the U.S., Spain, and Brazil. The corporate mentioned it rotated belongings price over EUR 1.2 billion ($1.4 billion), with practically EUR 500 million ($579.5 million) cashed in throughout this era.
Repsol’s complete tax contribution was EUR 6.09 billion ($7.05 billion), up EUR 286 million (4331.5 million) from 2024, together with EUR 4.12 billion ($4.77 billion) in Spain.
To contact the writer, e mail andreson.n.paul@gmail.com
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