Eni S.p.A. Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,758	2,764	4,860	13,961	5,840
Depreciation & Amortization	7,349	7,600	7,479	7,205	7,063
Other Adjustments	488	7,318	8,675	4,034	3,104
Change in Receivables	3,214	68	1,792	-2,528	-7,888
Changes in Inventories	916	1,286	1,811	-1,279	-2,033
Changes in Accounts Payable	-835	1,145	3,322	-1,036	7,744
Changes in Other Operating Activities	-560	23	-4,726	4,312	-969
Operating Cash Flow	13,330	13,092	15,119	17,460	12,861
Operating Cash Flow Growth	1.82%	-13.41%	-13.41%	35.76%	167.71%
Capital Expenditures	-8,702	-8,004	-8,739	-7,703	-4,952
Sale of Property, Plant & Equipment	1,414	1,354	122	149	207
Purchases of Intangible Assets	-527	-486	-476	-356	-284
Proceeds from Sale of Intangible Assets	2	21	32	17	1
Purchases of Investments	-878	-983	-1,703	-2,025	-1,064
Proceeds from Sale of Investments	253	595	79	1,579	296
Payments for Business Acquisitions	-5	-1,795	-1,277	-1,636	-1,901
Proceeds from Business Divestments	-	887	395	-60	76
Other Investing Activities	-1,330	1,090	3,047	6,006	-3,865
Investing Cash Flow	-19,297	-21,599	-21,769	-17,811	-19,837
Net Short-Term Debt Issued (Repaid)	-276	-61	-1,495	1,375	-910
Net Long-Term Debt Issued (Repaid)	-2,279	-1,232	1,810	-3,944	666
Common Dividends Paid	-3,080	-3,068	-3,046	-3,009	-2,358
Other Financing Activities	2,039	-1,019	-2,937	-2,964	563
Financing Cash Flow	-3,596	-5,380	-5,668	-8,542	-2,039
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-198	83	-62	16	52
Net Cash Flow	238	-2,022	24	1,916	-1,148
Free Cash Flow	4,628	5,088	6,380	9,757	7,909
Free Cash Flow Growth	-9.04%	-20.25%	-34.61%	23.37%	-
FCF Margin	5.53%	5.58%	6.73%	7.30%	10.17%
Free Cash Flow Per Share	3.00	3.15	-	-	-
Levered Free Cash Flow	-1,779	3,381	4,233	12,817	12,430
Unlevered Free Cash Flow	7,851	4,281	3,070	12,586	13,598

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.