Eni's Financial Leap in Q4 2024

Eni S.p.A., the Italian energy giant, has reported a remarkable 43% increase in its net profit for the fourth quarter of fiscal 2024, totaling €247 million. This significant growth highlights the company's robust financial health and strategic resilience in a fluctuating energy market.

Operational Performance and Revenues

Despite a 4.6% decline in sales from operations to €23.5 billion compared to the same period last year, Eni's total revenues saw a 4% uplift, reaching €24 billion. The quarter witnessed an operating loss of €363 million, a stark contrast to the previous year's operating profit of $856 million. However, earnings per diluted share experienced a 40% surge, climbing to €0.07 per share.

Annual Financial Overview

Looking at the full fiscal year 2024, Eni faced a 45% decrease in net profit attributable to its shareholders, amounting to €2.6 billion. Similarly, earnings per diluted share saw a 43.6% reduction, settling at €0.79 per share. These figures reflect the challenges and volatilities encountered by the energy sector throughout the year.