Eni's Remarkable Financial Performance in Q4 2024

In an impressive financial turnaround, Eni S.p.A. reported a 43% year-on-year increase in net profit for the fourth quarter of fiscal 2024, amounting to €247 million. This significant growth highlights the company's robust operational efficiency and strategic market positioning.

Operational Highlights and Challenges

Despite a 4.6% decrease in sales from operations to €23.5 billion compared to the same quarter in the previous year, Eni's total revenues saw a 4% increase, reaching €24 billion. However, the company faced an operating loss of €363 million, a stark contrast to the operating profit of $856 million in the previous year. On a positive note, earnings per diluted share experienced a 40% climb to €0.07 per share.

Annual Financial Overview

For the entirety of 2024, Eni's net profit attributable to shareholders was reported at €2.6 billion, marking a 45% decrease from 2023. Similarly, earnings per diluted share dropped by 43.6% to €0.79 per share, reflecting the challenges and volatilities encountered throughout the year.