Spanish energy major Repsol posted a net profit of €1.899 billion in 2025, up 8% from the previous year, despite a turbulent energy market and economic uncertainty. Adjusted net profit, which tracks the company’s core operations, fell 15% to €2.568 billion.

 

The results reflect a challenging environment, including a 14.5% drop in Brent crude prices, averaging $69 per barrel, growing geopolitical tensions, and the fallout from Spain’s nationwide blackout on April 28.

 

“In 2025, the company paid a gross dividend of €0.975 per share, 8.3% higher than in 2024. Total shareholder payouts were around €1.8 billion, at the high end of the commitment made for the 2024-2027 period. For 2026, Repsol plans to allocate approximately €1.9 billion in total,” said Josu Jon Imaz, CEO of Repsol.

 

“2025 has been another year of solid performance for Repsol, with significant progress across all our priorities. In this context, and considering the macroeconomic, regulatory, and geopolitical changes, it is time to update our operational and financial metrics, although our strategic principles remain unchanged,” he added.

 

Despite the headwinds, Repsol said its integrated business model proved resilient, with all segments performing strongly. The company advanced its strategic priorities, including strengthening its asset portfolio, maintaining financial discipline, and consolidating shareholder returns, which it says remain among the most attractive in Spain.