Strong Financial Performance
Repsol's adjusted income totaled EUR 820 million, 17% above the second quarter and 47% higher than the same period of 2024. Cash flow from operations amounted to EUR 1.5 billion, with accumulated operating cash flow through September reaching EUR 4.3 billion, 15% higher than in the first nine months of 2024.
Record Results in Customer Division
The customer division delivered the highest quarterly result in Repsol's commercial businesses history, with adjusted income reaching EUR 241 million, 22% above the second quarter and 34% higher than in the same period of 2024.
Successful Asset Rotations
Significant asset rotations were completed, including the merger with NEO Energy in the U.K., expected to contribute around $700 million of EBITDA for Repsol in 2026.
Refining Business Resilience
The Refining margin indicator stood at $8.8 per barrel, 49% higher than in the second quarter and 120% higher than the same period in 2024. Operations returned to normalized levels post-Iberian outage.