Moeve reports EBITDA of €506m in Q1 2026 and accelerates investments in sustainable energy projects in Spain
Investments amounted to €272m, with a record 69% allocated to Energy Transition¹ projects, highlighting our strong commitment to advancing our Positive Motion strategy and contribute to Europe's energy security and independence.
Operating cash flow before working capital totalled €546m, evidencing a strong cash conversion rate and solid operational performance during the quarter.
We reported a net debt of €2.6bn and maintained a solid liquidity position of €4.8bn, in line with our convervative financial policy.
Energy transition Capex: Our capital investments for the energy transition reflect our commitment towards decarbonization and the energy transition. In addition to the European Union's Sustainable Finance Taxonomy, these investments primarily include production and marketing of biofuels, renewable hydrogen, renewable energy, renewable-powered electric mobility, R&D projects in energy transition, chemical activities aligned with the EU Taxonomy, modified asphalts and bitumen, and investments focused on decarbonization, environment, and safety.
Q1 2026 Results
Clean CCS EBITDA
506
millions of euros
Clean CCS Net Income
147
millions of euros
Cash Flow from operations before working capital
546
millions of euros
Total Liquidity
4,809
millions of euros
Net Debt to EBITDA
1.6x
Net Debt
2,562
millions of euros
Financial results
First Quarter
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