Moeve reported a solid EBITDA (Clean CCS) of 377 million euros during the first quarter of 2025
Energy transition investments represented 62%1 out of total €222 million accounting capex in Q1 2025, underscoring the delivery of our Positive Motion strategy.
The operating cash flow reached 338 million euros in the fisrt quarter of the year, demonstrating a solid organic cash generation capacity.
Leverage ratio stood at 1.6x (ND/EBITDA) and we maintain a strong liquidity position, at 5.6 billion euros at the end of Q1 2025, covering debt maturities until the end of 2029.
1. Energy Transition CapEx is broader than the one incorporated by the EU Taxonomy, as it reflects better our efforts towards decarbonization and energy transition. These investments mainly include: production and marketing of biofuels, renewable hydrogen, renewable energy, renewable electric mobility, energy transition R&D projects, EU Taxonomy aligned Chemical activities, modified asphalts and bitumens and investments focused in decarbonization, environment and safety.
Q1 2025 Results
Clean CCS EBITDA
377
millions of euros
Clean CCS Net Income
138
millions of euros
Cash Flow from operations
338
millions of euros
Total Liquidity
5,579
millions of euros
Net Debt
2,399
millions of euros 1,6x Net Debt to EBITDA
Financial results
First Quarter
Third Quarter
Second Quarter
Fourth Quarter
Second Quarter
Fourth Quarter
First Quarter
Third Quarter
Second Quarter
Fourth Quarter
First Quarter