Moeve reports EBITDA of €1,192m in the first nine months of 2025
Investments in the first nine months amounted to €757m , with more than 50% allocated to Energy Transition1 projects, highlighting our strong commitment to advancing our Positive Motion strategy.
Operating cash flow totalled €1,131m, evidencing a strong cash conversion rate and solid operational performance during the first nine months of the year.
We reduced our net debt to €2.3bn and maintain a solid liquidity position of €5.5bn, in line with our convervative financial policy.
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.
9M 2025 Results
Clean CCS EBITDA
1,192
millions of euros
Clean CCS Net Income
472
millions of euros
Cash Flow from operations
1,131
millions of euros
Total Liquidity
5,519
millions of euros
Net Debt
2,328
millions of euros 1,7x Net Debt to EBITDA