BAKU, Azerbaijan, April 24. Plenitude, Eni’s integrated energy solutions company, reported stable financial performance in the first quarter of 2025, driven by solid retail operations and continued growth in its renewable energy portfolio, Trend reports.
The company posted a proforma adjusted EBIT of 241 million euros in Q1 2025, maintaining parity with the same period last year. According to Eni’s latest report, the result reflects consistent strength in Plenitude’s retail segment and a successful ramp-up in both renewable energy capacity and production volumes.
Plenitude’s subsidiaries reported an adjusted operating profit of 242 million euros, slightly down from 246 million euros in Q1 2024. Adjusted net profit stood at 155 million, compared to 165 million euros a year earlier, signaling a modest decline amid ongoing investments in energy transition initiatives.
Meanwhile, Plenitude’s proforma adjusted EBITDA rose by 3% year-on-year, reaching 358 million euros in the first quarter of 2025. The company credited the increase to efficiency improvements and the expanding contribution of clean energy assets.
