Repsol profit drops by more than 60% in the first quarter

Repsol reported a net profit of 366 million euros in the first quarter of the year, 62.2% less than in the same period of the previous year. The result was due to lower crude oil prices in a volatile environment marked by geopolitical tensions.

According to information sent by the company to the National Securities Market Commission (CNMV), adjusted profit, which measures business performance, reached 651 million euros in the first quarter. This is 48.6% less than in the same period last year.

Repsol expects total shareholder returns, including dividends and share buybacks, to range between 30% and 35% of cash flow from operations by 2025. These figures are in line with the target set out in the 2024-2027 Strategic Update.

The group's net debt at the end of the first quarter was 5,830 million euros, 822 million more than at the end of the fourth quarter of 2024.