Filing Flows › ENI Spa (E) › FY2024
ENI Spa (E) FY2024 earnings results (fiscal 2024)
20-F filed Apr 4, 2025
ENI Spa (E) reported revenue of $88.8B for the fiscal 2024 (FY2024), -5% from a year earlier. Operating margin was 5.9%, net earnings $2.6B (3.0% of revenue).
ENI Spa, FY2024: revenue $88.8B (-5% year over year), operating margin 5.9%, net earnings $2.6B, operating cash flow $13.1B. The chart follows the revenue to costs, profit and cash.
| FY2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $88.8B | — | -5% |
| Operating profit | $5.2B | — | -37% |
| Net earnings | $2.6B | — | -45% |
| Operating cash flow | $13.1B | — | -13% |
| Free cash flow | $5.1B | — | -20% |
What changed
Revenue was €88.8B in FY2024, down 5% year over year.
Operating profit was €5.2B, a 5.9% margin (down 2.9 points year over year). Total costs fell 2% while revenue fell 5%. Net earnings were €2.6B, down 45% year over year. The effective tax rate was 57.4%.
Operating cash flow was €13.1B (down 13% year over year), 474% of net income including minority interests. Non-cash charges added back €7.6B of depreciation and amortization. Working capital and other items added €2.7B. Capital expenditures of €8.0B left free cash flow of €5.1B.
Questions
What was ENI Spa's revenue in the fiscal 2024?
ENI Spa (E) reported revenue of $88.8B for the fiscal 2024 (FY2024), -5% from a year earlier.
Was ENI Spa profitable in the fiscal 2024?
Operating profit was $5.2B (5.9% of revenue) and net earnings $2.6B.
Source: ENI Spa 20-F on SEC EDGAR.