- Adjusted net income, which specifically measures business performance, stood at €873 million in the first quarter. Net income was €929 million, partly due to the impact of the inventory effect (€593 million).
- These results reflect the volatility of the global context, especially following the start of the conflict in Iran, which has caused physical disruptions in the energy markets, increased price fluctuations, and reshaped global supply chains.
- With no assets in the Middle East, Repsol is focusing its efforts on ensuring continuity of energy supply, allocating €1.2 billion in the quarter to increase its inventories.
- At the same time, the company is helping mitigate the impact of fuel price volatility on Spanish society, through the application of additional discounts at its service stations, amounting to €35 million to date.
Josu Jon Imaz, CEO of Repsol: 'In an increasingly complex and volatile geopolitical environment, which threatens to transform the energy system, we remain focused on ensuring security of supply, based on the disciplined and efficient operation of our integrated portfolio, while continuing to provide reliable energy to our customers.'
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Source: Repsol
