ENI SPA current report, Q1 FY2026

ENI S.p.A. Form 6-K Summary

Business Context and Reporting Period

This Form 6-K filing by ENI S.p.A. reports on the execution of its treasury share buyback program. The reporting period covers transactions executed on the Euronext Milan from December 29, 2025, to January 2, 2026. The filing was signed on January 7, 2026.

Key Financial Metrics

The filing details specific capital allocation activities rather than operational financial results (revenue, profit, or cash flow are not reported in this document).

  • Shares Purchased (Period): 1,857,882 shares (0.06% of share capital).
  • Total Consideration (Period): €29,999,992.66.
  • Weighted Average Price (Period): €16.1474 per share.
  • Cumulative Buyback (Since May 20, 2025): 102,868,729 shares (3.27% of share capital) for €1,529,999,990.34.
  • Total Treasury Holdings: 189,696,743 shares (6.03% of share capital), including shares acquired under the buyback program and those granted to executives/employees under incentive plans.

Material Changes and Transaction Details

The filing provides a daily breakdown of the buyback activity during the reporting window:

Date Quantity Weighted Avg. Price (€) Amount (€)
29/12/2025 664,859 16.0103 10,644,581.41
30/12/2025 580,049 16.0942 9,335,406.63
02/01/2026 612,974 16.3465 10,020,004.62
Total 1,857,882 16.1474 29,999,992.66

Share prices during the period ranged from approximately €15.95 to €16.43, with the highest volume of purchases occurring on December 29, 2025.

Guidance, Outlook, and Management Commentary

The filing contains no forward-looking guidance, earnings outlook, or management commentary regarding operational performance. The document strictly serves as a regulatory disclosure of share repurchase activity authorized by the Shareholders' Meeting on May 14, 2025.

Investor Verification Checklist

  • Verify the remaining authorization limit for the buyback program approved on May 14, 2025, against the cumulative total of €1.53 billion spent to date.
  • Confirm the impact of the 6.03% treasury share holding on diluted earnings per share (EPS) calculations.
  • Review the specific terms of the "Long-Term Incentive Plan 2020-2022" and "Employee Stock Ownership Plan" to understand the non-buyback portion of the treasury holdings.
  • Monitor subsequent filings for the finalization of the buyback program or any changes to the authorization.