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 specific reporting period covers transactions executed on the Euronext Milan exchange from November 3, 2025, to November 7, 2025. The filing was signed on November 12, 2025.
Key Financial Metrics
The filing details the following metrics for the reported period and the cumulative program status:
- Shares Purchased (Period): 3,142,690 shares (0.10% of share capital).
- Total Consideration (Period): €49,999,988.86.
- Weighted Average Price (Period): €15.9099 per share.
- Cumulative Shares Purchased (Since May 20, 2025): 77,956,892 shares (2.48% of share capital).
- Cumulative Consideration (Since May 20, 2025): €1,130,047,849.91.
- Total Treasury Shares Held: 168,074,251 shares (5.34% of share capital), including shares acquired under the buyback program and those granted under the Long-Term Incentive Plan 2020-2022.
Material Changes and Daily Activity
The filing provides a daily breakdown of the buyback activity during the week of November 3–7, 2025:
| Date | Quantity | Weighted Avg. Price (€) | Total Amount (€) |
|---|---|---|---|
| 03/11/2025 | 634,000 | 16.0065 | 10,148,126.07 |
| 04/11/2025 | 614,000 | 15.7971 | 9,699,389.31 |
| 05/11/2025 | 628,000 | 15.9086 | 9,990,612.10 |
| 06/11/2025 | 645,000 | 15.9249 | 10,271,544.38 |
| 07/11/2025 | 621,690 | 15.9088 | 9,890,317.00 |
Share prices fluctuated during the period, with the lowest daily weighted average on November 4 (€15.7971) and the highest on November 3 (€16.0065).
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on operational performance, or specific risk factors beyond the standard disclosure of the buyback program. The program was approved by the Shareholders' Meeting on May 14, 2025. The filing notes that the company holds treasury shares resulting from both the buyback program and the vesting of the Long-Term Incentive Plan 2020-2022.
Key Facts for Investor Verification
- Verify the total authorized limit of the buyback program approved on May 14, 2025, to assess remaining capacity.
- Confirm the current market price of ENI shares relative to the €15.9099 weighted average purchase price.
- Review the total treasury share percentage (5.34%) to understand the impact on diluted earnings per share.
- Check subsequent filings for updates on the buyback program's conclusion or extension.