ENI SPA current report, Q4 FY2025

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 the week from October 13, 2025, to October 17, 2025. The transactions were executed on the Euronext Milan exchange under the program approved by the Shareholders' Meeting on May 14, 2025.

Key Financial Metrics

  • Shares Acquired (Period): 3,376,122 shares (0.11% of share capital).
  • Total Consideration (Period): €49,999,986.71.
  • Weighted Average Price (Period): €14.8099 per share.
  • Cumulative Shares Acquired (Since May 20, 2025): 68,395,608 shares (2.17% of share capital).
  • Cumulative Consideration (Since May 20, 2025): €980,047,845.60.
  • Total Treasury Shares Held: 160,005,935 shares (5.08% of share capital).

Daily Transaction Summary (Oct 13-17, 2025)

Date Quantity Weighted Avg Price (€) Amount (€)
13/10/2025 677,000 14.9770 10,139,452.02
14/10/2025 699,813 14.8128 10,366,203.30
15/10/2025 678,000 14.7480 9,999,117.56
16/10/2025 651,000 14.7944 9,631,155.05
17/10/2025 670,309 14.7157 9,864,058.78
Total 3,376,122 14.8099 49,999,986.71

Material Changes and Observations

The filing details a consistent execution of the buyback program over five consecutive trading days. The weighted average purchase price fluctuated between a high of €14.9770 on October 13 and a low of €14.7157 on October 17. The total consideration for the week was capped just under €50 million. The filing does not provide comparative financial data (revenue, profit, cash flow) as it is a specific disclosure regarding share repurchases rather than a periodic financial report.

Guidance, Outlook, and Risks

The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard disclosure of the buyback program execution. The primary focus is the compliance reporting of the share acquisition activity.

Key Facts for Investor Verification

  • Verify the remaining authorization limit under the May 14, 2025 Shareholders' Meeting resolution to determine the remaining capacity for future buybacks.
  • Confirm the current market price of Eni shares relative to the €14.8099 weighted average purchase price to assess the discount/premium of the buyback.
  • Monitor the total treasury share percentage (currently 5.08%) against regulatory limits and the company's stated maximum buyback threshold.
  • Check subsequent filings to confirm if the buyback program continues at a similar pace or if the €50 million weekly cap is a recurring pattern.