Naturgy presented its 2025 fiscal year results yesterday. In comparing these figures to the previous year, we highlight the following aspects:
- Net Sales: Increased by 1.0% year-on-year (year-on-year) in 2025, reaching €19,455 million.
- EBITDA: Decreased by 0.6% year-on-year to €5,334 million. In terms of sales, the EBITDA margin stood at 27.4% at the end of 2025, compared to 27.8% the previous year.
- EBIT: Net operating profit rose to €3,580 million in 2025, a 0.9% year-on-year increase.
- Net Profit: Attributable net profit reached €2,023 million, representing a 6.4% year-on-year improvement.
- Investments: In 2025, the company invested €2,142 million, primarily in distribution networks and selective renewable projects.
- Debt: NTGY’s net financial debt at year-end 2025 amounted to €12,317 million, compared to €12,201 million at the end of 2024. The Net Debt/EBITDA ratio remained at 2.3x, even after the impact of the €2,332 million share buyback completed in June 2025.
The Board of Directors of NTGY approved yesterday a reorganization of its shareholders’ power structure. This involves reducing GIP’s representation from three to two members and increasing IFM’s number of directors from two to three—matching the representation held by CriteriaCaixa and CVC.
These four partners, which comprise the “hard core” of the company, will form the new strategic vision committee. Additionally, the NTGY Board has renewed the appointment of Chairman Francisco Reynés until 2030.
