- Stable performance and further improvement of management capabilities
- Energy transition investments and progress
- Promoting sustainable fuels
- Quarterly EBITDA is increasing thanks to energy business
- Sector: Energy drives growth. Decline of chemistry and development
Stable performance and further improvement of management capabilities
Moeve concluded the first nine months of the year with this: Adjusted CCS EBITDA of €1,192 millionThis figure reflects the company’s financial stability and management strength in a year of significant volatility in the energy sector. he Adjusted CCS net income It was in 472 million euroswhich strengthens the positive trend recorded in the first half of 2025.
The company also highlighted its strengths. Operating cash flowreached 1,131 million euros. This level of cash generation has allowed us to continue funding our transformation strategy. positive motionwhile maintaining a strong balance sheet and prudent financial policies.
Energy transition investments and progress
Moeve was assigned from January to September. 757 million euros To investment, eventually 52% headed to energy transition project. One of the most notable initiatives is the construction of new facilities. Second generation (2G) biofuel plant in Huelvawhich will form part of the largest complex of its kind in southern Europe.
The company closed the period on the following terms: Net debt is 2,328 million eurosThis represents a decrease compared to the end of the first quarter, thanks to strong cash generation in the third quarter. This results in Net debt/EBITDA ratio improve 1.9x to 1.7xstrengthen the group’s financial foundation.
Promoting sustainable fuels
Within its Positive Motion strategy, Moeve achieved one of its most important milestones in October. First third-party sustainable aviation fuel (SAF) supplier to join Aveliathe leading “booking and billing” platform based on blockchain technology for the aviation sector.
Additionally, we strengthened our efforts to develop synthetic fuels for aviation (e-SAF) and comply with regulatory objectives. ReFuelEU Aviation We will reach our goal by 2030 by signing an agreement with members of the Global Impact Coalition and an agreement with Zaffra.
The CEO of Mauvais is Maarten Wetzelaarunderlined that the third quarter results reflected the resilience of the business, stating: “Our diversified portfolio and strong operating performance have enabled us to maintain solid cash flows. More than 50% of our investments are already in the energy transition, a clear example of our commitment to sustainable growth and European leadership in clean energy.”
Quarterly EBITDA is increasing thanks to energy business
In the third quarter of 2025, Moeve will Adjusted CCS EBITDA of €459 millionon top 383 million Registered during the same period last year. This growth is explained by the following improvements: Refining margin and high utilization rate In the energy sector, there were factors that offset the decline in profits in the chemicals sector.
he Operating cash flow went up to 479 million eurosup 52% from Q3 2024, reflecting strong cash conversions. of quarterly investment they reached 255 million euros54% will be allocated to energy transition projects such as 2G plant progress and new installations. Isopropyl alcohol (IPA) In addition to expanding our network in Huelva, super fast charger in Spain and Portugal.
Sector: Energy drives growth. Decline of chemistry and development
Energy: Significant increase in profit margins
In the energy business Adjusted CCS EBITDA of €411 millionThis was an increase of 49% compared to the previous year. of Refining margin It was in $8.9/barrelin front of my eyes $4.7/barrel Although the occupancy rate reached a remarkable level compared to the same period in 2024, 94%. of Sales of commercial products they grew up 4.7 Mountain.
Chemistry: Impact of lower phenol margins
The chemistry department is EBITDA of 31 million euroscompared to 68 million a year ago, was affected by lower margins in the phenolic division. Sales quantity is 582kT.
Exploration and production: Decrease due to the impact of crude oil prices
Exploration and production business Adjusted CCS EBITDA of 61 milliondown from 85 million in Q3 2024 due to lower oil prices. $79.7/barrel to $70/barrel.
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