Moeve reports EBITDA (clean CCS) of €733m in the first half of 2025
Investments in H1 2025 amounted to €502m , with more than half allocated to Energy Transition¹ projects, highlighting our continued efforts to diversify towards a more sustainable assets portfolio.
Operating cash flow totalled €652m, evidencing our strong cash conversion rate in the first half of 2025.
We maintain a robust liquidity position, at 5.2 billion euros by the end of H1 2025, covering debt maturities until the end of 2029.
1. Energy Transition CapEx is broader than the one incorporated by the EU Taxonomy, as it reflects better our efforts towards decarbonization and energy transition. These investments mainly include: production and marketing of biofuels, renewable hydrogen, renewable energy, renewable electric mobility, energy transition R&D projects, EU Taxonomy aligned Chemical activities, modified asphalts and bitumens and investments focused in decarbonization, environment and safety.
H1 2025 Results
Clean CCS EBITDA
733
millions of euros
Clean CCS Net Income
324
millions of euros
Cash Flow from operations
652
millions of euros
Total Liquidity
5,192
millions of euros
Net Debt
2,498
millions of euros 1,9x Net Debt to EBITDA