Moeve reported a solid EBITDA (Clean CCS) of 1,852 million euros during 2024
In 2024, we have taken a bold step forward with our new brand identity, which marks a pivotal moment in our ongoing transformation. In addition, 43%1 of our total Accounting Capex was strategically invested in sustainable projects, directly contributing to our long-term decarbonization and energy transition goals.
The operating cash flow reached 1,123 million euros in 2024, demonstrating a strong cash generation capacity.
We reduced leverage ratio to 1.4x (ND/EBITDA) and strengthened our liquidity position, which stands at €6.1bn at the end of 2024, covering debt maturities until the end of 2029.
1. Our capital investments for the energy transition reflect our commitment towards decarbonization and the energy transition. Unlike the European Union's Sustainable Finance Taxonomy, these investments primarily include: production and marketing of biofuels, renewable hydrogen, renewable energy, renewable-powered electric mobility, R&D projects in energy transition, chemical activities aligned with the EU Taxonomy, modified asphalts and bitumen, and investments focused on decarbonization, environment, and safety. This classification has been updated to better align with the activities of the EU Taxonomy, and the 2023 figures have been recalculated accordingly.
2024 Results
Clean CCS EBITDA
1.852
millions of euros
Clean CCS Net Income
444
millions of euros
Cash Flow from operations
1.123
millions of euros
Total Liquidity
6.115
millions of euros
Net Debt
2.369
millions of euros 1,4x Net Debt to EBITDA