El. En Spa Ord New (ELEAF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to ENIS 2025 Third Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Transition and Official Officer. For the duration of the call, you will be in listen-only mode. However, at the end of the call, you will have the opportunity to ask questions by pressing star and 1 on your telephone. I am now handing you over to your host, to begin today's conference. Thank you. Thank you and good afternoon. Welcome to our Q3 2025 result call. Our results are a further confirmation of the successful execution of our distinctive and consistent strategy and innovative business model. We continue to generate growth and value, both from our traditional energy activity, such as EMP, and also from emerging opportunities in the evolving energy market. In particular, the 8.5% year-on-year growth in production results directly from our consistent long-term focus and investment in E&P. We are delivering material progress against ambitious strategic objectives and Q3 was a further proof of tangible momentum in this respect. I will comment on our financial results in a little more detail shortly. However, it is very pleasing we have positive news to report from each of our main operating segments. Combining the excellent financial operating performances and the ongoing progress in valorizing our businesses, we are also able to announce a further improvement of our balance sheet and an higher share buyback. Focusing on a few of the strategic highlights, I would especially pick out At the beginning of August, Azul Energy, our business combination with BP in Angola and Namibia, began production from its operated Ergogo Westap development, with the FPASO coming on stream only 29 months after FID, almost a year ahead of our plan...