Repsol H1 FY26 net income rises to EUR 2.2 billion; adjusted net income climbs to EUR 2.71 billion

(AWP Alliance News) - Repsol posted first-half net income of EUR 2.2 billion, up from EUR 603 million a year earlier, boosted by a EUR 823 million positive inventory effect. Adjusted net income, which it uses to track underlying performance, rose to EUR 2.71 billion, with Industrial adjusted net income climbing to EUR 1.68 billion on higher refining margins.

Net debt fell to EUR 3.67 billion at the end of the second quarter, down EUR 1.13 billion from the end of the first quarter, helped by solid cash generation and debt deconsolidation tied to the Masdar renewables deal. The board greenlit a new share buyback of up to EUR 500 million following completion of a EUR 350 million program, and expects to announce a third in October.

CEO Josu Jon Imaz said the conflict in Iran has underscored the importance of security of supply, adding that Repsol is reinforcing fuel production and applying additional discounts at its service stations.

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Disclaimer: This news brief was created using generative artificial intelligence. Repsol SA published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.