v3.26.1
Finance debt (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about borrowings [line items]  
Schedule of finance debt

 

December 31, 2025

December 31, 2024

(€ million)

Short-term debt

Current portion of long-term debt

Long-term debt

Total

Short-term debt

Current portion of long-term debt

Long-term debt

Total

Banks

3,394

330

1,268

4,992

2,941

269

921

4,131

Ordinary bonds

 

2,320

17,855

20,175

 

2,695

19,641

22,336

Sustainability-linked convertible bonds

 

9

939

948

 

9

928

937

Other financial institutions

1,535

775

77

2,387

1,297

1,609

80

2,986

 

4,929

3,434

20,139

28,502

4,238

4,582

21,570

30,390
Schedule of supplier finance arrangements

(€ million)

Long-term SFAs

Current SFAs and current portion of long-term SFAs

Total

Carrying amount at December 31, 2024

26

2,542

2,568

Cash flows

 

(2,249)

(2,249)

Non-monetary increases

12

1,430

1,442

Currency translation differences

 

(174)

(174)

Other non-monetary changes

(18)

16

(2)

Carrying amount at December 31, 2025

20

1,565

1,585

Carrying amount at December 31, 2023

92

893

985

Cash flows

 

(844)

(844)

Non-monetary increases

451

1,788

2,239

Currency translation differences

2

92

94

Other non-monetary changes

(519)

613

94

Carrying amount at December 31, 2024

26

2,542

2,568
Schedule of fair value of long-term debt

(€ million)

December 31,

2025

December 31,

2024

Ordinary bonds and sustainability-linked bonds

20,119

21,026

Convertible sustainability-linked bonds

1,071

973

Banks

1,608

1,143

Other financial institutions

852

1,689

 

23,650

24,831
Schedule of changes in liabilities arising from financing activities

(€ million)

Long-term debt and current portion of long-term debt

Short-term debt

Long-term and current portion of long-term lease liabilities

Total

Carrying amount at December 31, 2024

26,152

4,238

6,453

36,843

Cash flows

(2,279)

(276)

(1,250)

(3,805)

Currency translation differences

(586)

201

(484)

(869)

Changes in the scope of consolidation

470

4

 

474

Other non-monetary changes

(184)

762

981

1,559

Carrying amount at December 31, 2025

23,573

4,929

5,700

34,202

Carrying amount at December 31, 2023

24,637

4,092

5,336

34,065

Cash flows

(1,232)

(61)

(1,205)

(2,498)

Currency translation differences

232

(303)

247

176

Changes in the scope of consolidation

855

12

50

917

Other non-monetary changes

1,660

498

2,025

4,183

Carrying amount at December 31, 2024

26,152

4,238

6,453

36,843
Currency  
Disclosure of detailed information about borrowings [line items]  
Schedule of finance debt

 

December 31, 2025

December 31, 2024

 

Short-term debt (€ million)

Weighted average rate (%)

Long-term debt and current portion of long-term debt (€ million)

Weighted average rate (%)

Short-term debt (€ million)

Weighted average rate (%)

Long-term debt and current portion of long-term debt

(€ million)

Weighted average rate (%)

Euro

4,449

2.1

16,959

2.5

3,518

3.0

19,547

2.5

U.S. dollar

437

3.0

6,612

4.9

707

4.8

6,603

5.3

Other currencies

43

1.7

2

2.7

13

2.2

2

2.7

 

4,929

 

23,573

 

4,238

 

26,152

 
Ordinary Bonds with sustainability-linked bonds  
Disclosure of detailed information about borrowings [line items]  
Schedule of finance debt

(€ million)

Amount

Discount on bond issue and accrued expense

Total

Currency

Maturity

Rate (%)

Issuing entity

 

 

 

 

 

 

Euro Medium Term Notes

 

 

 

 

 

 

Eni SpA

1,250

24

1,274

EUR

2033

4.250

Eni SpA

1,000

49

1,049

EUR

2029

3.625

Eni SpA

1,000

26

1,026

EUR

2034

3.875

Eni SpA

1,000

14

1,014

EUR

2026

1.500

Eni SpA

1,000

11

1,011

EUR

2031

2.000

Eni SpA

1,000

7

1,007

EUR

2026

1.250

Eni SpA

1,000

4

1,004

EUR

2030

0.625

Eni SpA

800

5

805

EUR

2028

1.625

Eni SpA

750

10

760

EUR

2027

1.500

Eni SpA

750

(2)

748

EUR

2034

1.000

Eni SpA

638

8

646

USD

2027

variable

Eni SpA

600

 

600

EUR

2028

1.125

Eni SpA

100

4

104

EUR

2028

5.441

Eni SpA

75

 

75

EUR

2043

3.875

Eni SpA

70

1

71

EUR

2032

4.000

Eni SpA

50

 

50

EUR

2031

4.800

Eni SpA - Sustainability-linked

1,000

 

1,000

EUR

2028

0.375

Eni SpA - Sustainability-linked

750

16

766

EUR

2027

3.625

 

12,833

177

13,010

 

 

 

Other bonds

 

 

 

 

 

 

Eni SpA

1,063

(21)

1,042

USD

2054

5.950

Eni SpA

851

8

859

USD

2028

4.750

Eni SpA

851

2

853

USD

2029

4.250

Eni SpA

851

7

858

USD

2034

5.500

Eni SpA

851

(7)

844

USD

2035

5.750

Eni SpA

298

1

299

USD

2040

5.700

Eni USA Inc

340

3

343

USD

2027

7.300

Eni SpA - Sustainability-linked - Retail

2,000

67

2,067

EUR

2028

4.300

 

7,105

60

7,165

 

 

 

 

19,938

237

20,175

 

 

 
Convertible senior unsecured sustainability-linked bond  
Disclosure of detailed information about borrowings [line items]  
Schedule of finance debt

(€ million)

Amount

Discount on bond issue and accrued expense

Total

Currency

Maturity

Rate (%)

Issuing entity

 

 

 

 

 

 

Eni SpA - Convertible senior unsecured sustainability-linked bonds

1,000

27

1,027

EUR

2030

2.950

of which financial liabilities

920

28

948

EUR

 

 

of which equity

80

(1)

79

EUR