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Versalis, the chemical division of the Eni group, reported an adjusted operating loss of €204 million for the fourth quarter of 2025, compared to a loss of €231 million in the same period of 2024. The improved performance reflects initial results from the restructuring plan, though challenging market conditions partially offset this positive impact. Eni expects the positive effects of the plan to become more evident in the coming quarters.
For the full year, against the backdrop of an extremely challenging European chemical industry environment, Versalis recorded a total adjusted operating loss of €819 million, essentially flat compared to 2024 (€814 million).
Product sales volumes decreased from 3.17 million tons in 2024 to 2.72 million tons, a year-on-year decline of 14%; average plant utilization rate edged down from 50% to 49%.
