Business Segments Naturgy Energy Group, S.A.

Equities

NTGY

ES0116870314

Natural Gas Utilities

Market Closed - BME Other stock markets 01:38:10 18/04/26 am AEST			5-day change	1st Jan Change
26.70 ^EUR	-1.11%		-0.37%	+3.01%

18/04	Spain's watchdog probes major energy companies over historic blackout	RE
17/04	CaixaBank Upgrades Naturgy to Buy Rating, Raises PT	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Oil and Gas Distribution
Energy Markets - Supply	7.94B	11.14B	8.73B	7.13B	7.16B
Total Assets	2.67B	2.64B	1.59B	1.49B	1.33B
Interest Expense	-	-	-13M	15M	18M
Income Tax Expense	-	-	120M	132M	74M
CAPEX	-136M	-132M	-1M	-3M	-2M
Gross Profit	-	-	-	-	885M
EBITDA	-96M	543M	704M	648M	535M
D&A	80M	100M	121M	140M	150M
Operating Income	-219M	302M	502M	431M	299M
Energy Markets - Energy Management	-	-	8.79B	5.89B	6.26B
Total Assets	-	-	2.53B	2.76B	2.04B
Interest Expense	-	-	-26M	-74M	-19M
Income Tax Expense	-	-	132M	104M	117M
CAPEX	-	-	-1M	-1M	-
Gross Profit	-	-	-	-	896M
EBITDA	-	-	1.1B	752M	815M
D&A	-	-	85M	86M	93M
Operating Income	-	-	940M	471M	706M
Distribution Networks - Brazil Gas	1.29B	1.93B	1.75B	1.5B	1.04B
Total Assets	845M	1.01B	1.05B	833M	836M
Interest Expense	-	-	-23M	-2M	-13M
Income Tax Expense	-	-	78M	71M	63M
CAPEX	-28M	-57M	-	-	-
Gross Profit	293M	397M	-	-	377M
EBITDA	231M	307M	356M	298M	288M
D&A	46M	52M	54M	52M	50M
Operating Income	172M	229M	281M	231M	223M
Distribution Networks - Spain Gas	1.21B	1.14B	1.11B	987M	992M
Total Assets	3.37B	3.07B	2.96B	2.8B	2.66B
Interest Expense	-	-	-104M	-94M	-114M
Income Tax Expense	-	-	115M	110M	105M
CAPEX	-116M	-116M	-102M	-107M	-108M
Gross Profit	1.12B	1B	-	-	898M
EBITDA	857M	837M	822M	763M	756M
D&A	291M	390M	266M	259M	255M
Operating Income	563M	446M	555M	502M	499M
Distribution Networks - Mexico Gas	776M	1.04B	718M	671M	798M
Total Assets	773M	848M	903M	784M	820M
Interest Expense	-	-	-51M	-53M	-44M
Income Tax Expense	-	-	55M	50M	44M
CAPEX	-49M	-68M	-63M	-59M	-60M
Gross Profit	268M	300M	-	-	303M
EBITDA	218M	256M	291M	274M	245M
D&A	52M	55M	75M	63M	59M
Operating Income	165M	193M	211M	201M	177M
Distribution Networks - Chile Gas	620M	895M	877M	857M	777M
Total Assets	1.88B	2.02B	1.88B	1.77B	1.71B
Interest Expense	-	-	-45M	23M	-15M
Income Tax Expense	-	-	53M	118M	77M
CAPEX	-38M	-40M	-52M	-51M	-52M
Gross Profit	240M	231M	-	-	378M
EBITDA	191M	160M	323M	448M	304M
D&A	59M	58M	66M	57M	56M
Operating Income	126M	-28M	258M	433M	267M
Distribution Networks - Argentina Gas	515M	572M	267M	642M	598M
Total Assets	269M	320M	159M	413M	410M
Interest Expense	-	-	6M	-21M	6M
Income Tax Expense	-	-	4M	29M	47M
CAPEX	-32M	-43M	-2M	-4M	-5M
Gross Profit	154M	188M	-	-	278M
EBITDA	63M	89M	20M	136M	147M
D&A	5M	6M	5M	-23M	-18M
Operating Income	46M	80M	13M	152M	158M
Energy Markets - Renewable Gas	-	-	-	46M	43M
Total Assets	-	-	2M	39M	38M
Interest Expense	-	-	-	-2M	-1M
Income Tax Expense	-	-	-1M	-3M	-2M
CAPEX	-	-	-	-2M	-2M
Gross Profit	-	-	-	-	14M
EBITDA	-	-	-5M	-7M	-4M
D&A	-	-	-	4M	4M
Operating Income	-	-	-5M	-12M	-8M
Infrastructure South Latam - Chile Gas & Electricity	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Infrastructure South Latam - Argentina Gas & Electricity	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Infrastructure Latin America South - Peru	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Power Management - Markets and Supplies	8.23B	18.88B	-	-	-
Total Assets	2.74B	3.28B	-	-	-
CAPEX	-7M	-4M	-	-	-
Gross Profit	189M	1.13B	-	-	-
EBITDA	90M	1.13B	-	-	-
D&A	17M	20M	-	-	-
Operating Income	201M	1.11B	-	-	-
Gas Distribution - Latin America	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Gas Distribution - Italy	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Gas - Marketing	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electric Power Generation By Fossil Fuels
Energy Markets - Thermal Generation - Spain	2.09B	5.71B	2.41B	1.74B	2.64B
Total Assets	1.64B	2.01B	1.88B	1.69B	2B
Interest Expense	-	-	-35M	-17M	29M
Income Tax Expense	-	-	64M	33M	110M
CAPEX	-55M	-87M	-99M	-126M	-143M
Gross Profit	396M	320M	-	-	1.03B
EBITDA	91M	420M	400M	279M	563M
D&A	84M	99M	106M	128M	138M
Operating Income	8M	298M	241M	133M	416M
Energy Markets - GPG LATAM	1.01B	1.08B	777M	775M	780M
Total Assets	1.2B	1.28B	1.18B	1.23B	1.02B
Interest Expense	-	-	-4M	2M	-10M
Income Tax Expense	-	-	53M	77M	61M
CAPEX	-26M	-77M	-44M	-45M	-26M
Gross Profit	290M	717M	-	-	336M
EBITDA	245M	265M	270M	323M	274M
D&A	63M	83M	252M	77M	64M
Operating Income	182M	181M	18M	245M	210M
Gas and Power - International Power Generation	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electricity - International	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electricity - Spain	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electric Power Distribution
Distribution Networks - Electricity Panama	727M	891M	887M	1.01B	975M
Total Assets	1.3B	1.44B	1.46B	1.71B	1.58B
Interest Expense	-	-	-75M	-79M	-71M
Income Tax Expense	-	-	10M	29M	24M
CAPEX	-99M	-131M	-123M	-134M	-163M
Gross Profit	167M	197M	-	-	271M
EBITDA	125M	143M	175M	238M	210M
D&A	46M	54M	56M	59M	61M
Operating Income	74M	77M	106M	166M	141M
Distribution Networks - Electricity Spain	840M	839M	804M	851M	911M
Total Assets	5.08B	5.19B	5.43B	5.51B	5.65B
Interest Expense	-	-	-92M	-158M	-153M
Income Tax Expense	-	-	75M	61M	78M
CAPEX	-258M	-321M	-403M	-400M	-399M
Gross Profit	840M	836M	-	-	911M
EBITDA	591M	683M	650M	670M	741M
D&A	248M	252M	261M	269M	281M
Operating Income	336M	420M	396M	403M	458M
D&A	-	-	1M	-	-
Gross Profit	-	-	-	-	-
Distribution Networks - Argentina Electricity	-	-	98M	223M	172M
Total Assets	-	-	33M	109M	104M
Interest Expense	-	-	-24M	-19M	-10M
Income Tax Expense	-	-	6M	19M	9M
Gross Profit	-	-	-	-	74M
EBITDA	-	-	26M	63M	44M
D&A	-	-	-	1M	1M
Operating Income	-	-	24M	60M	41M
Electricity Distribution - Moldova	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Distribution of Electricity - Latin America	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Electric Power By Wind Energy
Energy Markets - Renewable Generation - Spain	-	-	707M	770M	765M
Total Assets	-	-	4.64B	4.92B	5.19B
Interest Expense	-	-	-88M	-65M	-74M
Income Tax Expense	-	-	32M	17M	10M
CAPEX	-	-	-310M	-434M	-464M
Gross Profit	-	-	-	-	709M
EBITDA	-	-	437M	445M	422M
D&A	-	-	202M	238M	293M
Operating Income	-	-	235M	204M	129M
Renewables and New Businesses - Spain & USA	507M	690M	-	-	-
Total Assets	3.52B	3.98B	-	-	-
CAPEX	-238M	-560M	-	-	-
Gross Profit	417M	492M	-	-	-
EBITDA	408M	277M	-	-	-
D&A	152M	156M	-	-	-
Operating Income	258M	130M	-	-	-
Alternative Energy Resources
Energy Markets - Renewable Generation - GPG LATAM	150M	134M	155M	155M	165M
Total Assets	720M	808M	781M	740M	397M
Interest Expense	-	-	85M	141M	202M
Income Tax Expense	-	-	-12M	-6M	-
CAPEX	-40M	-27M	-17M	-7M	-16M
Gross Profit	111M	115M	-	-	123M
EBITDA	71M	74M	107M	88M	82M
D&A	29M	65M	55M	32M	34M
Operating Income	42M	9M	52M	56M	52M
Energy Markets - Renewable Generation - Australia	21M	33M	15M	49M	103M
Total Assets	787M	916M	1.26B	1.63B	1.67B
Interest Expense	-	-	-17M	-38M	-59M
Income Tax Expense	-	-	-12M	16M	-
CAPEX	-328M	-225M	-286M	-305M	-129M
Gross Profit	21M	33M	-	-	102M
EBITDA	9M	15M	-5M	36M	71M
D&A	10M	12M	21M	30M	51M
Operating Income	-1M	3M	-26M	6M	20M
Electric Power By Solar Energy
Energy Markets - Renewable Generation - United States	-	-	-6M	11M	25M
Total Assets	-	-	511M	804M	786M
Interest Expense	-	-	2M	-3M	-12M
Income Tax Expense	-	-	-7M	-5M	17M
CAPEX	-	-	-297M	-240M	-147M
Gross Profit	-	-	-	-	25M
EBITDA	-	-	-10M	7M	11M
D&A	-	-	67M	14M	4M
Operating Income	-	-	-77M	-7M	7M
Hydroelectric Power Generation
Gas & Electricity - Generation Europe	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Oil and Gas Refining and Marketing
Power Management - International LNG	3.42B	5.31B	-	-	-
Total Assets	1.55B	1.79B	-	-	-
CAPEX	-10M	-1M	-	-	-
Gross Profit	411M	-121M	-	-	-
EBITDA	373M	-144M	-	-	-
D&A	181M	83M	-	-	-
Operating Income	185M	-227M	-	-	-
Energy Management - Europe CG	-	-	-	-	-
Total Assets	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Total Assets	-	-	11M	11M	9M
Interest Expense	-	-	-32M	-28M	-34M
Income Tax Expense	-	-	-6M	-5M	17M
EBITDA	-	-	-25M	-18M	-25M
Operating Income	-	-	-25M	-27M	-33M
Eliminations	-7.47B	-16.37B	-2.22B	-1.61B	-857M
Total Assets	-1.92B	-1.81B	-326M	-263M	-208M
Interest Expense	-	-	-1.25B	-947M	-1.38B
Total Assets	3.96B	3.98B	3.69B	5.63B	4.36B
Total Assets	395M	408M	435M	471M	305M
Total Assets	141M	90M	39M	42M	45M
Total Assets	165M	97M	103M	117M	251M
Total Assets	580M	390M	138M	127M	500M
Total Assets	40M	-	-	-	363M
Total Assets	2.27B	2.21B	1.92B	2.01B	1.86B
Total Assets	394M	493M	484M	419M	408M
Total Assets	630M	656M	612M	647M	559M
Total Assets	2.95B	3B	2.93B	2.95B	2.89B
Energy Markets - Holding	-	-	-3.31B	-2.43B	-3.9B
Total Assets	-	-	-681M	-754M	-621M
Interest Expense	-	-	-171M	-182M	-239M
Income Tax Expense	-	-	-13M	-3M	-3M
CAPEX	-	-	-2M	-	-
EBITDA	-	-	-53M	-29M	-47M
D&A	-	-	4M	-	-
Operating Income	-	-	-57M	-29M	-47M
Natural Gas Pipelines
Energy Management - Pipelines	211M	-	-	-	-
Total Assets	3M	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	211M	-	-	-	-
EBITDA	191M	-7M	-	-	-
D&A	47M	-	-	-	-
Operating Income	144M	-7M	-	-	-
Rest	57M	56M	54M	-	-
Total Assets	312M	286M	291M	213M	148M
Interest Expense	-	-	1.44B	1.14B	1.49B
Income Tax Expense	-	-	22M	-9M	-15M
CAPEX	-24M	-18M	-7M	-7M	-5M
EBITDA	-129M	-95M	-112M	-49M	-98M
D&A	52M	47M	45M	38M	36M
Operating Income	-181M	-137M	-172M	-70M	-135M
Oil and Gas Pipelines
Gas - Infrastructure	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (EUR)

Fiscal Period: December	2021	2022	2023	2024	2025
Spain	11.43B	18.02B	11.62B	9.29B	9.95B
Total Assets	17.62B	18.99B	18.21B	18.36B	18.14B
CAPEX	-842M	-1.07B	-1.15B	-1.31B	-1.39B
EBITDA	-	-	-	-	-
Mexico	1.77B	2.06B	1.42B	1.42B	1.54B
Total Assets	2.15B	2.32B	2.29B	2.05B	1.91B
CAPEX	-74M	-143M	-114M	-116M	-124M
EBITDA	-	-	-	-	-
Brazil	1.41B	2.04B	1.78B	1.56B	1.07B
Total Assets	958M	1.13B	1.17B	931M	929M
CAPEX	-28M	-57M	-70M	-57M	-68M
Panama	725M	896M	891M	999M	977M
Total Assets	1.34B	1.49B	1.5B	1.76B	1.62B
CAPEX	-99M	-131M	-124M	-135M	-164M
Argentina	507M	939M	434M	934M	802M
Total Assets	269M	320M	192M	522M	514M
CAPEX	-32M	-43M	-27M	-50M	-61M
Chile	890M	915M	941M	842M	800M
Total Assets	2.32B	2.38B	2.29B	2.21B	1.84B
CAPEX	-75M	-63M	-70M	-51M	-52M
France	1.81B	2.31B	1.41B	848M	586M
Puerto Rico	490M	523M	397M	356M	496M
Portugal	523M	402M	573M	584M	440M
China	665M	509M	448M	287M	398M
The Netherlands	-	217M	496M	620M	305M
Taiwan	18M	-	-	-	284M
Total Assets	243M	398M	297M	442M	400M
CAPEX	-4M	-5M	-2M	-1M	-1M
United States of America	382M	623M	458M	89M	282M
Total Assets	-	345M	511M	804M	786M
CAPEX	-	-170M	-297M	-240M	-147M
South Korea	94M	662M	155M	239M	258M
Belgium	-	-	-	29M	245M
Japan	45M	341M	180M	301M	234M
United Kingdom	330M	687M	570M	166M	163M
Germany	-	-	-	117M	119M
Italy	-	327M	76M	94M	109M
Dominican Republic	88M	115M	129M	124M	104M
Australia	-	30M	18M	47M	102M
Total Assets	-	916M	1.26B	1.63B	1.67B
CAPEX	-	-225M	-286M	-305M	-129M
Thailand	-	894M	157M	55M	72M
Turkey	103M	98M	106M	-	44M
Greece	-	359M	-	-	34M
Rest of Europe	328M	84M	85M	31M	34M
Total Assets	1.38B	1.44B	434M	374M	313M
CAPEX	-2M	-	-	-	-
Other Latin America	15M	91M	53M	9M	14M
Poland	-	285M	-	-	-
Croatia	-	149M	71M	-	-
Pakistan	-	-	-	-	-
Egypt	-	-	-	-	-
India	145M	348M	114M	102M	-
Colombia	-	-	-	-	-
Ireland	180M	-	-	-	-
Other Countries	199M	46M	36M	123M	-
Total Assets	1.07B	-	-	-	-
CAPEX	-328M	-	-	-	-
Latin America	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-