Versalis, the chemical business division of Italian energy company Eni Group, recently released its financial data for the fourth quarter and the full year of 2025. The data shows that in the fourth quarter of 2025, Versalis's adjusted operating loss was 204 million euros, narrowing from 231 million euros in the same period of 2024, indicating the initial effectiveness of the restructuring plan. However, unfavorable market conditions partially offset this positive impact. Eni Group expects the positive effects of the restructuring plan to become more evident in the coming quarters.

In terms of full-year performance, against the backdrop of severe challenges facing the European chemical industry, Versalis reported a total adjusted operating loss of 819 million euros for the full year of 2025, largely flat compared to 814 million euros in 2024. This indicates that despite some improvements brought by the restructuring plan, overall operational pressure remains significant.

Regarding specific operational metrics, Versalis's product sales volume decreased from 3.17 million tons in 2024 to 2.72 million tons, a year-on-year decline of 14%. Meanwhile, the average plant utilization rate slightly dropped from 50% to 49%, reflecting weak market demand and underutilized production capacity. These figures further highlight the current difficulties faced by the European chemical industry.