Moeve Reports Strong H1 2026 Performance Amid Geopolitical Challenges
Date Published: Aug 17, 2026
Moeve has announced a Clean CCS EBITDA of €1.18 billion for the first half of 2026, showcasing its operational resilience in the face of geopolitical tensions and fluctuating market conditions. The company reports a year-over-year increase of 41% in Clean CCS Net Income, totaling €458 million, alongside operating cash flows of €762 million.
Key investments during this period included a 20% rise in capital expenditure to €605 million, with 69% directed towards energy transition projects such as renewable hydrogen and sustainable mobility. This investment strategy aligns with Moeve’s Positive Motion initiative and aims to support the construction of Europe’s largest green hydrogen project in Andalusia.
Moeve also revealed a contribution of €2.1 billion in taxes in Spain and reduced its leverage to 1.2x, supported by robust cash flow generation. Operationally, the Energy division led the earnings with €945 million in Clean CCS EBITDA, driven by high utilization rates and strong refining margins.
Major Developments:
- Successful sustainable aviation fuel offtake agreement with DHL Express.
- Progress made on Spain’s largest second-generation biofuels complex.
- Partnership with Accenture launched to promote industrial emissions reduction.
- Ongoing discussions regarding a proposed merger with Galp, with final agreements expected in H2 2026.
CEO Maarten Wetselaar emphasized the urgency of transitioning to a more resilient European energy system amid ongoing geopolitical challenges.
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Moeve’s proactive approach in investing towards sustainable energy solutions exemplifies the growing commitment within the industry to adapt and thrive amid changing market dynamics.
