Galp 2Q26 RCA EBITDA rises 52% to €1.27 billion; RCA net income climbs 45% to €540 million

• Galp reported 2Q26 RCA EBITDA of EUR 1.27 billion, up 52% year-on-year; RCA net income rose 45% to EUR 540 million.
• Adjusted operating cash flow climbed 51% to EUR 1.08 billion, free cash flow increased 33% to EUR 544 million; net debt held at EUR 1.38 billion.
• Upstream RCA EBITDA rose 73% to EUR 700 million, while Industrial & Midstream RCA EBITDA increased 43% to EUR 458 million on high Sines availability.
• FY 2026 guidance was raised to about EUR 4 billion of RCA EBITDA from above EUR 2.6 billion, with operating cash flow seen at about EUR 3 billion.
• The board will propose a 10% dividend increase to EUR 0.70 per share, including an interim EUR 0.35 payment in August 2026.

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