Galp has concluded the reduction of its share capital, which fell from 753.5 million to 737 million, following the completion of a share buyback programme initiated in 2025. The information was disclosed this Monday, 23 March, to the Portuguese Securities Market Commission (CMVM) in a statement dated Friday, 20 March. The operation involved the cancellation of 16,472,261 treasury shares, leaving 737,022,898 shares in circulation. The buyback, which totalled 250 million, was announced by the company on 2 March 2026. In a note to the market authority, Galp stated that the capital reduction was approved by the Board of Directors as a direct consequence of the programme's initial objective: to reduce share capital through the acquisition and cancellation of treasury shares. Galp's profit grew by 20% to a record 1.154 billion in 2025.
Galp finalises share buyback and adjusts capital to 737 million
Monday, 23 March 2026RSS
Context & Explainers
Galp is Portugal’s integrated energy company operating in fuel, natural gas, electricity retail, refining and upstream activities, and it supplies households and businesses across the country. For expats, issues at Galp—such as recent billing disruptions—can mean unexpected large utility bills or service problems, so check your account, contact the supplier and keep billing records.
