The Spanish stock exchange ended February with a significant gain, lifting the main index by almost 500 points. Despite uncertainty in the month's closing session, the Ibex 35 remained near historic highs. Investor focus centered on record results from Acciona, Amadeus, and Iberia, as well as a drop in the Euribor rate to 2.221%, which is good news for mortgage holders.

Ibex 35 Index Rise

The main Spanish stock market index gained 2.6% in February, approaching the 18,500-point level thanks to good company results.

Euribor Rate Drop

The reference rate for mortgage loans fell to 2.221%, marking the second consecutive month of decline for this indicator.

Record Company Results

Acciona, Amadeus, and Iberia announced historic financial results for 2025, which translated into increases in their share prices.

The last session of February on the Madrid stock exchange brought stabilization for the key index Ibex 35 around 18,500 points. The entire month proved extremely successful for Spanish investors, as the index rose by about 2.6%, recovering nearly 500 points of losses from previous periods. The biggest winner of the session was the company Acciona, whose share price rose 16% after announcing excellent financial results, allowing it to reach a historic trading high. Simultaneously, February brought relief to the money market. The Euribor rate decreased to 2.221%, continuing a downward trend for the second consecutive month. Experts note, however, some stagnation in this process, which may lead to slower-than-expected reductions in variable-rate loan installments. In the corporate sphere, Amadeus boasted records, achieving a net profit of 1.35 billion euros in 2025, and the airline Iberia, which recorded a 27% increase in operating profit. The Spanish capital market in recent years has been dynamically reacting to the policy of the European Central Bank, which, after a period of drastic interest rate hikes in 2022-2023, is now stabilizing the cost of money in the eurozone.Outside the capital market, numerous high lottery wins were recorded, including Bonoloto and Primitiva, where prizes exceeded 157,000 and one million euros, respectively. In the audit sector, KPMG confirmed its dominance, being selected to audit the financial statements of the majority of companies in the Ibex 35 index, including once again for the Acciona group. „Amadeus logra beneficio récord de 1.347,9 millones en 2025.” (Amadeus achieves record profit of 1,347.9 million in 2025.) — Luis Maroto From a macroeconomic perspective, the situation of households in Spain remains stable, with their bank deposits hovering around 1.1 trillion euros. Despite positive signals from the stock market, forecasts for the real estate market, particularly in regions such as Extremadura, point to further increases in apartment rental prices in 2026.

Mentioned People

  • Luis Maroto — CEO of Amadeus, responsible for announcing the company's record financial results.
  • José Manuel Entrecanales — Chairman of the Board of Acciona, who received remuneration of 6.06 million euros for 2025.