Historic Results for Spanish Companies: Net Profit of Corporate Sector Exceeds €71 Billion

The year 2025 has been recorded in Spanish economic history as a time of extraordinary profitability for the largest enterprises. According to the latest financial reports, the net profit generated by companies in the main stock market index Ibex 35 reached a level of €71.118 billion. This is a staggering result, considering the volatility of global supply chains and energy costs. The leader in growth turned out to be the Acciona group, whose net profit soared by over 90%, which met with an immediate investor reaction and a double-digit increase in its share price during a single session. Positive surprise also came from the telecommunications infrastructure operator Cellnex, which managed to double its operating profit, and the company Amadeus, benefiting from the revival of global tourism. After the 2008 financial crisis, the Spanish economy underwent deep restructuring, placing greater emphasis on internationalization and corporate debt reduction, which today is bearing fruit in the form of record resilience to external shocks. Despite the generally excellent economic climate, not all entities ended the year optimistically. The rail rolling stock manufacturer Talgo recorded a loss of €100 million, which management explains as due to costly delays in contract fulfillment in Germany and the United States. The company emphasizes, however, that this loss is nearly 7% lower than a year earlier, and its order portfolio for 2026 inspires optimism. An even more difficult situation is that of the chemical concern Ercros, whose loss deepened fivefold, reaching €53.6 million. The company is currently in the spotlight due to an ongoing acquisition process by the Portuguese group Bondalti, which is destabilizing its current market valuation. „Nuestra capacidad de generar valor en sectores complejos confirma el acierto de la estrategia de diversificación elegida.” (Our ability to generate value in complex sectors confirms the correctness of the chosen diversification strategy.) — José Entrecanales From a macroeconomic perspective, record company profits contrast with the situation of households. The College of Economists warns of a widening price gap that is hitting consumers despite household deposits stabilizing at €1.1 trillion. High corporate margins, while pleasing shareholders, are becoming a subject of public debate in the context of the cost of living. Investors, in turn, are closely watching the audit market, where the firm KPMG has strengthened its leading position, controlling the financial statements of the majority of companies in the Ibex 35 index, which is meant to guarantee the transparency of the record results presented today.