Acciona SA

ANA

Equity

ISIN ES0125220311 / Valor 978954

BME Bolsas y Mercados Espanoles - Renta Variable (2026-08-28)

EUR 212.00+0.09%

Acciona SA
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About company

Acciona SA is a Madrid‑based Spanish multinational that develops, owns and operates infrastructure and energy assets, with primary activities in renewable power generation (wind, solar, hydro and related storage), engineering and construction for transport and civil works, and water projects including desalination and wastewater treatment; it also provides project development, contracting, operation and maintenance services and manages infrastructure concessions across multiple international markets.

Summarized from source with an LLMView SourceSector: Industrials

Headline financials

FY2025 revenues €20,236m (+5.5%); EBITDA €3,211m (+30.8%); EBT €1,392m (+82%); Attributable net profit €803m (+90.4%). Net financial debt €6,989m (including IFRS16), liquidity €10,635m, average cost of debt 4.31%.

Energy (ACCIONA Energía)

FY2025 Energy revenues €2,925m (‑4.1%). Energy EBITDA €1,546m (met guidance €1,500–€1,750m): €932m EBITDA from Operations and €614m from Asset Rotation (sales during 2024–25 totalling ~€3.2bn; €1,065m closed in 2025). Installed capacity 14,604MW (12,882MW consolidated); consolidated production 24,390GWh (+2.4%). Average captured price €61.9/MWh (‑9.9%). Net financial debt for ACCIONA Energía €4,161m.

Nordex

Nordex revenue €7,554m; reported EBITDA €631m (8.4% margin) and ACCIONA’s EBITDA contribution €749m (including €118m PPA provision reversal). Order intake €9,321m (up 24.9%), backlog €16,094m (+25.9%).

Infrastructure and backlog

Infrastructure revenues €8,690m (+6.7%), EBITDA up 5.1%, construction EBITDA margin ~7%. Global Infrastructure backlog €30,354m (+6.3%); Aggregate Infrastructure backlog (including equity‑accounted) €120,591m (+124%). Key awards include SR‑400 (USA), Central West Orana (Australia) and major water concessions in Brazil.

Asset rotation & deleveraging

Asset rotation generated ~€3.2bn in disposals across 2024–2025 (~€1,065m closed in 2025), producing ~€900m in capital gains (€614m recognised in 2025). Asset rotation was pivotal to reducing leverage and helped ACCIONA exceed consolidated EBITDA guidance.

Cash flow, capex and net debt

Operating cashflow €2,026m (working capital +€656m). Ordinary capex €2,252m (‑19% y/y). Net investment cashflow after divestments €1,074m. Financing/other cashflow included dividends (€288m) and acquisition of 2.8% of ACCIONA Energía (€183m). Net financial debt (incl. IFRS16) €6,989m, down €139m vs Dec‑2024; NFD/EBITDA 2.2x.

Other activities and real estate

Living (Property Development) EBITDA €84m (vs €43m), deliveries 1,244 units. Bestinver AUM €7,661m; Bestinver EBITDA €55m. Gross asset value of real estate €1,590m.

Credit ratings & sustainability

ACCIONA’s credit rating reaffirmed by DBRS (BBB low Stable) and JCR (BBB+ Stable). ACCIONA Energía rating reaffirmed by Fitch at BBB‑ but outlook revised to Negative. Sustainable financing 84% of gross corporate debt; CAPEX aligned with EU Taxonomy 98.2% in 2025.

Summarized from source with an LLMView Source

Key figures

22.3%1Y

64.4%3Y

54.7%5Y

Performance

35.1%1Y

32.0%3Y

29.9%5Y

Volatility