Acciona SA

ANA

Equity

ISIN ES0125220311 / Valor 978954

BME Bolsas y Mercados Espanoles - Renta Variable (2026-05-25)

EUR 256.80+0.94%

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

Revenues €20,236m (+5.5% vs 2024); EBITDA €3,211m (+30.8%); EBT €1,392m (+82%); Attributable net profit €803m (+90.4%). Net financial debt (incl. IFRS16) €6,989m, NFD/EBITDA ~2.2x; liquidity €10,635m.

Energy division (ACCIONA Energía)

FY 2025 results: EBITDA €1,546m (Operations €932m; Asset Rotation €614m), revenues €2,925m (-4.1%). Installed capacity 14,604 MW (total) and consolidated production 24,390 GWh (+2.4%); average captured price €61.9/MWh (-9.9%). Net debt €4,161m for the energy unit; Fitch reaffirmed BBB‑ but outlook revised to Negative.

Asset rotation & deleveraging

Asset rotation continued as a structural lever: €1,065m of disposals closed in 2025 and ~€3,200m completed/signed in 2024–2025, generating ~€900m of capital gains overall and €614m recognised in 2025, aiding leverage reduction.

Nordex performance

Nordex revenue €7,554m and reported EBITDA €631m (group contribution €749m), with an EBITDA margin of 8.4% and record order intake €9,321m; backlog €16,094m (up 25.9%).

Infrastructure & backlog

Infrastructure revenues €8,690m (+6.7%) and EBITDA up 5.1%; global Infrastructure backlog €30,354m and Aggregate Infrastructure backlog €120,591m (up 124% year‑on‑year) driven by large concession awards (e.g., SR‑400, Australia transmission line, Pernambuco pre‑award).

Cash flow, CAPEX and financing

Operating cash flow €2,026m (working capital +€656m). Ordinary capex €2,252m (-19% vs 2024). In 2025 ACCIONA renewed/extended €2,444m of maturities and issued €1,561m of new debt; average cost of debt 4.31%.

Other businesses

Property development (Living) EBITDA €84m and Bestinver EBITDA €55m; Other Activities overall improved EBITDA by ~28%, supporting group profitability.

Sustainability and ratings

Sustainable financing represented 84% of gross corporate debt; CAPEX aligned with EU Taxonomy 98.2%. DBRS reaffirmed ACCIONA’s investment grade rating; ACCIONA Energía’s rating by Fitch carries a Negative outlook.

Summarized from source with an LLMView Source

Key figures

90.6%1Y

60.1%3Y

83.8%5Y

Performance

34.0%1Y

30.6%3Y

29.3%5Y

Volatility