Acciona S A : Q1 2025 financial and operating data (q1 2025 ana financial operating data)

About this update from Acciona Sa

[{"type":"text","content":" \n \n ACCIONA\n \n Q1 2025\n \n \n Financial and operating data\n \n \n Table of contents\n \n \n Page\n \n \n Operating Data - Summary\n \n \n 1\n \n \n ESG Data - Summary\n \n \n 1\n \n \n Infrastructures - Construction Backlog by Region (€m)\n \n \n 2\n \n \n Infrastructures - Concessions Backlog by Region (€m)\n \n \n 2\n \n \n Infrastructures - Water Backlog by Region (€m)\n \n \n 2\n \n \n Infrastructures - Urban & Environmental Backlog by Region (€m)\n \n \n 2\n \n \n Infrastructures - Backlog by Region (€m)\n \n \n 2\n \n \n Infrastructures - Backlog by Activity (€m)\n \n \n 3\n \n \n Infrastructures - Project additions (€m)\n \n \n 3\n \n \n Other Activities - Poperty Development (GAV)\n \n \n 4\n \n \n Other Activities - Bestinver (AUM)\n \n \n 4\n \n \n Other Activities - Silence - Vehicles sold\n \n \n 4\n \n \n P&L\n \n \n 5\n \n \n P&L by activity\n \n \n 6\n \n \n Infrastructures P&L\n \n \n 7\n \n \n Nordex P&L\n \n \n 8\n \n \n Other activities P&L\n \n \n 9\n \n \n Balance Sheet\n \n \n 10\n \n \n Cashflow\n \n \n 11\n \n \n Net Financial Debt\n \n \n 12\n \n \n Financial Debt Details\n \n \n 12\n \n \n Capex\n \n \n 13\n \n \n ESG Data\n \n \n 14\n \n \n Contact information: Investor Relations Department\n \n \n Avenida de la Gran Vía de Hortaleza, 3\n \n \n 28033 Madrid, Spain\n \n \n Mail: [email protected]\n \n \n Tel: +34 91 663 22 88\n \n Summary Operating Data\n \n ACCIONA - Operating Data Summary & ESG Summary\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q1 2023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Energy\n \n \n Total capacity (MW)\n \n \n 10,694\n \n \n 11,245\n \n \n 11,826\n \n \n 13,523\n \n \n 15,354\n \n \n 10,240\n \n \n 10,407\n \n \n 10,506\n \n \n 10,694\n \n \n 11,013\n \n \n 11,188\n \n \n 11,203\n \n \n 11,245\n \n \n 11,263\n \n \n 11,212\n \n \n 11,431\n \n \n 11,826\n \n \n 11,942\n \n \n 12,267\n \n \n 12,948\n \n \n 13,523\n \n \n 13,717\n \n \n 13,944\n \n \n 14,333\n \n \n 15,354\n \n \n 15,045\n \n \n Consolidated capacity (MW)\n \n \n 8,631\n \n \n 9,169\n \n \n 9,884\n \n \n 12,131\n \n \n 13,628\n \n \n 8,177\n \n \n 8,344\n \n \n 8,443\n \n \n 8,631\n \n \n 8,950\n \n \n 9,125\n \n \n 9,139\n \n \n 9,169\n \n \n 9,187\n \n \n 9,328\n \n \n 9,463\n \n \n 9,884\n \n \n 10,012\n \n \n 10,829\n \n \n 11,556\n \n \n 12,131\n \n \n 12,325\n \n \n 12,329\n \n \n 12,757\n \n \n 13,628\n \n \n 13,321\n \n \n Total production (GWh)\n \n \n 24,075\n \n \n 24,541\n \n \n 23,910\n \n \n 24,894\n \n \n 26,708\n \n \n 6,562\n \n \n 12,104\n \n \n 17,301\n \n \n 24,075\n \n \n 6,948\n \n \n 12,557\n \n \n 17,852\n \n \n 24,541\n \n \n 6,509\n \n \n 12,476\n \n \n 17,701\n \n \n 23,910\n \n \n 6,889\n \n \n 12,482\n \n \n 18,029\n \n \n 24,894\n \n \n 7,028\n \n \n 13,441\n \n \n 19,757\n \n \n 26,708\n \n \n 7,408\n \n \n Consolidated production (GWh)\n \n \n 19,451\n \n \n 20,093\n \n \n 19,657\n \n \n 21,433\n \n \n 23,821\n \n \n 5,336\n \n \n 9,821\n \n \n 13,974\n \n \n 19,451\n \n \n 5,649\n \n \n 10,227\n \n \n 14,594\n \n \n 20,093\n \n \n 5,365\n \n \n 10,247\n \n \n 14,530\n \n \n 19,657\n \n \n 5,724\n \n \n 10,476\n \n \n 15,357\n \n \n 21,433\n \n \n 6,262\n \n \n 11,945\n \n \n 17,585\n \n \n 23,821\n \n \n 6,592\n \n \n Average price (€/MWh)\n \n \n 63.3\n \n \n 75.5\n \n \n 114.0\n \n \n 86.4\n \n \n 68.7\n \n \n 63.8\n \n \n 61.4\n \n \n 62.4\n \n \n 63.3\n \n \n 72.5\n \n \n 68.3\n \n \n 68.1\n \n \n 75.5\n \n \n 115.4\n \n \n 116.2\n \n \n 111.5\n \n \n 114.0\n \n \n 81.4\n \n \n 86.2\n \n \n 87.6\n \n \n 86.4\n \n \n 57.5\n \n \n 62.7\n \n \n 66.0\n \n \n 68.7\n \n \n 72.0\n \n \n Infrastructures\n \n \n Total Backlog (€m)\n \n \n 14,885\n \n \n 18,096\n \n \n 22,020\n \n \n 24,508\n \n \n 28,555\n \n \n 11,640\n \n \n 12,160\n \n \n 15,966\n \n \n 14,885\n \n \n 15,085\n \n \n 17,396\n \n \n 17,830\n \n \n 18,096\n \n \n 19,602\n \n \n 20,580\n \n \n 20,230\n \n \n 22,020\n \n \n 21,457\n \n \n 22,964\n \n \n 21,581\n \n \n 24,508\n \n \n 24,910\n \n \n 25,286\n \n \n 27,207\n \n \n 28,555\n \n \n 31,239\n \n \n Project backlog (Construction & Water) (€m)\n \n \n 12,123\n \n \n 13,719\n \n \n 16,314\n \n \n 17,514\n \n \n 19,585\n \n \n 8,018\n \n \n 8,571\n \n \n 12,705\n \n \n 12,123\n \n \n 12,193\n \n \n 12,545\n \n \n 13,062\n \n \n 13,719\n \n \n 15,157\n \n \n 15,378\n \n \n 14,912\n \n \n 16,314\n \n \n 15,732\n \n \n 16,637\n \n \n 15,281\n \n \n 17,514\n \n \n 17,929\n \n \n 18,498\n \n \n 18,705\n \n \n 19,585\n \n \n 20,680\n \n \n EBITDA margin (%)\n \n \n 5.4%\n \n \n 6.6%\n \n \n 6.1%\n \n \n 7.1%\n \n \n 9.4%\n \n \n n.d.\n \n \n 3.9%\n \n \n n.d.\n \n \n 5.4%\n \n \n n.d.\n \n \n 5.7%\n \n \n n.d.\n \n \n 6.6%\n \n \n n.d.\n \n \n 5.6%\n \n \n n.d.\n \n \n 6.1%\n \n \n n.d.\n \n \n 6.4%\n \n \n n.d.\n \n \n 7.1%\n \n \n n.d.\n \n \n 8.7%\n \n \n n.d.\n \n \n 9.4%\n \n \n n.d.\n \n \n EBITDA Construction Margin (%)\n \n \n 1.8%\n \n \n 4.5%\n \n \n 5.0%\n \n \n 5.9%\n \n \n 7.1%\n \n \n n.d.\n \n \n 0.2%\n \n \n n.d.\n \n \n 1.8%\n \n \n n.d.\n \n \n 3.5%\n \n \n n.d.\n \n \n 4.5%\n \n \n n.d.\n \n \n 4.2%\n \n \n n.d.\n \n \n 5.0%\n \n \n n.d.\n \n \n 5.0%\n \n \n n.d.\n \n \n 5.9%\n \n \n n.d.\n \n \n 7.6%\n \n \n n.d.\n \n \n 7.1%\n \n \n n.d.\n \n \n Nordex\n \n \n Backlog (€m)\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 10,537\n \n \n 12,778\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 9,804\n \n \n 10,073\n \n \n 10,537\n \n \n 11,125\n \n \n 11,032\n \n \n 11,494\n \n \n 12,778\n \n \n 13,457\n \n \n Order intake turbine (€m)\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 6,211\n \n \n 7,461\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 917\n \n \n 2,354\n \n \n 4,143\n \n \n 6,211\n \n \n 1,765\n \n \n 2,990\n \n \n 4,572\n \n \n 7,461\n \n \n 1,890\n \n \n Average selling price - order intake (ASP) (€m/MW)\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 0.84\n \n \n 0.90\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 0.90\n \n \n 0.89\n \n \n 0.85\n \n \n 0.84\n \n \n 0.85\n \n \n 0.89\n \n \n 0.90\n \n \n 0.90\n \n \n 0.87\n \n \n Installations (MW)\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 7,253\n \n \n 6,641\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 1,319\n \n \n 3,098\n \n \n 5,537\n \n \n 7,253\n \n \n 1,103\n \n \n 2,972\n \n \n 5,083\n \n \n 6,641\n \n \n 1,046\n \n \n Other activities\n \n \n Property development - Deliveries (nº)\n \n \n 744\n \n \n 443\n \n \n 617\n \n \n 720\n \n \n 1,119\n \n \n 130\n \n \n 301\n \n \n 393\n \n \n 744\n \n \n 26\n \n \n 156\n \n \n 199\n \n \n 443\n \n \n 15\n \n \n 108\n \n \n 174\n \n \n 617\n \n \n 15\n \n \n 24\n \n \n 75\n \n \n 720\n \n \n 82\n \n \n 165\n \n \n 193\n \n \n 1,119\n \n \n 19\n \n \n Property development - Gross Asset Value (€m)\n \n \n 1,053\n \n \n 1,361\n \n \n 1,541\n \n \n 1,805\n \n \n 1,736\n \n \n 1,056\n \n \n 1,060\n \n \n 1,077\n \n \n 1,053\n \n \n 1,117\n \n \n 1,165\n \n \n 1,270\n \n \n 1,361\n \n \n 1,446\n \n \n 1,483\n \n \n 1,612\n \n \n 1,541\n \n \n 1,636\n \n \n 1,726\n \n \n 1,816\n \n \n 1,805\n \n \n 1,871\n \n \n 1,865\n \n \n 1,897\n \n \n 1,736\n \n \n 1,805\n \n \n Bestinver's Assets Under Management (€m)\n \n \n 6,371\n \n \n 7,046\n \n \n 5,117\n \n \n 5,919\n \n \n 6,791\n \n \n 4,924\n \n \n 5,536\n \n \n 5,471\n \n \n 6,371\n \n \n 6,900\n \n \n 7,348\n \n \n 7,202\n \n \n 7,046\n \n \n 6,368\n \n \n 5,468\n \n \n 5,206\n \n \n 5,117\n \n \n 5,473\n \n \n 5,647\n \n \n 5,735\n \n \n 5,919\n \n \n 6,445\n \n \n 6,526\n \n \n 6,688\n \n \n 6,791\n \n \n 6,740\n \n \n Vehicles sold (nº)\n \n \n n.d.\n \n \n 8,969\n \n \n 12,826\n \n \n 9,178\n \n \n 2,637\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 8,969\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 12,826\n \n \n 3,009\n \n \n 5,917\n \n \n 6,884\n \n \n 9,178\n \n \n 369\n \n \n 984\n \n \n 1,733\n \n \n 2,637\n \n \n 532\n \n \n Average workforce - FTE\n \n \n 38,355\n \n \n 41,664\n \n \n 45,892\n \n \n 57,843\n \n \n 66,021\n \n \n 38,864\n \n \n 35,741\n \n \n 36,296\n \n \n 38,355\n \n \n 37,459\n \n \n 38,967\n \n \n 40,137\n \n \n 41,664\n \n \n 43,993\n \n \n 44,476\n \n \n 44,958\n \n \n 45,892\n \n \n 48,379\n \n \n 53,847\n \n \n 56,270\n \n \n 57,843\n \n \n 63,994\n \n \n 64,570\n \n \n 66,195\n \n \n 66,021\n \n \n 66,540\n \n \n ESG Data - Summary\n \n \n Executive and manager women (%)\n \n \n 20.7%\n \n \n 21.7%\n \n \n 22.2%\n \n \n 22.6%\n \n \n 23.1%\n \n \n n.d.\n \n \n 20.9%\n \n \n n.d.\n \n \n 20.7%\n \n \n n.d.\n \n \n 21.6%\n \n \n n.d.\n \n \n 21.7%\n \n \n n.d.\n \n \n 21.8%\n \n \n n.d.\n \n \n 22.2%\n \n \n n.d.\n \n \n 23%\n \n \n n.d.\n \n \n 23%\n \n \n n.d.\n \n \n 23%\n \n \n n.d.\n \n \n 23%\n \n \n n.d.\n \n \n CAPEX aligned with the low-carbon taxonomy (%)\n \n \n 85.0%\n \n \n 93,15%\n \n \n 97,96%\n \n \n 99.0%\n \n \n 99.6%\n \n \n n.d.\n \n \n 85.0%\n \n \n n.d.\n \n \n 85.0%\n \n \n n.d.\n \n \n 84.0%\n \n \n n.d.\n \n \n 93,15%\n \n \n n.d.\n \n \n 91.0%\n \n \n n.d.\n \n \n 97,96%\n \n \n n.d.\n \n \n 99,0% \n \n \n n.d.\n \n \n 99.0%\n \n \n n.d.\n \n \n 99.0%\n \n \n n.d.\n \n \n 99.6%\n \n \n n.d.\n \n \n Avoided emissions (CO₂ million ton)\n \n \n 13.2\n \n \n 13.4\n \n \n 13.3\n \n \n 13.6\n \n \n 14.4\n \n \n n.d.\n \n \n 6.9\n \n \n n.d.\n \n \n 13.2\n \n \n n.d.\n \n \n 6.8\n \n \n n.d.\n \n \n 13.4\n \n \n n.d.\n \n \n 6.7\n \n \n n.d.\n \n \n 13.3\n \n \n n.d.\n \n \n 6.97\n \n \n n.d.\n \n \n 13.63\n \n \n n.d.\n \n \n 7.23\n \n \n n.d.\n \n \n 14.35\n \n \n n.d.\n \n \n Generated scope 1+2 emissions (MtCO₂)\n \n \n 200.8\n \n \n 172.8\n \n \n 167.2\n \n \n 202.5\n \n \n 208.4\n \n \n n.d.\n \n \n 131.9\n \n \n n.d.\n \n \n 200.8\n \n \n n.d.\n \n \n 87.5\n \n \n n.d.\n \n \n 172.8\n \n \n n.d.\n \n \n 75.3\n \n \n n.d.\n \n \n 167.200\n \n \n n.d.\n \n \n 110.8\n \n \n n.d.\n \n \n 202.5\n \n \n n.d.\n \n \n 124.7\n \n \n n.d.\n \n \n 208\n \n \n n.d.\n \n \n Water consumed (hm³)\n \n \n 4.75\n \n \n 5.00\n \n \n 6.82\n \n \n 8.40\n \n \n 7.60\n \n \n n.d.\n \n \n 2.23\n \n \n n.d.\n \n \n 4.75\n \n \n n.d.\n \n \n 2.50\n \n \n n.d.\n \n \n 5.00\n \n \n n.d.\n \n \n 2.66\n \n \n n.d.\n \n \n 6.82\n \n \n n.d.\n \n \n 4.04\n \n \n n.d.\n \n \n 8.40\n \n \n n.d.\n \n \n 2.78\n \n \n n.d.\n \n \n 7.60\n \n \n n.d.\n \n \n ACCIONA\n \n \n 1\n \n \n Infrastructures - Backlog by region\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q1 2023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Construction (€m)\n \n \n Spain\n \n \n 1,616\n \n \n 1,667\n \n \n 1,976\n \n \n 2,386\n \n \n 2,530\n \n \n 1,649\n \n \n 1,714\n \n \n 1,821\n \n \n 1,616\n \n \n 1,809\n \n \n 1,816\n \n \n 1,681\n \n \n 1,667\n \n \n 1,767\n \n \n 2,138\n \n \n 2,110\n \n \n 1,976\n \n \n 2,222\n \n \n 2,386\n \n \n 2,329\n \n \n 2,386\n \n \n 2,588\n \n \n 2,401\n \n \n 2,577\n \n \n 2,530\n \n \n 2,857\n \n \n Latam\n \n \n 2,664\n \n \n 2,614\n \n \n 2,854\n \n \n 2,764\n \n \n 3,395\n \n \n 1,116\n \n \n 1,277\n \n \n 2,733\n \n \n 2,664\n \n \n 2,603\n \n \n 2,768\n \n \n 2,696\n \n \n 2,614\n \n \n 3,001\n \n \n 3,059\n \n \n 2,959\n \n \n 2,854\n \n \n 2,762\n \n \n 3,333\n \n \n 3,000\n \n \n 2,764\n \n \n 2,604\n \n \n 2,396\n \n \n 2,359\n \n \n 3,395\n \n \n 3,215\n \n \n EMEA (Spain not included)\n \n \n 2,168\n \n \n 2,605\n \n \n 3,165\n \n \n 2,420\n \n \n 2,098\n \n \n 2,081\n \n \n 2,030\n \n \n 2,251\n \n \n 2,168\n \n \n 2,254\n \n \n 2,359\n \n \n 2,269\n \n \n 2,605\n \n \n 3,502\n \n \n 3,164\n \n \n 3,081\n \n \n 3,165\n \n \n 2,985\n \n \n 2,964\n \n \n 2,694\n \n \n 2,420\n \n \n 2,230\n \n \n 2,228\n \n \n 2,110\n \n \n 2,098\n \n \n 2,082\n \n \n Australia & South East Asia\n \n \n 2,977\n \n \n 3,761\n \n \n 5,919\n \n \n 7,790\n \n \n 7,724\n \n \n 760\n \n \n 1,119\n \n \n 3,055\n \n \n 2,977\n \n \n 2,824\n \n \n 2,764\n \n \n 3,248\n \n \n 3,761\n \n \n 3,814\n \n \n 3,907\n \n \n 3,832\n \n \n 5,919\n \n \n 5,643\n \n \n 5,827\n \n \n 5,356\n \n \n 7,790\n \n \n 8,190\n \n \n 8,578\n \n \n 7,957\n \n \n 7,724\n \n \n 8,267\n \n \n North América\n \n \n 1,371\n \n \n 1,442\n \n \n 1,148\n \n \n 813\n \n \n 1,889\n \n \n 783\n \n \n 851\n \n \n 1,432\n \n \n 1,371\n \n \n 1,383\n \n \n 1,295\n \n \n 1,557\n \n \n 1,442\n \n \n 1,418\n \n \n 1,442\n \n \n 1,356\n \n \n 1,148\n \n \n 1,030\n \n \n 999\n \n \n 915\n \n \n 813\n \n \n 780\n \n \n 885\n \n \n 1,778\n \n \n 1,889\n \n \n 1,697\n \n \n International\n \n \n 9,180\n \n \n 10,421\n \n \n 13,086\n \n \n 13,787\n \n \n 15,107\n \n \n 4,740\n \n \n 5,277\n \n \n 9,471\n \n \n 9,180\n \n \n 9,064\n \n \n 9,186\n \n \n 9,769\n \n \n 10,421\n \n \n 11,736\n \n \n 11,572\n \n \n 11,229\n \n \n 13,086\n \n \n 12,420\n \n \n 13,123\n \n \n 11,964\n \n \n 13,787\n \n \n 13,804\n \n \n 14,087\n \n \n 14,203\n \n \n 15,107\n \n \n 15,261\n \n \n Total backlog\n \n \n 10,797\n \n \n 12,087\n \n \n 15,061\n \n \n 16,174\n \n \n 17,637\n \n \n 6,390\n \n \n 6,991\n \n \n 11,293\n \n \n 10,797\n \n \n 10,873\n \n \n 11,002\n \n \n 11,450\n \n \n 12,087\n \n \n 13,502\n \n \n 13,710\n \n \n 13,339\n \n \n 15,061\n \n \n 14,641\n \n \n 15,509\n \n \n 14,294\n \n \n 16,174\n \n \n 16,392\n \n \n 16,488\n \n \n 16,780\n \n \n 17,637\n \n \n 18,117\n \n \n Water (€m)\n \n \n Spain\n \n \n 1,189\n \n \n 1,172\n \n \n 1,216\n \n \n 1,195\n \n \n 1,208\n \n \n 1,279\n \n \n 1,293\n \n \n 1,258\n \n \n 1,189\n \n \n 1,153\n \n \n 1,167\n \n \n 1,175\n \n \n 1,172\n \n \n 1,187\n \n \n 1,169\n \n \n 1,145\n \n \n 1,216\n \n \n 1,185\n \n \n 1,168\n \n \n 1,205\n \n \n 1,195\n \n \n 1,194\n \n \n 1,160\n \n \n 1,200\n \n \n 1,208\n \n \n 1,202\n \n \n Latam\n \n \n 738\n \n \n 2,081\n \n \n 2,468\n \n \n 2,705\n \n \n 3,060\n \n \n 847\n \n \n 818\n \n \n 785\n \n \n 738\n \n \n 848\n \n \n 2,635\n \n \n 2,757\n \n \n 2,081\n \n \n 2,135\n \n \n 2,352\n \n \n 2,439\n \n \n 2,468\n \n \n 2,504\n \n \n 2,594\n \n \n 2,532\n \n \n 2,705\n \n \n 2,809\n \n \n 2,515\n \n \n 2,890\n \n \n 3,060\n \n \n 3,564\n \n \n EMEA (Spain not included)\n \n \n 1,129\n \n \n 1,614\n \n \n 1,214\n \n \n 1,615\n \n \n 2,003\n \n \n 1,297\n \n \n 1,248\n \n \n 1,119\n \n \n 1,129\n \n \n 1,129\n \n \n 1,556\n \n \n 1,451\n \n \n 1,614\n \n \n 1,638\n \n \n 1,530\n \n \n 1,499\n \n \n 1,214\n \n \n 1,046\n \n \n 981\n \n \n 859\n \n \n 1,615\n \n \n 1,763\n \n \n 1,949\n \n \n 1,874\n \n \n 2,003\n \n \n 2,944\n \n \n Australia & South East Asia\n \n \n 589\n \n \n 596\n \n \n 548\n \n \n 304\n \n \n 689\n \n \n 652\n \n \n 659\n \n \n 626\n \n \n 589\n \n \n 618\n \n \n 603\n \n \n 601\n \n \n 596\n \n \n 601\n \n \n 599\n \n \n 592\n \n \n 548\n \n \n 522\n \n \n 569\n \n \n 564\n \n \n 304\n \n \n 290\n \n \n 726\n \n \n 740\n \n \n 689\n \n \n 639\n \n \n North América\n \n \n 144\n \n \n 0\n \n \n 0\n \n \n -\n \n \n 3\n \n \n 167\n \n \n 163\n \n \n 156\n \n \n 144\n \n \n 137\n \n \n 121\n \n \n 111\n \n \n 0\n \n \n 0\n \n \n 0\n \n \n 0\n \n \n 0\n \n \n -\n \n \n 0\n \n \n 0\n \n \n -\n \n \n 0\n \n \n 3\n \n \n 3\n \n \n 3\n \n \n 3\n \n \n International\n \n \n 2,600\n \n \n 4,290\n \n \n 4,229\n \n \n 4,624\n \n \n 5,755\n \n \n 2,963\n \n \n 2,888\n \n \n 2,686\n \n \n 2,600\n \n \n 2,733\n \n \n 4,915\n \n \n 4,920\n \n \n 4,290\n \n \n 4,374\n \n \n 4,481\n \n \n 4,530\n \n \n 4,229\n \n \n 4,071\n \n \n 4,144\n \n \n 3,955\n \n \n 4,624\n \n \n 4,863\n \n \n 5,193\n \n \n 5,507\n \n \n 5,755\n \n \n 7,151\n \n \n D&C\n \n \n 1,326\n \n \n 1,632\n \n \n 1,253\n \n \n 1,340\n \n \n 1,948\n \n \n 1,628\n \n \n 1,580\n \n \n 1,413\n \n \n 1,326\n \n \n 1,320\n \n \n 1,542\n \n \n 1,611\n \n \n 1,632\n \n \n 1,654\n \n \n 1,668\n \n \n 1,573\n \n \n 1,253\n \n \n 1,090\n \n \n 1,128\n \n \n 988\n \n \n 1,340\n \n \n 1,537\n \n \n 2,010\n \n \n 1,925\n \n \n 1,948\n \n \n 2,563\n \n \n O&M & Concessional Assets\n \n \n 2,462\n \n \n 3,830\n \n \n 4,193\n \n \n 4,478\n \n \n 5,015\n \n \n 2,613\n \n \n 2,600\n \n \n 2,532\n \n \n 2,462\n \n \n 2,566\n \n \n 4,540\n \n \n 4,483\n \n \n 3,830\n \n \n 3,906\n \n \n 3,982\n \n \n 4,102\n \n \n 4,193\n \n \n 4,166\n \n \n 4,183\n \n \n 4,172\n \n \n 4,478\n \n \n 4,519\n \n \n 4,343\n \n \n 4,783\n \n \n 5,015\n \n \n 5,790\n \n \n Total backlog\n \n \n 3,789\n \n \n 5,462\n \n \n 5,446\n \n \n 5,819\n \n \n 6,963\n \n \n 4,242\n \n \n 4,180\n \n \n 3,944\n \n \n 3,789\n \n \n 3,885\n \n \n 6,082\n \n \n 6,095\n \n \n 5,462\n \n \n 5,561\n \n \n 5,650\n \n \n 5,676\n \n \n 5,446\n \n \n 5,256\n \n \n 5,311\n \n \n 5,160\n \n \n 5,819\n \n \n 6,057\n \n \n 6,354\n \n \n 6,707\n \n \n 6,963\n \n \n 8,353\n \n \n Concessions (€m)\n \n \n Spain\n \n \n -\n \n \n 135\n \n \n 106\n \n \n 363\n \n \n 284\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 135\n \n \n 129\n \n \n 121\n \n \n 113\n \n \n 106\n \n \n 100\n \n \n 92\n \n \n 83\n \n \n 363\n \n \n 356\n \n \n 348\n \n \n 291\n \n \n 284\n \n \n 277\n \n \n Latam\n \n \n -\n \n \n 71\n \n \n 663\n \n \n 1,227\n \n \n 2,756\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 71\n \n \n 72\n \n \n 464\n \n \n 473\n \n \n 663\n \n \n 687\n \n \n 1,303\n \n \n 1,283\n \n \n 1,227\n \n \n 1,214\n \n \n 1,233\n \n \n 2,608\n \n \n 2,756\n \n \n 3,624\n \n \n EMEA (Spain not included)\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n Australia & South East Asia\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n North América\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n International\n \n \n -\n \n \n 71\n \n \n 663\n \n \n 1,227\n \n \n 2,756\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 71\n \n \n 72\n \n \n 464\n \n \n 473\n \n \n 663\n \n \n 687\n \n \n 1,303\n \n \n 1,283\n \n \n 1,227\n \n \n 1,214\n \n \n 1,233\n \n \n 2,608\n \n \n 2,756\n \n \n 3,624\n \n \n Total backlog\n \n \n -\n \n \n 206\n \n \n 769\n \n \n 1,591\n \n \n 3,040\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 206\n \n \n 201\n \n \n 585\n \n \n 586\n \n \n 769\n \n \n 786\n \n \n 1,395\n \n \n 1,366\n \n \n 1,591\n \n \n 1,571\n \n \n 1,581\n \n \n 2,900\n \n \n 3,040\n \n \n 3,901\n \n \n Urban & Environmental Services (€m) (1)\n \n \n Spain\n \n \n 287\n \n \n 341\n \n \n 744\n \n \n 925\n \n \n 915\n \n \n 671\n \n \n 633\n \n \n 398\n \n \n 287\n \n \n 318\n \n \n 303\n \n \n 285\n \n \n 341\n \n \n 338\n \n \n 635\n \n \n 629\n \n \n 744\n \n \n 773\n \n \n 749\n \n \n 761\n \n \n 925\n \n \n 891\n \n \n 864\n \n \n 820\n \n \n 915\n \n \n 868\n \n \n Latam\n \n \n -\n \n \n -\n \n \n -\n \n \n 64\n \n \n 88\n \n \n 84\n \n \n -\n \n \n 4\n \n \n 3\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n EMEA (Spain not included)\n \n \n 13\n \n \n -\n \n \n -\n \n \n 262\n \n \n 255\n \n \n 237\n \n \n 13\n \n \n 5\n \n \n 5\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n Australia & South East Asia\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n North América\n \n \n -\n \n \n -\n \n \n -\n \n \n 12\n \n \n 12\n \n \n 11\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n International\n \n \n 13\n \n \n -\n \n \n -\n \n \n 338\n \n \n 355\n \n \n 332\n \n \n 13\n \n \n 9\n \n \n 8\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n Total backlog\n \n \n 300\n \n \n 341\n \n \n 744\n \n \n 925\n \n \n 915\n \n \n 1,008\n \n \n 988\n \n \n 729\n \n \n 300\n \n \n 327\n \n \n 312\n \n \n 285\n \n \n 341\n \n \n 338\n \n \n 635\n \n \n 629\n \n \n 744\n \n \n 773\n \n \n 749\n \n \n 761\n \n \n 925\n \n \n 891\n \n \n 864\n \n \n 820\n \n \n 915\n \n \n 868\n \n \n Spain\n \n \n 3,092\n \n \n 3,315\n \n \n 4,042\n \n \n 4,869\n \n \n 4,936\n \n \n 3,599\n \n \n 3,640\n \n \n 3,477\n \n \n 3,092\n \n \n 3,280\n \n \n 3,287\n \n \n 3,141\n \n \n 3,315\n \n \n 3,421\n \n \n 4,063\n \n \n 3,998\n \n \n 4,042\n \n \n 4,279\n \n \n 4,395\n \n \n 4,378\n \n \n 4,869\n \n \n 5,029\n \n \n 4,773\n \n \n 4,889\n \n \n 4,936\n \n \n 5,204\n \n \n International\n \n \n 11,793\n \n \n 14,781\n \n \n 17,977\n \n \n 19,639\n \n \n 23,618\n \n \n 8,041\n \n \n 8,520\n \n \n 12,489\n \n \n 11,793\n \n \n 11,806\n \n \n 14,109\n \n \n 14,689\n \n \n 14,781\n \n \n 16,182\n \n \n 16,517\n \n \n 16,232\n \n \n 17,977\n \n \n 17,178\n \n \n 18,569\n \n \n 17,203\n \n \n 19,639\n \n \n 19,881\n \n \n 20,513\n \n \n 22,319\n \n \n 23,618\n \n \n 26,035\n \n \n Total backlog\n \n \n 14,885\n \n \n 18,096\n \n \n 22,020\n \n \n 24,508\n \n \n 28,555\n \n \n 11,640\n \n \n 12,160\n \n \n 15,966\n \n \n 14,885\n \n \n 15,085\n \n \n 17,396\n \n \n 17,830\n \n \n 18,096\n \n \n 19,602\n \n \n 20,580\n \n \n 20,230\n \n \n 22,020\n \n \n 21,457\n \n \n 22,964\n \n \n 21,581\n \n \n 24,508\n \n \n 24,910\n \n \n 25,286\n \n \n 27,207\n \n \n 28,555\n \n \n 31,239\n \n \n (1) Rest of services included until 2020\n \n \n ACCIONA\n \n \n 2\n \n \n Infrastructures - Backlog by activity\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q1 2023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Backlog by activity (€m)\n \n \n Construction activities\n \n \n 12,123\n \n \n 13,719\n \n \n 16,314\n \n \n 17,514\n \n \n 19,585\n \n \n 8,018\n \n \n 8,571\n \n \n 12,705\n \n \n 12,123\n \n \n 12,193\n \n \n 12,545\n \n \n 13,062\n \n \n 13,719\n \n \n 15,157\n \n \n 15,378\n \n \n 14,912\n \n \n 16,314\n \n \n 15,732\n \n \n 16,637\n \n \n 15,281\n \n \n 17,514\n \n \n 17,929\n \n \n 18,498\n \n \n 18,705\n \n \n 19,585\n \n \n 20,680\n \n \n Water Concessions and O&M\n \n \n 2,462\n \n \n 3,830\n \n \n 4,193\n \n \n 4,478\n \n \n 5,015\n \n \n 2,613\n \n \n 2,600\n \n \n 2,532\n \n \n 2,462\n \n \n 2,566\n \n \n 4,540\n \n \n 4,483\n \n \n 3,830\n \n \n 3,906\n \n \n 3,982\n \n \n 4,102\n \n \n 4,193\n \n \n 4,166\n \n \n 4,183\n \n \n 4,172\n \n \n 4,478\n \n \n 4,519\n \n \n 4,343\n \n \n 4,783\n \n \n 5,015\n \n \n 5,790\n \n \n Concessions\n \n \n -\n \n \n 206\n \n \n 769\n \n \n 1,591\n \n \n 3,040\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 206\n \n \n 201\n \n \n 585\n \n \n 586\n \n \n 769\n \n \n 786\n \n \n 1,395\n \n \n 1,366\n \n \n 1,591\n \n \n 1,571\n \n \n 1,581\n \n \n 2,900\n \n \n 3,040\n \n \n 3,901\n \n \n Urban & Environmental Services (1)\n \n \n 300\n \n \n 341\n \n \n 744\n \n \n 925\n \n \n 915\n \n \n 1,008\n \n \n 988\n \n \n 729\n \n \n 300\n \n \n 327\n \n \n 312\n \n \n 285\n \n \n 341\n \n \n 338\n \n \n 635\n \n \n 629\n \n \n 744\n \n \n 773\n \n \n 749\n \n \n 761\n \n \n 925\n \n \n 891\n \n \n 864\n \n \n 820\n \n \n 915\n \n \n 868\n \n \n Total backlog\n \n \n 14,885\n \n \n 18,096\n \n \n 22,020\n \n \n 24,508\n \n \n 28,555\n \n \n 11,640\n \n \n 12,160\n \n \n 15,966\n \n \n 14,885\n \n \n 15,085\n \n \n 17,396\n \n \n 17,830\n \n \n 18,096\n \n \n 19,602\n \n \n 20,580\n \n \n 20,230\n \n \n 22,020\n \n \n 21,457\n \n \n 22,964\n \n \n 21,581\n \n \n 24,508\n \n \n 24,910\n \n \n 25,286\n \n \n 27,207\n \n \n 28,555\n \n \n 31,239\n \n \n (1) Rest of services included until 2020\n \n \n Project additions (€m)\n \n \n Construction activities\n \n \n 7,959\n \n \n 6,060\n \n \n 8,168\n \n \n 8,550\n \n \n 8,428\n \n \n 1,188\n \n \n 1,249\n \n \n 3,765\n \n \n 7,959\n \n \n 1,056\n \n \n 1,299\n \n \n 1,765\n \n \n 6,060\n \n \n 2,311\n \n \n 1,569\n \n \n 786\n \n \n 8,168\n \n \n 1,132\n \n \n 3,779\n \n \n 4,332\n \n \n 8,550\n \n \n 2,148\n \n \n 4,490\n \n \n 6,659\n \n \n 8,428\n \n \n 3,309\n \n \n Water Concessions and O&M\n \n \n 471\n \n \n 2,250\n \n \n 379\n \n \n 508\n \n \n 1,633\n \n \n 340\n \n \n 44\n \n \n 51\n \n \n 471\n \n \n 134\n \n \n 2,058\n \n \n 43\n \n \n 2,250\n \n \n 218\n \n \n 46\n \n \n 70\n \n \n 379\n \n \n 11\n \n \n 40\n \n \n 120\n \n \n 508\n \n \n 62\n \n \n 169\n \n \n 188\n \n \n 1,633\n \n \n 982\n \n \n O&M Concessions\n \n \n -\n \n \n -\n \n \n -\n \n \n 37\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 37\n \n \n 37\n \n \n -\n \n \n Urban & Environmental Services (1)\n \n \n 711\n \n \n 236\n \n \n 595\n \n \n 352\n \n \n 200\n \n \n 285\n \n \n 133\n \n \n 73\n \n \n 711\n \n \n 73\n \n \n 25\n \n \n 30\n \n \n 236\n \n \n 40\n \n \n 370\n \n \n 31\n \n \n 595\n \n \n 70\n \n \n 89\n \n \n 141\n \n \n 352\n \n \n 14\n \n \n 41\n \n \n 49\n \n \n 200\n \n \n 5\n \n \n Total project additions\n \n \n 9,141\n \n \n 8,546\n \n \n 9,142\n \n \n 9,409\n \n \n 10,298\n \n \n 1,812\n \n \n 1,426\n \n \n 3,889\n \n \n 9,141\n \n \n 1,263\n \n \n 3,382\n \n \n 1,838\n \n \n 8,546\n \n \n 2,569\n \n \n 1,984\n \n \n 888\n \n \n 9,142\n \n \n 1,214\n \n \n 3,908\n \n \n 4,593\n \n \n 9,409\n \n \n 2,224\n \n \n 4,700\n \n \n 6,933\n \n \n 10,298\n \n \n 4,297\n \n \n (1) Rest of services included until 2020\n \n \n ACCIONA\n \n \n 3\n \n \n Other Activities\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q12023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Property Development\n \n \n Deliveries (nº of units)\n \n \n 744\n \n \n 443\n \n \n 617\n \n \n 720\n \n \n 1,119\n \n \n 130\n \n \n 301\n \n \n 393\n \n \n 744\n \n \n 26\n \n \n 156\n \n \n 199\n \n \n 443\n \n \n 15\n \n \n 108\n \n \n 174\n \n \n 617\n \n \n 15\n \n \n 24\n \n \n 75\n \n \n 720\n \n \n 82\n \n \n 165\n \n \n 193\n \n \n 1,119\n \n \n 19\n \n \n Orderbook of pre-sales (nº of units)\n \n \n n.d.\n \n \n 1,472\n \n \n 1,473\n \n \n 1,393\n \n \n 674\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 935\n \n \n 1,602\n \n \n 1,472\n \n \n 1,598\n \n \n 1,628\n \n \n 1,845\n \n \n 1,473\n \n \n 1,568\n \n \n 1,726\n \n \n 1,875\n \n \n 1,393\n \n \n 1,398\n \n \n 1,421\n \n \n 1,529\n \n \n 674\n \n \n 699\n \n \n Landbank 5 year view (nº of units)\n \n \n n.d.\n \n \n 6,551\n \n \n 7,025\n \n \n 6,561\n \n \n 5,352\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 6,551\n \n \n 6,756\n \n \n 6,659\n \n \n 6,870\n \n \n 7,025\n \n \n 7,115\n \n \n 7,090\n \n \n n.d.\n \n \n 6,561\n \n \n 6,664\n \n \n 6,581\n \n \n 6,518\n \n \n 5,352\n \n \n 5,569\n \n \n Resid. development Spain\n \n \n 802\n \n \n 761\n \n \n 772\n \n \n 955\n \n \n 911\n \n \n 769\n \n \n 769\n \n \n 786\n \n \n 802\n \n \n 861\n \n \n 903\n \n \n 1,006\n \n \n 761\n \n \n 808\n \n \n 822\n \n \n 915\n \n \n 772\n \n \n 832\n \n \n 876\n \n \n 966\n \n \n 955\n \n \n 1,000\n \n \n 1,011\n \n \n 1,059\n \n \n 911\n \n \n 960\n \n \n Resid. development International\n \n \n 218\n \n \n 231\n \n \n 289\n \n \n 359\n \n \n 331\n \n \n 219\n \n \n 223\n \n \n 223\n \n \n 218\n \n \n 224\n \n \n 229\n \n \n 231\n \n \n 231\n \n \n 251\n \n \n 256\n \n \n 276\n \n \n 289\n \n \n 314\n \n \n 344\n \n \n 369\n \n \n 359\n \n \n 379\n \n \n 366\n \n \n 350\n \n \n 331\n \n \n 342\n \n \n Rental Properties\n \n \n 33\n \n \n 370\n \n \n 480\n \n \n 491\n \n \n 494\n \n \n 68\n \n \n 68\n \n \n 68\n \n \n 33\n \n \n 33\n \n \n 33\n \n \n 33\n \n \n 370\n \n \n 387\n \n \n 405\n \n \n 421\n \n \n 480\n \n \n 490\n \n \n 505\n \n \n 481\n \n \n 491\n \n \n 492\n \n \n 489\n \n \n 488\n \n \n 494\n \n \n 504\n \n \n Total GAV\n \n \n 1,053\n \n \n 1,361\n \n \n 1,541\n \n \n 1,805\n \n \n 1,736\n \n \n 1,056\n \n \n 1,060\n \n \n 1,077\n \n \n 1,053\n \n \n 1,117\n \n \n 1,165\n \n \n 1,270\n \n \n 1,361\n \n \n 1,446\n \n \n 1,483\n \n \n 1,612\n \n \n 1,541\n \n \n 1,636\n \n \n 1,726\n \n \n 1,816\n \n \n 1,805\n \n \n 1,871\n \n \n 1,865\n \n \n 1,897\n \n \n 1,736\n \n \n 1,805\n \n \n Bestinver (€m)\n \n \n Assets under management\n \n \n 6,371\n \n \n 7,046\n \n \n 5,117\n \n \n 5,919\n \n \n 6,791\n \n \n 4,924\n \n \n 5,536\n \n \n 5,471\n \n \n 6,371\n \n \n 6,900\n \n \n 7,348\n \n \n 7,202\n \n \n 7,046\n \n \n 6,368\n \n \n 5,468\n \n \n 5,206\n \n \n 5,117\n \n \n 5,473\n \n \n 5,647\n \n \n 5,735\n \n \n 5,919\n \n \n 6,445\n \n \n 6,526\n \n \n 6,688\n \n \n 6,791\n \n \n 6,740\n \n \n Average Assets Under Management\n \n \n 5,742\n \n \n 7,078\n \n \n 5,929\n \n \n 5,637\n \n \n 6,487\n \n \n 5,846\n \n \n 5,728\n \n \n 5,682\n \n \n 5,742\n \n \n 6,609\n \n \n 6,893\n \n \n 7,031\n \n \n 7,078\n \n \n 6,676\n \n \n 6,346\n \n \n 6,119\n \n \n 5,929\n \n \n 5,468\n \n \n 5,491\n \n \n 5,601\n \n \n 5,637\n \n \n 6,090\n \n \n 6,296\n \n \n 6,385\n \n \n 6,487\n \n \n 6,970\n \n \n Corp. & other\n \n \n Silence - Vehicles sold\n \n \n n.d.\n \n \n 8,969\n \n \n 12,826\n \n \n 9,178\n \n \n 2,637\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 8,969\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 12,826\n \n \n 3,009\n \n \n 5,917\n \n \n 6,884\n \n \n 9,178\n \n \n 369\n \n \n 984\n \n \n 1,733\n \n \n 2,637\n \n \n 532\n \n \n ACCIONA\n \n \n 4\n \n P&L\n \n e\n \n \n ACCIONA - P&L\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020 (*)\n \n \n FY 2020 (*)\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n P&L\n \n \n Revenues\n \n \n 6,482\n \n \n 8,104\n \n \n 11,195\n \n \n 17,021\n \n \n 19,190\n \n \n 3,042\n \n \n 6,482\n \n \n 3,555\n \n \n 8,104\n \n \n 5,177\n \n \n 11,195\n \n \n 7,056\n \n \n 17,021\n \n \n 8,772\n \n \n 19,190\n \n \n Changes in inventories of finished goods and work in progress\n \n \n 194\n \n \n 110\n \n \n 72\n \n \n 388\n \n \n (269)\n \n \n 34\n \n \n 194\n \n \n 118\n \n \n 110\n \n \n 70\n \n \n 72\n \n \n 157\n \n \n 388\n \n \n (3)\n \n \n (269)\n \n \n Other revenues\n \n \n 789\n \n \n 563\n \n \n 1,016\n \n \n 946\n \n \n 1,688\n \n \n 425\n \n \n 789\n \n \n 310\n \n \n 563\n \n \n 453\n \n \n 1,016\n \n \n 521\n \n \n 946\n \n \n 680\n \n \n 1,688\n \n \n Cost of goods sold\n \n \n (2,216)\n \n \n (1,980)\n \n \n (3,483)\n \n \n (5,853)\n \n \n (6,789)\n \n \n (1,006)\n \n \n (2,216)\n \n \n (900)\n \n \n (1,980)\n \n \n (1,581)\n \n \n (3,483)\n \n \n (2,341)\n \n \n (5,853)\n \n \n (3,056)\n \n \n (6,789)\n \n \n Personnel expenses\n \n \n (1,551)\n \n \n (1,787)\n \n \n (2,078)\n \n \n (2,927)\n \n \n (3,423)\n \n \n (759)\n \n \n (1,551)\n \n \n (861)\n \n \n (1,787)\n \n \n (1,003)\n \n \n (2,078)\n \n \n (1,329)\n \n \n (2,927)\n \n \n (1,678)\n \n \n (3,423)\n \n \n Other expenses\n \n \n (2,647)\n \n \n (3,621)\n \n \n (4,814)\n \n \n (7,746)\n \n \n (8,101)\n \n \n (1,275)\n \n \n (2,647)\n \n \n (1,625)\n \n \n (3,621)\n \n \n (2,124)\n \n \n (4,814)\n \n \n (3,247)\n \n \n (7,746)\n \n \n (3,765)\n \n \n (8,101)\n \n \n Operating income from associated companies\n \n \n 82\n \n \n 94\n \n \n 159\n \n \n 152\n \n \n 160\n \n \n 38\n \n \n 82\n \n \n 46\n \n \n 94\n \n \n 72\n \n \n 159\n \n \n 106\n \n \n 152\n \n \n 39\n \n \n 160\n \n \n EBITDA\n \n \n 1,133\n \n \n 1,483\n \n \n 2,068\n \n \n 1,981\n \n \n 2,455\n \n \n 499\n \n \n 1,133\n \n \n 643\n \n \n 1,483\n \n \n 1,064\n \n \n 2,068\n \n \n 924\n \n \n 1,981\n \n \n 990\n \n \n 2,455\n \n \n Depreciation and amortisation\n \n \n (557)\n \n \n (587)\n \n \n (651)\n \n \n (943)\n \n \n (1,121)\n \n \n (265)\n \n \n (557)\n \n \n (286)\n \n \n (587)\n \n \n (308)\n \n \n (651)\n \n \n (410)\n \n \n (943)\n \n \n (552)\n \n \n (1,121)\n \n \n Provisions\n \n \n (121)\n \n \n (128)\n \n \n (111)\n \n \n (157)\n \n \n (153)\n \n \n (95)\n \n \n (121)\n \n \n (65)\n \n \n (128)\n \n \n (40)\n \n \n (111)\n \n \n (42)\n \n \n (157)\n \n \n (25)\n \n \n (153)\n \n \n Impairment of assets value\n \n \n 92\n \n \n (1)\n \n \n (19)\n \n \n (14)\n \n \n 134\n \n \n 86\n \n \n 92\n \n \n (0)\n \n \n (1)\n \n \n (37)\n \n \n (19)\n \n \n (1)\n \n \n (14)\n \n \n 43\n \n \n 134\n \n \n Results on non-current assets\n \n \n 88\n \n \n 68\n \n \n 34\n \n \n 2\n \n \n 3\n \n \n 3\n \n \n 88\n \n \n 55\n \n \n 68\n \n \n 36\n \n \n 34\n \n \n (5)\n \n \n 2\n \n \n 12\n \n \n 3\n \n \n Other gains or losses\n \n \n (9)\n \n \n (7)\n \n \n 13\n \n \n 383\n \n \n (3)\n \n \n 0\n \n \n (9)\n \n \n (1)\n \n \n (7)\n \n \n (7)\n \n \n 13\n \n \n 402\n \n \n 383\n \n \n (1)\n \n \n (3)\n \n \n EBIT\n \n \n 625\n \n \n 829\n \n \n 1,333\n \n \n 1,251\n \n \n 1,316\n \n \n 229\n \n \n 625\n \n \n 346\n \n \n 829\n \n \n 709\n \n \n 1,333\n \n \n 868\n \n \n 1,251\n \n \n 466\n \n \n 1,316\n \n \n Net financial result\n \n \n (219)\n \n \n (180)\n \n \n (209)\n \n \n (345)\n \n \n (490)\n \n \n (115)\n \n \n (219)\n \n \n (101)\n \n \n (180)\n \n \n (100)\n \n \n (209)\n \n \n (110)\n \n \n (345)\n \n \n (232)\n \n \n (490)\n \n \n Exchange differences (net)\n \n \n 14\n \n \n 10\n \n \n 8\n \n \n -\n \n \n (58)\n \n \n (6)\n \n \n 14\n \n \n 3\n \n \n 10\n \n \n 8\n \n \n 8\n \n \n 2\n \n \n -\n \n \n (20)\n \n \n (58)\n \n \n Var. provisions financial investments\n \n \n 1\n \n \n (1)\n \n \n 0\n \n \n -\n \n \n (1)\n \n \n (0)\n \n \n 1\n \n \n (0)\n \n \n (1)\n \n \n -\n \n \n 0\n \n \n -\n \n \n -\n \n \n -\n \n \n (1)\n \n \n Non-operating income from associated companies\n \n \n 79\n \n \n (81)\n \n \n (194)\n \n \n (104)\n \n \n (2)\n \n \n (72)\n \n \n 79\n \n \n (18)\n \n \n (81)\n \n \n (108)\n \n \n (194)\n \n \n (103)\n \n \n (104)\n \n \n (1)\n \n \n (2)\n \n \n Profit and loss from changes in value of instruments at fair value\n \n \n 15\n \n \n (3)\n \n \n (70)\n \n \n 17\n \n \n 1\n \n \n 6\n \n \n 15\n \n \n (2)\n \n \n (3)\n \n \n (64)\n \n \n (70)\n \n \n 34\n \n \n 17\n \n \n (10)\n \n \n 1\n \n \n EBT\n \n \n 517\n \n \n 575\n \n \n 869\n \n \n 819\n \n \n 765\n \n \n 42\n \n \n 517\n \n \n 228\n \n \n 575\n \n \n 445\n \n \n 869\n \n \n 691\n \n \n 819\n \n \n 204\n \n \n 765\n \n \n Income tax\n \n \n (100)\n \n \n (171)\n \n \n (254)\n \n \n (198)\n \n \n (156)\n \n \n (11)\n \n \n (100)\n \n \n (63)\n \n \n (171)\n \n \n (138)\n \n \n (254)\n \n \n (179)\n \n \n (198)\n \n \n (25)\n \n \n (156)\n \n \n Profit after Taxes\n \n \n 417\n \n \n 404\n \n \n 614\n \n \n 621\n \n \n 609\n \n \n 30\n \n \n 417\n \n \n 165\n \n \n 404\n \n \n 307\n \n \n 614\n \n \n 512\n \n \n 621\n \n \n 179\n \n \n 609\n \n \n Minority interest\n \n \n (30)\n \n \n (72)\n \n \n (174)\n \n \n (80)\n \n \n (187)\n \n \n (8)\n \n \n (30)\n \n \n (17)\n \n \n (72)\n \n \n (106)\n \n \n (174)\n \n \n (45)\n \n \n (80)\n \n \n (63)\n \n \n (187)\n \n \n Attributable Net Profit\n \n \n 387\n \n \n 332\n \n \n 441\n \n \n 541\n \n \n 422\n \n \n 22\n \n \n 387\n \n \n 148\n \n \n 332\n \n \n 201\n \n \n 441\n \n \n 467\n \n \n 541\n \n \n 116\n \n \n 422\n \n \n * Data reexpresed\n \n \n ACCIONA\n \n \n 5\n \n \n ACCIONA - P&L by activity\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020 (*)\n \n \n FY 2020 (*)\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n P&L - Key Figures\n \n \n Energy\n \n \n 1,769\n \n \n 2,472\n \n \n 4,351\n \n \n 3,547\n \n \n 3,048\n \n \n 845\n \n \n 1,769\n \n \n 1,041\n \n \n 2,472\n \n \n 2,206\n \n \n 4,351\n \n \n 1,760\n \n \n 3,547\n \n \n 1,333\n \n \n 3,048\n \n \n Infrastructure\n \n \n 3,928\n \n \n 4,870\n \n \n 6,016\n \n \n 7,723\n \n \n 8,146\n \n \n 1,849\n \n \n 3,928\n \n \n 2,196\n \n \n 4,870\n \n \n 2,648\n \n \n 6,016\n \n \n 3,634\n \n \n 7,723\n \n \n 3,787\n \n \n 8,146\n \n \n Nordex\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 5,272\n \n \n 7,299\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 1,536\n \n \n 5,272\n \n \n 3,434\n \n \n 7,299\n \n \n Other Activities\n \n \n 953\n \n \n 1,055\n \n \n 1,183\n \n \n 1,216\n \n \n 1,468\n \n \n 441\n \n \n 953\n \n \n 447\n \n \n 1,055\n \n \n 490\n \n \n 1,183\n \n \n 546\n \n \n 1,216\n \n \n 613\n \n \n 1,468\n \n \n Consolidation Adjustments\n \n \n (167)\n \n \n (294)\n \n \n (355)\n \n \n (737)\n \n \n (771)\n \n \n (93)\n \n \n (167)\n \n \n (129)\n \n \n (294)\n \n \n (167)\n \n \n (355)\n \n \n (420)\n \n \n (737)\n \n \n (396)\n \n \n (771)\n \n \n Revenues\n \n \n 6,482\n \n \n 8,104\n \n \n 11,195\n \n \n 17,021\n \n \n 19,190\n \n \n 3,042\n \n \n 6,482\n \n \n 3,555\n \n \n 8,104\n \n \n 5,177\n \n \n 11,195\n \n \n 7,056\n \n \n 17,021\n \n \n 8,772\n \n \n 19,190\n \n \n Energy\n \n \n 868\n \n \n 1,086\n \n \n 1,653\n \n \n 1,285\n \n \n 1,123\n \n \n 423\n \n \n 868\n \n \n 501\n \n \n 1,086\n \n \n 909\n \n \n 1,653\n \n \n 686\n \n \n 1,285\n \n \n 419\n \n \n 1,123\n \n \n Infrastructure\n \n \n 214\n \n \n 323\n \n \n 369\n \n \n 551\n \n \n 762\n \n \n 71\n \n \n 214\n \n \n 126\n \n \n 323\n \n \n 149\n \n \n 369\n \n \n 232\n \n \n 551\n \n \n 331\n \n \n 762\n \n \n Nordex**\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 117\n \n \n 470\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 1\n \n \n 117\n \n \n 220\n \n \n 470\n \n \n Other Activities\n \n \n 79\n \n \n 104\n \n \n 73\n \n \n 54\n \n \n 122\n \n \n 26\n \n \n 79\n \n \n 29\n \n \n 104\n \n \n 18\n \n \n 73\n \n \n 15\n \n \n 54\n \n \n 35\n \n \n 122\n \n \n Consolidation Adjustments\n \n \n (29)\n \n \n (30)\n \n \n (28)\n \n \n (26)\n \n \n (22)\n \n \n (21)\n \n \n (29)\n \n \n (13)\n \n \n (30)\n \n \n (13)\n \n \n (28)\n \n \n (9)\n \n \n (26)\n \n \n (15)\n \n \n (22)\n \n \n EBITDA\n \n \n 1,133\n \n \n 1,483\n \n \n 2,068\n \n \n 1,981\n \n \n 2,455\n \n \n 499\n \n \n 1,133\n \n \n 643\n \n \n 1,483\n \n \n 1,064\n \n \n 2,068\n \n \n 924\n \n \n 1,981\n \n \n 990\n \n \n 2,455\n \n \n Margin (%)\n \n \n 17.5%\n \n \n 18.3%\n \n \n 18.5%\n \n \n 11.6%\n \n \n 12.8%\n \n \n 16.4%\n \n \n 17.5%\n \n \n 18.1%\n \n \n 18.3%\n \n \n 20.6%\n \n \n 18.5%\n \n \n 13.1%\n \n \n 11.6%\n \n \n 11.3%\n \n \n 12.8%\n \n \n Energy\n \n \n 410\n \n \n 536\n \n \n 1,007\n \n \n 720\n \n \n 407\n \n \n 187\n \n \n 410\n \n \n 211\n \n \n 536\n \n \n 540\n \n \n 1,007\n \n \n 545\n \n \n 720\n \n \n 61\n \n \n 407\n \n \n Infrastructure\n \n \n 65\n \n \n 83\n \n \n 87\n \n \n 156\n \n \n 275\n \n \n (31)\n \n \n 65\n \n \n 37\n \n \n 83\n \n \n 41\n \n \n 87\n \n \n 69\n \n \n 156\n \n \n 131\n \n \n 275\n \n \n Nordex\n \n \n n.d\n \n \n n.d\n \n \n (197)\n \n \n 2\n \n \n 119\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 104\n \n \n 2\n \n \n 50\n \n \n 119\n \n \n Other Activities\n \n \n 75\n \n \n (24)\n \n \n (2)\n \n \n (22)\n \n \n (17)\n \n \n (93)\n \n \n 75\n \n \n (11)\n \n \n (24)\n \n \n (123)\n \n \n (2)\n \n \n (21)\n \n \n (22)\n \n \n (27)\n \n \n (17)\n \n \n Consolidation Adjustments\n \n \n (33)\n \n \n (20)\n \n \n (26)\n \n \n (37)\n \n \n (19)\n \n \n (21)\n \n \n (33)\n \n \n (9)\n \n \n (20)\n \n \n (12)\n \n \n (26)\n \n \n (6)\n \n \n (37)\n \n \n (11)\n \n \n (19)\n \n \n EBT\n \n \n 517\n \n \n 575\n \n \n 869\n \n \n 819\n \n \n 765\n \n \n 42\n \n \n 517\n \n \n 228\n \n \n 575\n \n \n 445\n \n \n 869\n \n \n 691\n \n \n 819\n \n \n 204\n \n \n 765\n \n \n Margin (%)\n \n \n 8.0%\n \n \n 7.1%\n \n \n 7.8%\n \n \n 4.8%\n \n \n 4.0%\n \n \n 1.4%\n \n \n 8.0%\n \n \n 6.4%\n \n \n 7.1%\n \n \n 8.6%\n \n \n 7.8%\n \n \n 9.8%\n \n \n 4.8%\n \n \n 2.3%\n \n \n 4.0%\n \n \n Attributable Net Profit\n \n \n 387\n \n \n 332\n \n \n 441\n \n \n 541\n \n \n 422\n \n \n 22\n \n \n 387\n \n \n 148\n \n \n 332\n \n \n 201\n \n \n 441\n \n \n 467\n \n \n 541\n \n \n 116\n \n \n 422\n \n \n * Data reexpresed\n \n \n ** Contribution to ANA\n \n \n ACCIONA\n \n \n 6\n \n \n Infrastructures - P&L Breakdown\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n P&L by activity\n \n \n Construction\n \n \n Revenues\n \n \n 2,776\n \n \n 3,626\n \n \n 4,560\n \n \n 6,301\n \n \n 6,680\n \n \n 1,283\n \n \n 2,776\n \n \n 1,598\n \n \n 3,626\n \n \n 2,003\n \n \n 4,560\n \n \n 2,925\n \n \n 6,301\n \n \n 3,119\n \n \n 6,680\n \n \n EBITDA\n \n \n 50\n \n \n 163\n \n \n 227\n \n \n 370\n \n \n 472\n \n \n 2\n \n \n 50\n \n \n 57\n \n \n 163\n \n \n 84\n \n \n 227\n \n \n 148\n \n \n 370\n \n \n 236\n \n \n 472\n \n \n Margin (%)\n \n \n 1.8%\n \n \n 4.5%\n \n \n 5.0%\n \n \n 5.9%\n \n \n 7.1%\n \n \n 0.2%\n \n \n 1.8%\n \n \n 3.5%\n \n \n 4.5%\n \n \n 4.2%\n \n \n 5.0%\n \n \n 5.0%\n \n \n 5.9%\n \n \n 7.6%\n \n \n 7.1%\n \n \n Concessions\n \n \n Revenues\n \n \n 98\n \n \n 53\n \n \n 52\n \n \n 50\n \n \n 86\n \n \n 37\n \n \n 98\n \n \n 20\n \n \n 53\n \n \n 22\n \n \n 52\n \n \n 23\n \n \n 50\n \n \n 26\n \n \n 86\n \n \n EBITDA\n \n \n 67\n \n \n 46\n \n \n 37\n \n \n 67\n \n \n 170\n \n \n 22\n \n \n 67\n \n \n 18\n \n \n 46\n \n \n 15\n \n \n 37\n \n \n 31\n \n \n 67\n \n \n 41\n \n \n 170\n \n \n Margin (%)\n \n \n 68.2%\n \n \n 86.5%\n \n \n 71.5%\n \n \n 134.4%\n \n \n 197.5%\n \n \n 58.4%\n \n \n 68.2%\n \n \n 89.0%\n \n \n 86.5%\n \n \n 66.2%\n \n \n 71.5%\n \n \n 134.1%\n \n \n 134.4%\n \n \n 161.8%\n \n \n 197.5%\n \n \n Water\n \n \n Revenues\n \n \n 976\n \n \n 1,052\n \n \n 1,272\n \n \n 1,214\n \n \n 1,189\n \n \n 487\n \n \n 976\n \n \n 516\n \n \n 1,052\n \n \n 560\n \n \n 1,272\n \n \n 610\n \n \n 1,214\n \n \n 545\n \n \n 1,189\n \n \n EBITDA\n \n \n 85\n \n \n 100\n \n \n 89\n \n \n 95\n \n \n 93\n \n \n 41\n \n \n 85\n \n \n 44\n \n \n 100\n \n \n 44\n \n \n 89\n \n \n 45\n \n \n 95\n \n \n 41\n \n \n 93\n \n \n Margin (%)\n \n \n 8.7%\n \n \n 9.5%\n \n \n 7.0%\n \n \n 7.8%\n \n \n 7.9%\n \n \n 8.4%\n \n \n 8.7%\n \n \n 8.5%\n \n \n 9.5%\n \n \n 7.8%\n \n \n 7.0%\n \n \n 7.3%\n \n \n 7.8%\n \n \n 7.6%\n \n \n 7.9%\n \n \n Urban & Enviromental Services (1)\n \n \n Revenues\n \n \n 145\n \n \n 165\n \n \n 148\n \n \n 165\n \n \n 210\n \n \n 77\n \n \n 145\n \n \n 78\n \n \n 165\n \n \n 71\n \n \n 148\n \n \n 80\n \n \n 165\n \n \n 102\n \n \n 210\n \n \n EBITDA\n \n \n 12\n \n \n 14\n \n \n 15\n \n \n 18\n \n \n 27\n \n \n 7\n \n \n 12\n \n \n 7\n \n \n 14\n \n \n 7\n \n \n 15\n \n \n 9\n \n \n 18\n \n \n 13\n \n \n 27\n \n \n Margin (%)\n \n \n 8.2%\n \n \n 8.4%\n \n \n 10.4%\n \n \n 11.0%\n \n \n 12.8%\n \n \n 8.6%\n \n \n 8.2%\n \n \n 9.4%\n \n \n 8.4%\n \n \n 9.2%\n \n \n 10.4%\n \n \n 11.1%\n \n \n 11.0%\n \n \n 12.5%\n \n \n 12.8%\n \n \n Consolidation Adjustments\n \n \n (68)\n \n \n (26)\n \n \n (16)\n \n \n (7)\n \n \n (20)\n \n \n (35)\n \n \n (68)\n \n \n (17)\n \n \n (26)\n \n \n (10)\n \n \n (16)\n \n \n (3)\n \n \n (7)\n \n \n (5)\n \n \n (20)\n \n \n Revenues\n \n \n 3,928\n \n \n 4,870\n \n \n 6,016\n \n \n 7,723\n \n \n 8,146\n \n \n 1,849\n \n \n 3,928\n \n \n 2,196\n \n \n 4,870\n \n \n 2,648\n \n \n 6,016\n \n \n 3,634\n \n \n 7,723\n \n \n 3,787\n \n \n 8,146\n \n \n EBITDA\n \n \n 214\n \n \n 323\n \n \n 369\n \n \n 551\n \n \n 762\n \n \n 71\n \n \n 214\n \n \n 126\n \n \n 323\n \n \n 149\n \n \n 369\n \n \n 232\n \n \n 551\n \n \n 331\n \n \n 762\n \n \n Margin (%)\n \n \n 5.4%\n \n \n 6.6%\n \n \n 6.1%\n \n \n 7.1%\n \n \n 9.4%\n \n \n 3.9%\n \n \n 5.4%\n \n \n 5.7%\n \n \n 6.6%\n \n \n 5.6%\n \n \n 6.1%\n \n \n 6.4%\n \n \n 7.1%\n \n \n 8.7%\n \n \n 9.4%\n \n \n EBT\n \n \n 65\n \n \n 83\n \n \n 87\n \n \n 156\n \n \n 275\n \n \n (69)\n \n \n 65\n \n \n 37\n \n \n 83\n \n \n 41\n \n \n 87\n \n \n 69\n \n \n 156\n \n \n 131\n \n \n 275\n \n \n (1) Rest of services included until 2020\n \n \n P&L by region\n \n \n Revenues\n \n \n Spain\n \n \n 1,092\n \n \n 1,122\n \n \n 1,161\n \n \n 1,339\n \n \n 1,631\n \n \n 500\n \n \n 1,092\n \n \n 549\n \n \n 1,122\n \n \n 546\n \n \n 1,161\n \n \n 650\n \n \n 1,339\n \n \n 773\n \n \n 1,631\n \n \n Latam (Mexico incl.)\n \n \n 354\n \n \n 620\n \n \n 1,040\n \n \n 1,417\n \n \n 1,765\n \n \n 170\n \n \n 354\n \n \n 220\n \n \n 620\n \n \n 394\n \n \n 1,040\n \n \n 624\n \n \n 1,417\n \n \n 763\n \n \n 1,765\n \n \n EMEA (Spain not incl.)\n \n \n 1,302\n \n \n 1,191\n \n \n 1,595\n \n \n 1,667\n \n \n 1,424\n \n \n 700\n \n \n 1,302\n \n \n 577\n \n \n 1,191\n \n \n 745\n \n \n 1,595\n \n \n 847\n \n \n 1,667\n \n \n 682\n \n \n 1,424\n \n \n Australia & South East Asia\n \n \n 954\n \n \n 1,592\n \n \n 1,821\n \n \n 2,814\n \n \n 2,864\n \n \n 378\n \n \n 954\n \n \n 692\n \n \n 1,592\n \n \n 803\n \n \n 1,821\n \n \n 1,299\n \n \n 2,814\n \n \n 1,332\n \n \n 2,864\n \n \n North America\n \n \n 295\n \n \n 372\n \n \n 421\n \n \n 501\n \n \n 495\n \n \n 137\n \n \n 295\n \n \n 175\n \n \n 372\n \n \n 168\n \n \n 421\n \n \n 220\n \n \n 501\n \n \n 245\n \n \n 495\n \n \n Adj.\n \n \n (68)\n \n \n (26)\n \n \n (22)\n \n \n (15)\n \n \n (34)\n \n \n (35)\n \n \n (68)\n \n \n (17)\n \n \n (26)\n \n \n (10)\n \n \n (22)\n \n \n (6)\n \n \n (15)\n \n \n (9)\n \n \n (34)\n \n \n Revenues\n \n \n 3,928\n \n \n 4,870\n \n \n 6,016\n \n \n 7,723\n \n \n 8,146\n \n \n 1,849\n \n \n 3,928\n \n \n 2,196\n \n \n 4,870\n \n \n 2,648\n \n \n 6,016\n \n \n 3,634\n \n \n 7,723\n \n \n 3,787\n \n \n 8,146\n \n \n (1) Rest of services included until 2020\n \n \n ACCIONA\n \n \n 7\n \n \n Nordex - P&L Breakdown\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024 *\n \n \n FY 2024\n \n \n Revenues\n \n \n n.d\n \n \n n.d\n \n \n 5,694\n \n \n 6,489\n \n \n 7,299\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 5,694\n \n \n 2,753\n \n \n 6,489\n \n \n 3,434\n \n \n 7,299\n \n \n Gross profit\n \n \n n.d\n \n \n n.d\n \n \n 486\n \n \n 985\n \n \n 1,535\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 486\n \n \n 293\n \n \n 985\n \n \n 669\n \n \n 1,535\n \n \n Gross profit (%)\n \n \n n.d\n \n \n n.d\n \n \n 8.5%\n \n \n 15.2%\n \n \n 21.0%\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 8.5%\n \n \n 10.7%\n \n \n 15.2%\n \n \n 19.5%\n \n \n 21.0%\n \n \n EBITDA\n \n \n n.d\n \n \n n.d\n \n \n (244)\n \n \n 2\n \n \n 296\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n (244)\n \n \n (114)\n \n \n 2\n \n \n 118\n \n \n 296\n \n \n Margin (%)\n \n \n n.d\n \n \n n.d\n \n \n -4.3%\n \n \n 0%\n \n \n 4%\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n -4.3%\n \n \n -4.2%\n \n \n 0%\n \n \n 3%\n \n \n 4%\n \n \n EBIT\n \n \n n.d\n \n \n n.d\n \n \n (427)\n \n \n (186)\n \n \n 115\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n (427)\n \n \n (207)\n \n \n (186)\n \n \n 29\n \n \n 115\n \n \n Margin (%)\n \n \n n.d\n \n \n n.d\n \n \n -7.5%\n \n \n -2.9%\n \n \n 1.6%\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n -7.5%\n \n \n -7.5%\n \n \n -2.9%\n \n \n 0.8%\n \n \n 1.6%\n \n \n *Results reported by Nordex\n \n \n ACCIONA\n \n \n 8\n \n \n Other activities - P&L by activity\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n P&L\n \n \n Property Development\n \n \n Revenues\n \n \n 201\n \n \n 190\n \n \n 247\n \n \n 193\n \n \n 435\n \n \n 85\n \n \n 201\n \n \n 39\n \n \n 190\n \n \n 25\n \n \n 247\n \n \n 20\n \n \n 193\n \n \n 81\n \n \n 435\n \n \n EBITDA\n \n \n 19\n \n \n 27\n \n \n 13\n \n \n 4\n \n \n 43\n \n \n 10\n \n \n 19\n \n \n (8)\n \n \n 27\n \n \n (9)\n \n \n 13\n \n \n (14)\n \n \n 4\n \n \n (8)\n \n \n 43\n \n \n Margin (%)\n \n \n 9.4%\n \n \n 14.4%\n \n \n 5.2%\n \n \n 2.3%\n \n \n 10.0%\n \n \n 11.6%\n \n \n 9.4%\n \n \n -21.4%\n \n \n 14.4%\n \n \n -35.5%\n \n \n 5.2%\n \n \n n.a\n \n \n 2.3%\n \n \n -9.5%\n \n \n 10.0%\n \n \n Bestinver\n \n \n Revenues\n \n \n 114\n \n \n 128\n \n \n 101\n \n \n 96\n \n \n 113\n \n \n 48\n \n \n 114\n \n \n 62\n \n \n 128\n \n \n 55\n \n \n 101\n \n \n 48\n \n \n 96\n \n \n 52\n \n \n 113\n \n \n EBITDA\n \n \n 63\n \n \n 67\n \n \n 47\n \n \n 36\n \n \n 51\n \n \n 26\n \n \n 63\n \n \n 34\n \n \n 67\n \n \n 28\n \n \n 47\n \n \n 19\n \n \n 36\n \n \n 23\n \n \n 51\n \n \n Margin (%)\n \n \n 54.9%\n \n \n 52.4%\n \n \n 46.2%\n \n \n 37.4%\n \n \n 45.1%\n \n \n 54.2%\n \n \n 54.9%\n \n \n 54.5%\n \n \n 52.4%\n \n \n 49.8%\n \n \n 46.2%\n \n \n 39.7%\n \n \n 37.4%\n \n \n 45.0%\n \n \n 45.1%\n \n \n Corp. & other\n \n \n Revenues\n \n \n 637\n \n \n 738\n \n \n 834\n \n \n 927\n \n \n 921\n \n \n 308\n \n \n 637\n \n \n 346\n \n \n 738\n \n \n 409\n \n \n 834\n \n \n 478\n \n \n 927\n \n \n 481\n \n \n 921\n \n \n EBITDA\n \n \n (2)\n \n \n 9\n \n \n 14\n \n \n 13\n \n \n 27\n \n \n (10)\n \n \n (2)\n \n \n 3\n \n \n 9\n \n \n (0)\n \n \n 14\n \n \n 10\n \n \n 13\n \n \n 19\n \n \n 27\n \n \n Margin (%)\n \n \n -0.3%\n \n \n 1.3%\n \n \n 1.7%\n \n \n 1.4%\n \n \n 3.0%\n \n \n -3.2%\n \n \n -0.3%\n \n \n 1.0%\n \n \n 1.3%\n \n \n -0.1%\n \n \n 1.7%\n \n \n 2.0%\n \n \n 1.4%\n \n \n 4.0%\n \n \n 3.0%\n \n \n Revenues\n \n \n 953\n \n \n 1,055\n \n \n 1,183\n \n \n 1,216\n \n \n 1,468\n \n \n 441\n \n \n 953\n \n \n 447\n \n \n 1,055\n \n \n 490\n \n \n 1,183\n \n \n 546\n \n \n 1,216\n \n \n 613\n \n \n 1,468\n \n \n EBITDA\n \n \n 79\n \n \n 104\n \n \n 73\n \n \n 54\n \n \n 122\n \n \n 26\n \n \n 79\n \n \n 29\n \n \n 104\n \n \n 18\n \n \n 73\n \n \n 15\n \n \n 54\n \n \n 35\n \n \n 122\n \n \n EBT\n \n \n 75\n \n \n (24)\n \n \n (2)\n \n \n (22)\n \n \n (17)\n \n \n (93)\n \n \n 75\n \n \n (11)\n \n \n (24)\n \n \n (123)\n \n \n (2)\n \n \n (123)\n \n \n (22)\n \n \n (27)\n \n \n (17)\n \n \n ACCIONA\n \n \n 9\n \n BS\n \n ACCIONA Balance Sheet\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020 (*)\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n Balance Sheet\n \n \n Property, Plant & Equipment and Intangible assets\n \n \n 7,873\n \n \n 8,659\n \n \n 10,198\n \n \n 13,245\n \n \n 14,258\n \n \n 7,850\n \n \n 7,873\n \n \n 8,104\n \n \n 8,659\n \n \n 9,298\n \n \n 10,198\n \n \n 11,735\n \n \n 13,245\n \n \n 13,736\n \n \n 14,258\n \n \n Right of use\n \n \n 497\n \n \n 528\n \n \n 548\n \n \n 824\n \n \n 876\n \n \n 446\n \n \n 497\n \n \n 501\n \n \n 528\n \n \n 561\n \n \n 548\n \n \n 760\n \n \n 824\n \n \n 823\n \n \n 876\n \n \n Financial assets\n \n \n 189\n \n \n 219\n \n \n 263\n \n \n 184\n \n \n 323\n \n \n 200\n \n \n 189\n \n \n 449\n \n \n 219\n \n \n 239\n \n \n 263\n \n \n 203\n \n \n 184\n \n \n 192\n \n \n 323\n \n \n Investments applying the equity method\n \n \n 1,227\n \n \n 1,325\n \n \n 1,730\n \n \n 732\n \n \n 798\n \n \n 1,037\n \n \n 1,227\n \n \n 1,230\n \n \n 1,325\n \n \n 1,585\n \n \n 1,730\n \n \n 727\n \n \n 732\n \n \n 781\n \n \n 798\n \n \n Goodwill\n \n \n 230\n \n \n 249\n \n \n 249\n \n \n 1,369\n \n \n 1,365\n \n \n 227\n \n \n 230\n \n \n 258\n \n \n 249\n \n \n 313\n \n \n 249\n \n \n 1,494\n \n \n 1,369\n \n \n 1,370\n \n \n 1,365\n \n \n Other non-current assets\n \n \n 1,303\n \n \n 1,388\n \n \n 1,418\n \n \n 2,014\n \n \n 2,762\n \n \n 1,541\n \n \n 1,303\n \n \n 1,356\n \n \n 1,388\n \n \n 1,411\n \n \n 1,418\n \n \n 1,792\n \n \n 2,014\n \n \n 2,268\n \n \n 2,762\n \n \n Non-Current Assets\n \n \n 11,320\n \n \n 12,367\n \n \n 14,405\n \n \n 18,368\n \n \n 20,382\n \n \n 11,302\n \n \n 11,320\n \n \n 11,897\n \n \n 12,367\n \n \n 13,407\n \n \n 14,405\n \n \n 16,710\n \n \n 18,368\n \n \n 19,169\n \n \n 20,382\n \n \n Inventories\n \n \n 1,230\n \n \n 1,210\n \n \n 1,386\n \n \n 3,067\n \n \n 2,651\n \n \n 1,282\n \n \n 1,230\n \n \n 1,430\n \n \n 1,210\n \n \n 1,429\n \n \n 1,386\n \n \n 2,903\n \n \n 3,067\n \n \n 2,958\n \n \n 2,651\n \n \n Accounts receivable\n \n \n 2,252\n \n \n 2,731\n \n \n 3,340\n \n \n 4,405\n \n \n 4,310\n \n \n 2,069\n \n \n 2,252\n \n \n 2,316\n \n \n 2,731\n \n \n 3,329\n \n \n 3,340\n \n \n 4,890\n \n \n 4,405\n \n \n 4,944\n \n \n 4,310\n \n \n Other current assets\n \n \n 327\n \n \n 454\n \n \n 789\n \n \n 1,151\n \n \n 860\n \n \n 468\n \n \n 327\n \n \n 455\n \n \n 454\n \n \n 493\n \n \n 789\n \n \n 1,258\n \n \n 1,151\n \n \n 1,079\n \n \n 860\n \n \n Other current financial assets\n \n \n 213\n \n \n 218\n \n \n 315\n \n \n 610\n \n \n 617\n \n \n 171\n \n \n 213\n \n \n 184\n \n \n 218\n \n \n 282\n \n \n 315\n \n \n 350\n \n \n 610\n \n \n 224\n \n \n 617\n \n \n Cash and Cash equivalents\n \n \n 2,407\n \n \n 2,318\n \n \n 2,360\n \n \n 3,714\n \n \n 4,240\n \n \n 1,117\n \n \n 2,407\n \n \n 2,057\n \n \n 2,318\n \n \n 2,640\n \n \n 2,360\n \n \n 2,751\n \n \n 3,714\n \n \n 3,253\n \n \n 4,240\n \n \n Assets held for sale\n \n \n 458\n \n \n 303\n \n \n -\n \n \n 335\n \n \n 1,560\n \n \n 341\n \n \n 458\n \n \n 336\n \n \n 303\n \n \n 310\n \n \n -\n \n \n -\n \n \n 335\n \n \n 1,087\n \n \n 1,560\n \n \n Current Assets\n \n \n 6,887\n \n \n 7,236\n \n \n 8,190\n \n \n 13,282\n \n \n 14,238\n \n \n 5,448\n \n \n 6,887\n \n \n 6,778\n \n \n 7,236\n \n \n 8,483\n \n \n 8,190\n \n \n 12,151\n \n \n 13,282\n \n \n 13,544\n \n \n 14,238\n \n \n Total Assets\n \n \n 18,207\n \n \n 19,603\n \n \n 22,595\n \n \n 31,650\n \n \n 34,620\n \n \n 16,750\n \n \n 18,207\n \n \n 18,675\n \n \n 19,603\n \n \n 21,890\n \n \n 22,595\n \n \n 28,861\n \n \n 31,650\n \n \n 32,714\n \n \n 34,620\n \n \n Capital\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n 55\n \n \n Reserves\n \n \n 2,927\n \n \n 3,943\n \n \n 4,406\n \n \n 4,423\n \n \n 4,382\n \n \n 3,144\n \n \n 2,927\n \n \n 3,298\n \n \n 3,943\n \n \n 4,497\n \n \n 4,406\n \n \n 4,641\n \n \n 4,423\n \n \n 4,571\n \n \n 4,382\n \n \n Profit attributable to equity holders of the parent\n \n \n 387\n \n \n 332\n \n \n 441\n \n \n 541\n \n \n 422\n \n \n 22\n \n \n 387\n \n \n 148\n \n \n 332\n \n \n 201\n \n \n 441\n \n \n 467\n \n \n 541\n \n \n 116\n \n \n 422\n \n \n Own Securities\n \n \n (22)\n \n \n (18)\n \n \n (17)\n \n \n (10)\n \n \n (46)\n \n \n (24)\n \n \n (22)\n \n \n (17)\n \n \n (18)\n \n \n (17)\n \n \n (17)\n \n \n (13)\n \n \n (10)\n \n \n (46)\n \n \n (46)\n \n \n Equity Attributable To Equity Holders Of The Parent\n \n \n 3,347\n \n \n 4,312\n \n \n 4,884\n \n \n 5,009\n \n \n 4,812\n \n \n 3,198\n \n \n 3,347\n \n \n 3,484\n \n \n 4,312\n \n \n 4,735\n \n \n 4,884\n \n \n 5,150\n \n \n 5,009\n \n \n 4,695\n \n \n 4,812\n \n \n Minority Interest\n \n \n 365\n \n \n 1,246\n \n \n 1,419\n \n \n 1,842\n \n \n 1,564\n \n \n 191\n \n \n 365\n \n \n 381\n \n \n 1,246\n \n \n 1,399\n \n \n 1,419\n \n \n 1,731\n \n \n 1,842\n \n \n 1,822\n \n \n 1,564\n \n \n Equity\n \n \n 3,711\n \n \n 5,557\n \n \n 6,303\n \n \n 6,851\n \n \n 6,376\n \n \n 3,389\n \n \n 3,711\n \n \n 3,865\n \n \n 5,557\n \n \n 6,134\n \n \n 6,303\n \n \n 6,881\n \n \n 6,851\n \n \n 6,517\n \n \n 6,376\n \n \n Interest-bearing borrowings\n \n \n 4,871\n \n \n 4,436\n \n \n 5,725\n \n \n 8,045\n \n \n 8,261\n \n \n 4,890\n \n \n 4,871\n \n \n 5,539\n \n \n 4,436\n \n \n 5,191\n \n \n 5,725\n \n \n 7,423\n \n \n 8,045\n \n \n 8,762\n \n \n 8,261\n \n \n LT Leasing liabilities\n \n \n 420\n \n \n 430\n \n \n 439\n \n \n 687\n \n \n 754\n \n \n 381\n \n \n 420\n \n \n 414\n \n \n 430\n \n \n 438\n \n \n 439\n \n \n 614\n \n \n 687\n \n \n 681\n \n \n 754\n \n \n Other non-currrent liabilities\n \n \n 1,862\n \n \n 2,265\n \n \n 2,304\n \n \n 3,803\n \n \n 4,986\n \n \n 1,915\n \n \n 1,862\n \n \n 1,938\n \n \n 2,265\n \n \n 2,509\n \n \n 2,304\n \n \n 2,598\n \n \n 3,803\n \n \n 4,133\n \n \n 4,986\n \n \n Non-Current Liabilities\n \n \n 7,153\n \n \n 7,131\n \n \n 8,467\n \n \n 12,535\n \n \n 14,002\n \n \n 7,186\n \n \n 7,153\n \n \n 7,891\n \n \n 7,131\n \n \n 8,137\n \n \n 8,467\n \n \n 10,636\n \n \n 12,535\n \n \n 13,576\n \n \n 14,002\n \n \n Interest-bearing borrowings\n \n \n 1,987\n \n \n 1,947\n \n \n 1,692\n \n \n 2,019\n \n \n 2,834\n \n \n 1,679\n \n \n 1,987\n \n \n 2,007\n \n \n 1,947\n \n \n 2,253\n \n \n 1,692\n \n \n 2,021\n \n \n 2,019\n \n \n 2,134\n \n \n 2,834\n \n \n ST Leasing liabilities\n \n \n 74\n \n \n 68\n \n \n 72\n \n \n 124\n \n \n 136\n \n \n 57\n \n \n 74\n \n \n 73\n \n \n 68\n \n \n 81\n \n \n 72\n \n \n 108\n \n \n 124\n \n \n 128\n \n \n 136\n \n \n Trade payables\n \n \n 2,953\n \n \n 3,148\n \n \n 3,889\n \n \n 6,958\n \n \n 6,939\n \n \n 2,559\n \n \n 2,953\n \n \n 2,919\n \n \n 3,148\n \n \n 3,524\n \n \n 3,889\n \n \n 6,650\n \n \n 6,958\n \n \n 6,761\n \n \n 6,939\n \n \n Other current liabilities\n \n \n 1,945\n \n \n 1,489\n \n \n 2,171\n \n \n 2,658\n \n \n 2,896\n \n \n 1,662\n \n \n 1,945\n \n \n 1,658\n \n \n 1,489\n \n \n 1,532\n \n \n 2,171\n \n \n 2,565\n \n \n 2,658\n \n \n 2,740\n \n \n 2,896\n \n \n Liabilities associated to assets held for sale\n \n \n 383\n \n \n 263\n \n \n -\n \n \n 505\n \n \n 1,438\n \n \n 218\n \n \n 383\n \n \n 263\n \n \n 263\n \n \n 228\n \n \n -\n \n \n -\n \n \n 505\n \n \n 857\n \n \n 1,438\n \n \n Current Liabilities\n \n \n 7,342\n \n \n 6,914\n \n \n 7,824\n \n \n 12,264\n \n \n 14,242\n \n \n 6,175\n \n \n 7,342\n \n \n 6,919\n \n \n 6,914\n \n \n 7,618\n \n \n 7,824\n \n \n 11,345\n \n \n 12,264\n \n \n 12,620\n \n \n 14,242\n \n \n Total Liabilities and Equity\n \n \n 18,207\n \n \n 19,603\n \n \n 22,595\n \n \n 31,650\n \n \n 34,620\n \n \n 16,750\n \n \n 18,207\n \n \n 18,675\n \n \n 19,603\n \n \n 21,890\n \n \n 22,595\n \n \n 28,861\n \n \n 31,650\n \n \n 32,714\n \n \n 34,620\n \n \n * Data reexpresed\n \n \n (0)\n \n \n 0\n \n \n (0)\n \n \n -\n \n \n (0)\n \n \n 0\n \n \n (0)\n \n \n (0)\n \n \n 0\n \n \n 0\n \n \n (0)\n \n \n 0\n \n \n 0\n \n \n (0)\n \n \n ACCIONA\n \n \n 10\n \n CF\n \n ACCIONA - Cashflow\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022 (*)\n \n \n FY 2023 (*)\n \n \n FY 2024\n \n \n H1 2020 (*)\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022 (*)\n \n \n H1 2023\n \n \n FY 2023 (*)\n \n \n H1 2024\n \n \n FY 2024\n \n \n Cashflow\n \n \n EBITDA\n \n \n 1,133\n \n \n 1,483\n \n \n 2,068\n \n \n 1,981\n \n \n 2,455\n \n \n 499\n \n \n 1,133\n \n \n 643\n \n \n 1,483\n \n \n 1,064\n \n \n 2,068\n \n \n 924\n \n \n 1,981\n \n \n 990\n \n \n 2,455\n \n \n Financial Results\n \n \n (200)\n \n \n (182)\n \n \n (169)\n \n \n (347)\n \n \n (451)\n \n \n (105)\n \n \n (200)\n \n \n (95)\n \n \n (182)\n \n \n (76)\n \n \n (169)\n \n \n (119)\n \n \n (347)\n \n \n (209)\n \n \n (451)\n \n \n Working Capital\n \n \n 198\n \n \n (117)\n \n \n 196\n \n \n 430\n \n \n 457\n \n \n (202)\n \n \n 198\n \n \n (187)\n \n \n (117)\n \n \n (169)\n \n \n 196\n \n \n (459)\n \n \n 430\n \n \n (570)\n \n \n 457\n \n \n Other operating cashflow\n \n \n (211)\n \n \n (432)\n \n \n (380)\n \n \n (164)\n \n \n (287)\n \n \n (166)\n \n \n (211)\n \n \n (247)\n \n \n (432)\n \n \n (230)\n \n \n (380)\n \n \n (226)\n \n \n (164)\n \n \n (133)\n \n \n (287)\n \n \n Operating cashflow\n \n \n 920\n \n \n 751\n \n \n 1,714\n \n \n 1,900\n \n \n 2,173\n \n \n 26\n \n \n 920\n \n \n 113\n \n \n 751\n \n \n 589\n \n \n 1,714\n \n \n 119\n \n \n 1,900\n \n \n 78\n \n \n 2,173\n \n \n Ordinary Capex\n \n \n (829)\n \n \n (1,319)\n \n \n (1,943)\n \n \n (3,122)\n \n \n (2,779)\n \n \n (484)\n \n \n (829)\n \n \n (1,082)\n \n \n (1,319)\n \n \n (1,136)\n \n \n (1,943)\n \n \n (2,064)\n \n \n (3,122)\n \n \n (1,630)\n \n \n (2,779)\n \n \n Divestments\n \n \n 318\n \n \n 1,523\n \n \n -\n \n \n -\n \n \n 314\n \n \n -\n \n \n 318\n \n \n 73\n \n \n 1,523\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n 314\n \n \n Real Estate investment\n \n \n (14)\n \n \n (224)\n \n \n (61)\n \n \n (205)\n \n \n 65\n \n \n (20)\n \n \n (14)\n \n \n (113)\n \n \n (224)\n \n \n (82)\n \n \n (61)\n \n \n (136)\n \n \n (205)\n \n \n (85)\n \n \n 65\n \n \n Net investment cashflow\n \n \n (526)\n \n \n (20)\n \n \n (2,004)\n \n \n (3,327)\n \n \n (2,401)\n \n \n (504)\n \n \n (526)\n \n \n (1,122)\n \n \n (20)\n \n \n (1,217)\n \n \n (2,004)\n \n \n (2,200)\n \n \n (3,327)\n \n \n (1,715)\n \n \n (2,401)\n \n \n Treasury stock\n \n \n 0\n \n \n (1)\n \n \n (1)\n \n \n 1\n \n \n (46)\n \n \n 0\n \n \n 0\n \n \n -\n \n \n (1)\n \n \n (1)\n \n \n (1)\n \n \n (0)\n \n \n 1\n \n \n (46)\n \n \n (46)\n \n \n Derivatives\n \n \n 5\n \n \n 20\n \n \n 89\n \n \n 0\n \n \n (27)\n \n \n (8)\n \n \n 5\n \n \n 33\n \n \n 20\n \n \n 62\n \n \n 89\n \n \n (30)\n \n \n 0\n \n \n (50)\n \n \n (27)\n \n \n Forex\n \n \n 36\n \n \n (8)\n \n \n (16)\n \n \n 12\n \n \n (25)\n \n \n 28\n \n \n 36\n \n \n (10)\n \n \n (8)\n \n \n (15)\n \n \n (16)\n \n \n 10\n \n \n 12\n \n \n (25)\n \n \n (25)\n \n \n Dividends\n \n \n (106)\n \n \n (214)\n \n \n (225)\n \n \n (247)\n \n \n (266)\n \n \n 0\n \n \n (106)\n \n \n 0\n \n \n (214)\n \n \n 0\n \n \n (225)\n \n \n 0\n \n \n (247)\n \n \n (0)\n \n \n (266)\n \n \n Perimeter changes & other\n \n \n 347\n \n \n (137)\n \n \n (453)\n \n \n 664\n \n \n 94\n \n \n 91\n \n \n 347\n \n \n (81)\n \n \n (137)\n \n \n (93)\n \n \n (453)\n \n \n 500\n \n \n 664\n \n \n 78\n \n \n 94\n \n \n Financing/Others cashflow\n \n \n 282\n \n \n (340)\n \n \n (605)\n \n \n 430\n \n \n (271)\n \n \n 111\n \n \n 282\n \n \n (58)\n \n \n (340)\n \n \n (47)\n \n \n (605)\n \n \n 479\n \n \n 430\n \n \n (42)\n \n \n (271)\n \n \n 0\n \n \n Change in net debt + Decr. / - Incr.\n \n \n 676\n \n \n 392\n \n \n (895)\n \n \n (997)\n \n \n (498)\n \n \n (366)\n \n \n 676\n \n \n (1,066)\n \n \n 392\n \n \n (675)\n \n \n (895)\n \n \n (1,601)\n \n \n (997)\n \n \n (1,679)\n \n \n (498)\n \n \n * Data reexpresed\n \n \n ACCIONA\n \n \n 11\n \n Debt&Capex\n \n ACCIONA - Net Financial Debt & Capex\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n Net Financial Debt\n \n \n Project Debt\n \n \n 947\n \n \n 850\n \n \n 631\n \n \n 611\n \n \n 409\n \n \n 1,022\n \n \n 947\n \n \n 903\n \n \n 850\n \n \n 687\n \n \n 631\n \n \n 655\n \n \n 611\n \n \n 576\n \n \n 409\n \n \n Corporate Debt\n \n \n 5,912\n \n \n 5,533\n \n \n 6,786\n \n \n 9,453\n \n \n 10,686\n \n \n 5,547\n \n \n 5,912\n \n \n 6,642\n \n \n 5,533\n \n \n 6,757\n \n \n 6,786\n \n \n 8,789\n \n \n 9,453\n \n \n 10,321\n \n \n 10,686\n \n \n Total interest-bearing debt\n \n \n 6,858\n \n \n 6,383\n \n \n 7,417\n \n \n 10,064\n \n \n 11,095\n \n \n 6,569\n \n \n 6,858\n \n \n 7,546\n \n \n 6,383\n \n \n 7,443\n \n \n 7,417\n \n \n 9,444\n \n \n 10,064\n \n \n 10,896\n \n \n 11,095\n \n \n Cash + Cash equivalents\n \n \n (2,620)\n \n \n (2,536)\n \n \n (2,675)\n \n \n (4,324)\n \n \n (4,857)\n \n \n (1,288)\n \n \n (2,620)\n \n \n (2,241)\n \n \n (2,536)\n \n \n (2,921)\n \n \n (2,675)\n \n \n (3,101)\n \n \n (4,324)\n \n \n (3,477)\n \n \n (4,857)\n \n \n Net financial debt excl. IFRS16\n \n \n 4,239\n \n \n 3,847\n \n \n 4,742\n \n \n 5,740\n \n \n 6,238\n \n \n 5,281\n \n \n 4,239\n \n \n 5,305\n \n \n 3,847\n \n \n 4,522\n \n \n 4,742\n \n \n 6,344\n \n \n 5,740\n \n \n 7,419\n \n \n 6,238\n \n \n IFRS 16 liability\n \n \n 494\n \n \n 497\n \n \n 511\n \n \n 811\n \n \n 891\n \n \n 438\n \n \n 494\n \n \n 487\n \n \n 497\n \n \n 519\n \n \n 511\n \n \n 722\n \n \n 811\n \n \n 809\n \n \n 891\n \n \n Net financial debt\n \n \n 4,733\n \n \n 4,344\n \n \n 5,253\n \n \n 6,551\n \n \n 7,128\n \n \n 5,719\n \n \n 4,733\n \n \n 5,792\n \n \n 4,344\n \n \n 5,041\n \n \n 5,253\n \n \n 7,066\n \n \n 6,551\n \n \n 8,229\n \n \n 7,128\n \n \n Financial Debt Details\n \n \n Gross financial debt - Level\n \n \n Corporate\n \n \n 86%\n \n \n 87%\n \n \n 91%\n \n \n 94%\n \n \n 96%\n \n \n 84%\n \n \n 86%\n \n \n 88%\n \n \n 87%\n \n \n 91%\n \n \n 91%\n \n \n 93%\n \n \n 94%\n \n \n 95%\n \n \n 96%\n \n \n Project\n \n \n 14%\n \n \n 13%\n \n \n 9%\n \n \n 6%\n \n \n 4%\n \n \n 16%\n \n \n 14%\n \n \n 12%\n \n \n 13%\n \n \n 9%\n \n \n 9%\n \n \n 7%\n \n \n 6%\n \n \n 5%\n \n \n 4%\n \n \n Gross financial debt - Currency\n \n \n Euro\n \n \n 83%\n \n \n 87%\n \n \n 83%\n \n \n 79%\n \n \n 77%\n \n \n 81%\n \n \n 83%\n \n \n 84%\n \n \n 87%\n \n \n 85%\n \n \n 83%\n \n \n 79%\n \n \n 79%\n \n \n 77%\n \n \n 77%\n \n \n US Dollar\n \n \n 6%\n \n \n 7%\n \n \n 9%\n \n \n 6%\n \n \n 10%\n \n \n 7%\n \n \n 6%\n \n \n 6%\n \n \n 7%\n \n \n 10%\n \n \n 9%\n \n \n 8%\n \n \n 6%\n \n \n 10%\n \n \n 10%\n \n \n AUS Dollar\n \n \n n.a\n \n \n n.a\n \n \n n.a\n \n \n 12%\n \n \n 10%\n \n \n 12%\n \n \n 11%\n \n \n 10%\n \n \n Others\n \n \n 11%\n \n \n 6%\n \n \n 8%\n \n \n 2%\n \n \n 2%\n \n \n 12%\n \n \n 11%\n \n \n 10%\n \n \n 6%\n \n \n 5%\n \n \n 8%\n \n \n 14%\n \n \n 2%\n \n \n 2%\n \n \n 2%\n \n \n Gros Financial Debt - Interest rate\n \n \n Fixed\n \n \n 60%\n \n \n 52%\n \n \n 54%\n \n \n 50%\n \n \n 45%\n \n \n 58%\n \n \n 60%\n \n \n 69%\n \n \n 52%\n \n \n 55%\n \n \n 54%\n \n \n 48%\n \n \n 50%\n \n \n 45%\n \n \n 45%\n \n \n Variable\n \n \n 40%\n \n \n 48%\n \n \n 46%\n \n \n 50%\n \n \n 55%\n \n \n 42%\n \n \n 40%\n \n \n 31%\n \n \n 48%\n \n \n 45%\n \n \n 46%\n \n \n 52%\n \n \n 50%\n \n \n 55%\n \n \n 55%\n \n \n Corporate debt\n \n \n Bank debt\n \n \n 59%\n \n \n 25%\n \n \n 30%\n \n \n 42%\n \n \n 44%\n \n \n 65%\n \n \n 59%\n \n \n 47%\n \n \n 25%\n \n \n 18%\n \n \n 30%\n \n \n 40%\n \n \n 42%\n \n \n 45%\n \n \n 44%\n \n \n Non-bank debt\n \n \n 41%\n \n \n 75%\n \n \n 70%\n \n \n 58%\n \n \n 56%\n \n \n 35%\n \n \n 41%\n \n \n 53%\n \n \n 75%\n \n \n 82%\n \n \n 70%\n \n \n 60%\n \n \n 58%\n \n \n 55%\n \n \n 56%\n \n \n Average cost of debt\n \n \n Total debt\n \n \n 2.8%\n \n \n 2.4%\n \n \n 2.5%\n \n \n 3.8%\n \n \n 4.8%\n \n \n 3.0%\n \n \n 2.8%\n \n \n 2.6%\n \n \n 2.4%\n \n \n 2.3%\n \n \n 2.5%\n \n \n 3.0%\n \n \n 3.8%\n \n \n 4.8%\n \n \n 4.8%\n \n \n Project debt\n \n \n 7.4%\n \n \n 7.5%\n \n \n 8.4%\n \n \n 8.0%\n \n \n 8.2%\n \n \n 7.5%\n \n \n 7.4%\n \n \n 7.7%\n \n \n 7.5%\n \n \n 8.1%\n \n \n 8.4%\n \n \n 8.1%\n \n \n 8.0%\n \n \n 8.5%\n \n \n 8.2%\n \n \n Corporate debt\n \n \n 2.0%\n \n \n 1.7%\n \n \n 1.9%\n \n \n 3.5%\n \n \n 4.6%\n \n \n 2.1%\n \n \n 2.0%\n \n \n 1.9%\n \n \n 1.7%\n \n \n 1.6%\n \n \n 1.9%\n \n \n 2.5%\n \n \n 3.5%\n \n \n 4.5%\n \n \n 4.6%\n \n \n Average maturity (years)\n \n \n Debt\n \n \n 4.26\n \n \n 3.79\n \n \n 4.18\n \n \n 4.32\n \n \n 4.11\n \n \n 4.39\n \n \n 4.26\n \n \n 2.66\n \n \n 3.79\n \n \n 4.31\n \n \n 4.18\n \n \n 4.81\n \n \n 4.32\n \n \n 4.36\n \n \n 4.11\n \n \n Undrawn lines\n \n \n 2.57\n \n \n 2.11\n \n \n 2.13\n \n \n 2.41\n \n \n 2.49\n \n \n 2.84\n \n \n 2.57\n \n \n 2.82\n \n \n 2.11\n \n \n 2.55\n \n \n 2.13\n \n \n 2.22\n \n \n 2.41\n \n \n 2.25\n \n \n 2.49\n \n \n ACCIONA\n \n \n 12\n \n \n ACCIONA Net Financial Debt & Capex\n \n \n 0\n \n \n Year-end data\n \n \n Quarterly data\n \n \n (€m)\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020 (*)\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n Capex\n \n \n Energy\n \n \n 577\n \n \n 819\n \n \n 1,279\n \n \n 2,321\n \n \n 1,538\n \n \n 413\n \n \n 577\n \n \n 661\n \n \n 819\n \n \n 770\n \n \n 1,279\n \n \n 1,544\n \n \n 2,321\n \n \n 847\n \n \n 1,538\n \n \n Construction\n \n \n 79\n \n \n 127\n \n \n 128\n \n \n 163\n \n \n 236\n \n \n 23\n \n \n 79\n \n \n 102\n \n \n 127\n \n \n 51\n \n \n 128\n \n \n 84\n \n \n 163\n \n \n 563\n \n \n 236\n \n \n Concessions\n \n \n 72\n \n \n 8\n \n \n 92\n \n \n 67\n \n \n 580\n \n \n 9\n \n \n 72\n \n \n 0\n \n \n 8\n \n \n 87\n \n \n 92\n \n \n 8\n \n \n 67\n \n \n 58\n \n \n 580\n \n \n Water\n \n \n 10\n \n \n 41\n \n \n 14\n \n \n 14\n \n \n 46\n \n \n 8\n \n \n 10\n \n \n 31\n \n \n 41\n \n \n 3\n \n \n 14\n \n \n 6\n \n \n 14\n \n \n 28\n \n \n 46\n \n \n Urban & Enviromental Services\n \n \n 11\n \n \n 9\n \n \n 10\n \n \n 23\n \n \n 36\n \n \n 8\n \n \n 11\n \n \n 10\n \n \n 9\n \n \n 3\n \n \n 10\n \n \n 18\n \n \n 23\n \n \n 17\n \n \n 36\n \n \n Infrastructure\n \n \n 172\n \n \n 185\n \n \n 244\n \n \n 267\n \n \n 898\n \n \n 49\n \n \n 172\n \n \n 144\n \n \n 185\n \n \n 143\n \n \n 244\n \n \n 116\n \n \n 267\n \n \n 667\n \n \n 898\n \n \n Nordex\n \n \n n.d\n \n \n n.d\n \n \n 243\n \n \n 376\n \n \n 159\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n n.d\n \n \n 243\n \n \n 302\n \n \n 376\n \n \n 88\n \n \n 159\n \n \n Other Activities\n \n \n 80\n \n \n 316\n \n \n 178\n \n \n 158\n \n \n 184\n \n \n 22\n \n \n 80\n \n \n 277\n \n \n 316\n \n \n 223\n \n \n 178\n \n \n 103\n \n \n 158\n \n \n 29\n \n \n 184\n \n \n Ordinary Capex\n \n \n 829\n \n \n 1,320\n \n \n 1,943\n \n \n 3,122\n \n \n 2,779\n \n \n 484\n \n \n 829\n \n \n 1,082\n \n \n 1,320\n \n \n 1,136\n \n \n 1,943\n \n \n 2,064\n \n \n 3,122\n \n \n 1,630\n \n \n 2,779\n \n \n Property Development\n \n \n 14\n \n \n 224\n \n \n 61\n \n \n 205\n \n \n (65)\n \n \n 20\n \n \n 14\n \n \n 113\n \n \n 224\n \n \n 82\n \n \n 61\n \n \n 136\n \n \n 205\n \n \n 85\n \n \n (65)\n \n \n Divestments\n \n \n (318)\n \n \n (1,523)\n \n \n -\n \n \n -\n \n \n (314)\n \n \n -\n \n \n (318)\n \n \n (73)\n \n \n (1,523)\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n (314)\n \n \n Net Investment Cashflow\n \n \n 526\n \n \n 20\n \n \n 2,004\n \n \n 3,327\n \n \n 2,401\n \n \n 504\n \n \n 526\n \n \n 1,122\n \n \n 20\n \n \n 1,217\n \n \n 2,004\n \n \n 2,200\n \n \n 3,327\n \n \n 1,715\n \n \n 2,401\n \n \n * Data reexpresed\n \n \n ACCIONA\n \n \n 13\n \n ESG\n \n ACCIONA- ESG Data\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n H1 2020\n \n \n FY 2020\n \n \n H1 2021\n \n \n FY 2021\n \n \n H1 2022\n \n \n FY 2022\n \n \n H1 2023\n \n \n FY 2023\n \n \n H1 2024\n \n \n FY 2024\n \n \n ESG Data\n \n \n People\n \n \n Workforce (no.)\n \n \n 38,355\n \n \n 41,664\n \n \n 45,892\n \n \n 57,843\n \n \n 66,021\n \n \n 35,741\n \n \n 38,355\n \n \n 38,967\n \n \n 41,664\n \n \n 44,476\n \n \n 45,892\n \n \n 49,132\n \n \n 57,843\n \n \n 64,570\n \n \n 66,021\n \n \n Executive and manager women (%)\n \n \n 21%\n \n \n 22%\n \n \n 22%\n \n \n 23%\n \n \n 23%\n \n \n 21%\n \n \n 20.7%\n \n \n 22%\n \n \n 21.7%\n \n \n 22%\n \n \n 22.2%\n \n \n 23%\n \n \n 23%\n \n \n 23%\n \n \n 23%\n \n \n Workforce with disabilities in Spain (%)\n \n \n n.d.\n \n \n n.d.\n \n \n 4%\n \n \n 5%\n \n \n 5%\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 4.1%\n \n \n 4.6%\n \n \n 4.5%\n \n \n 4.6%\n \n \n Deceased\n \n \n n.d.\n \n \n n.d.\n \n \n 1\n \n \n 1\n \n \n -\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 2\n \n \n 1\n \n \n 0\n \n \n 0\n \n \n Employee Volunteer Hour (nº)\n \n \n n.d.\n \n \n n.d.\n \n \n 18,242\n \n \n 32,239\n \n \n 35,471\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 6,084\n \n \n 32,239\n \n \n 10,904\n \n \n 35,471\n \n \n Social Impact Management projects (no.)\n \n \n 127\n \n \n 204\n \n \n 253\n \n \n 272\n \n \n 303\n \n \n 114\n \n \n 127\n \n \n 117\n \n \n 204\n \n \n 216\n \n \n 253\n \n \n 246\n \n \n 272\n \n \n 272\n \n \n 303\n \n \n Accident frequency index - employees & contractors\n \n \n 1.90\n \n \n 2.10\n \n \n 1.90\n \n \n 1.59\n \n \n 1.44\n \n \n 1.90\n \n \n 1.90\n \n \n 2.05\n \n \n 2.10\n \n \n 1.89\n \n \n 1.90\n \n \n 1.59\n \n \n 1.59\n \n \n 1.44\n \n \n 1.44\n \n \n Planet\n \n \n CAPEX aligned with the low-carbon taxonomy (%)\n \n \n 85.0%\n \n \n 93,15%\n \n \n 97,96%\n \n \n 99.0%\n \n \n 99.6%\n \n \n 85.0%\n \n \n 85.0%\n \n \n 84.0%\n \n \n 93,15%\n \n \n 91.0%\n \n \n 97,96%\n \n \n 99,0% \n \n \n 99.0%\n \n \n 99.0%\n \n \n 99.6%\n \n \n Renewable production (GWh)\n \n \n 24,075\n \n \n 24,541\n \n \n 23,910\n \n \n 24,894\n \n \n 26,708\n \n \n 12,104\n \n \n 24,075\n \n \n 10,227\n \n \n 24,541\n \n \n 10,247\n \n \n 23,910\n \n \n 12,485\n \n \n 24,894\n \n \n 13,441\n \n \n 26,708\n \n \n Avoided emissions (CO₂ million ton)\n \n \n 13.2\n \n \n 13.4\n \n \n 13.3\n \n \n 13.6\n \n \n 14.4\n \n \n 6.9\n \n \n 13.2\n \n \n 6.8\n \n \n 13.4\n \n \n 6.7\n \n \n 13.3\n \n \n 7.0\n \n \n 13.6\n \n \n 7.2\n \n \n 14.4\n \n \n Generated scope 1+2 emissions (MtCO₂)\n \n \n 201\n \n \n 173\n \n \n 167\n \n \n 202\n \n \n 208\n \n \n 132\n \n \n 201\n \n \n 88\n \n \n 173\n \n \n 75\n \n \n 167\n \n \n 111\n \n \n 202\n \n \n 125\n \n \n 208\n \n \n Waste to landfill (thousand ton)\n \n \n 1,464\n \n \n 1,114\n \n \n 2,302\n \n \n 2,628\n \n \n 1,096\n \n \n 556\n \n \n 1,464\n \n \n 652\n \n \n 1,114\n \n \n 771\n \n \n 2,302\n \n \n 1,203\n \n \n 2,628\n \n \n 609\n \n \n 1,096\n \n \n Recovered waste (%)\n \n \n 77%\n \n \n 87%\n \n \n 77%\n \n \n 83%\n \n \n 93%\n \n \n 70%\n \n \n 77%\n \n \n 83%\n \n \n 87%\n \n \n 81%\n \n \n 77%\n \n \n 82.1\n \n \n 0.8\n \n \n n.a\n \n \n 1\n \n \n Water consumed (hm³)\n \n \n 4.75\n \n \n 5.00\n \n \n 6.82\n \n \n 8.40\n \n \n 7.60\n \n \n 2.23\n \n \n 4.75\n \n \n 2.50\n \n \n 5.00\n \n \n 2.66\n \n \n 6.82\n \n \n 4.04\n \n \n 8.40\n \n \n 2.78\n \n \n 7.60\n \n \n Governance\n \n \n Total Suppliers (nº)\n \n \n n.d.\n \n \n n.d.\n \n \n 25,515\n \n \n 27,344\n \n \n 30,029\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 25,515\n \n \n 29,213\n \n \n 27,344\n \n \n 26,700\n \n \n 30,029\n \n \n Audited suppliers(%)\n \n \n n.d.\n \n \n n.d.\n \n \n 94.9%\n \n \n 95.45%\n \n \n 93.10%\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 94.9%\n \n \n 94%\n \n \n 95%\n \n \n 89%\n \n \n 93%\n \n \n No Go Suppliers (nº)\n \n \n n.d.\n \n \n n.d.\n \n \n 193\n \n \n 166\n \n \n 207\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 193\n \n \n 157\n \n \n 166\n \n \n 189\n \n \n 207\n \n \n Ethical channel communications (nº)\n \n \n n.d.\n \n \n n.d.\n \n \n 117\n \n \n 238\n \n \n n.a\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 117\n \n \n 118\n \n \n 238\n \n \n n.a\n \n \n n.a\n \n \n Third party due diligence process (nº)\n \n \n n.d.\n \n \n n.d.\n \n \n 327\n \n \n 459\n \n \n 2,298\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 327\n \n \n 158\n \n \n 459\n \n \n 200\n \n \n 2,298\n \n \n Sustainable financing(%)\n \n \n n.d.\n \n \n n.d.\n \n \n 64%\n \n \n 79%\n \n \n 81%\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 64%\n \n \n 65%\n \n \n 79%\n \n \n 80%\n \n \n 81%\n \n \n Open controversies\n \n \n n.d.\n \n \n n.d.\n \n \n 1\n \n \n 0\n \n \n 0\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 1\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n ACCIONA\n \n \n 14\n \n ACCIONA Energía\n \n Q1 2025\n \n \n Financial and operating data\n \n \n Table of contents\n \n \n Page\n \n \n Operating Data - Summary\n \n \n 1\n \n \n ESG Data - Summary\n \n \n 1\n \n \n Average total achieved price - Spain (€/MWh)\n \n \n 2\n \n \n Average total achieved price - International (€/MWh)\n \n \n 2\n \n \n Wind Average prices (€/MWh)\n \n \n 2\n \n \n Other technologies Average prices (€/MWh)\n \n \n 3\n \n \n Wind Load Factors (%)\n \n \n 3\n \n \n Other tecnologies Load Factors (%)\n \n \n 3\n \n \n Total Installed capacity (MW)\n \n \n 4\n \n \n Consolidated Installed capacity (MW)\n \n \n 5\n \n \n Net Installed capacity (MW)\n \n \n 6\n \n \n Total Production (GWh)\n \n \n 7\n \n \n Consolidated Production (GWh)\n \n \n 8\n \n \n Net Production (GWh)\n \n \n 9\n \n \n P&L\n \n \n 10\n \n \n P&L - Key Figures\n \n \n 11\n \n \n P&L Breakdown\n \n \n 11\n \n \n Contact information: Investor Relations Department\n \n \n Spain P&L\n \n \n 13\n \n \n International P&L\n \n \n 14\n \n \n Avenida de la Gran Vía de Hortaleza, 3\n \n \n Balance Sheet\n \n \n 15\n \n \n 28033 Madrid, Spain\n \n \n Cashflow\n \n \n 16\n \n \n Net Financial Debt\n \n \n 17\n \n \n Mail: [email protected]\n \n \n Financial Debt Details\n \n \n 17\n \n \n Capex\n \n \n 18\n \n \n Tel: +34 91 663 22 88\n \n \n Revenue drivers - Spain\n \n \n 19\n \n \n Revenue drivers - International\n \n \n 21\n \n \n Equity Accounted Capacity - Financial and operating data of the equity accounted portfolio (100% share)\n \n \n 25\n \n \n ESG Data\n \n \n 27\n \n Operating Data\n \n ACCIONA Energía - Operating Data Summary & ESG Summary\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2019\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q1 2023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Operating Data - Summary\n \n \n Total capacity (MW)\n \n \n 10,117\n \n \n 10,694\n \n \n 11,245\n \n \n 11,826\n \n \n 13,523\n \n \n 15,354\n \n \n 10,240\n \n \n 10,407\n \n \n 10,506\n \n \n 10,694\n \n \n 11,013\n \n \n 11,188\n \n \n 11,203\n \n \n 11,245\n \n \n 11,263\n \n \n 11,212\n \n \n 11,431\n \n \n 11,826\n \n \n 11,942\n \n \n 12,267\n \n \n 12,948\n \n \n 13,523\n \n \n 13,717\n \n \n 13,944\n \n \n 14,333\n \n \n 15,354\n \n \n 15,045\n \n \n Consolidated capacity (MW)\n \n \n 8,053\n \n \n 8,631\n \n \n 9,169\n \n \n 9,884\n \n \n 12,131\n \n \n 13,628\n \n \n 8,177\n \n \n 8,344\n \n \n 8,443\n \n \n 8,631\n \n \n 8,950\n \n \n 9,125\n \n \n 9,139\n \n \n 9,169\n \n \n 9,187\n \n \n 9,328\n \n \n 9,463\n \n \n 9,884\n \n \n 10,012\n \n \n 10,829\n \n \n 11,556\n \n \n 12,131\n \n \n 12,325\n \n \n 12,329\n \n \n 12,757\n \n \n 13,628\n \n \n 13,321\n \n \n Total production (GWh)\n \n \n 22,991\n \n \n 24,075\n \n \n 24,541\n \n \n 23,910\n \n \n 24,894\n \n \n 26,708\n \n \n 6,562\n \n \n 12,104\n \n \n 17,301\n \n \n 24,075\n \n \n 6,948\n \n \n 12,557\n \n \n 17,852\n \n \n 24,541\n \n \n 6,509\n \n \n 12,476\n \n \n 17,701\n \n \n 23,910\n \n \n 6,889\n \n \n 12,482\n \n \n 18,029\n \n \n 24,894\n \n \n 7,028\n \n \n 13,441\n \n \n 19,757\n \n \n 26,708\n \n \n 7,408\n \n \n Consolidated production (GWh)\n \n \n 18,712\n \n \n 19,451\n \n \n 20,093\n \n \n 19,657\n \n \n 21,433\n \n \n 23,821\n \n \n 5,336\n \n \n 9,821\n \n \n 13,974\n \n \n 19,451\n \n \n 5,649\n \n \n 10,227\n \n \n 14,594\n \n \n 20,093\n \n \n 5,365\n \n \n 10,247\n \n \n 14,530\n \n \n 19,657\n \n \n 5,724\n \n \n 10,476\n \n \n 15,357\n \n \n 21,433\n \n \n 6,262\n \n \n 11,945\n \n \n 17,585\n \n \n 23,821\n \n \n 6,592\n \n \n Supply volumes Spain & Portugal (GWh)\n \n \n 6,982\n \n \n 6,263\n \n \n 7,254\n \n \n 9,144\n \n \n 10,551\n \n \n 9,893\n \n \n 1,636\n \n \n 2,988\n \n \n 4,646\n \n \n 6,263\n \n \n 1,771\n \n \n 3,540\n \n \n 5,394\n \n \n 7,254\n \n \n 1,910\n \n \n 3,842\n \n \n 6,661\n \n \n 9,144\n \n \n 2,608\n \n \n 5,219\n \n \n 7,963\n \n \n 10,551\n \n \n 2,416\n \n \n 5,444\n \n \n 8,120\n \n \n 9,893\n \n \n 2,364\n \n \n Average Load Factor (%)\n \n \n 29.3%\n \n \n 28.5%\n \n \n 27.6%\n \n \n 27.0%\n \n \n 26.5%\n \n \n 26.4%\n \n \n 32.6%\n \n \n 29.8%\n \n \n 27.9%\n \n \n 28.5%\n \n \n 32.6%\n \n \n 28.5%\n \n \n 27.1%\n \n \n 27.6%\n \n \n 30.6%\n \n \n 28.1%\n \n \n 26.9%\n \n \n 27.0%\n \n \n 31.3%\n \n \n 27.2%\n \n \n 26.1%\n \n \n 26.5%\n \n \n 29.5%\n \n \n 26.8%\n \n \n 25.9%\n \n \n 26.4%\n \n \n 30.2%\n \n \n Production contracted (%)\n \n \n 80.0%\n \n \n 80.8%\n \n \n 87.6%\n \n \n 78.4%\n \n \n 73.5%\n \n \n 72.7%\n \n \n 78.8%\n \n \n 75.8%\n \n \n 76.7%\n \n \n 80.8%\n \n \n 84.2%\n \n \n 84.5%\n \n \n 84.0%\n \n \n 87.6%\n \n \n 74.8%\n \n \n 76.4%\n \n \n 80.1%\n \n \n 78.4%\n \n \n 74.2%\n \n \n 76.5%\n \n \n 77.4%\n \n \n 73.5%\n \n \n 71.4%\n \n \n 71.1%\n \n \n 74.1%\n \n \n 72.7%\n \n \n 69.8%\n \n \n Average residual contracted life (years) (1)\n \n \n 9\n \n \n 8\n \n \n 8\n \n \n 7\n \n \n 6\n \n \n 7\n \n \n n.a.\n \n \n n.a.\n \n \n n.a.\n \n \n 8\n \n \n n.a.\n \n \n n.a.\n \n \n n.a.\n \n \n 8\n \n \n n.a.\n \n \n 7\n \n \n n.a.\n \n \n 7\n \n \n n.a.\n \n \n 7\n \n \n n.a.\n \n \n 6\n \n \n n.a\n \n \n 6\n \n \n n.a.\n \n \n 7\n \n \n n.a\n \n \n Average age of assets - ex-hydro (years)\n \n \n n.d.\n \n \n 11\n \n \n 12\n \n \n 12\n \n \n 11\n \n \n 10\n \n \n n.a.\n \n \n n.a.\n \n \n n.a.\n \n \n 11\n \n \n n.a.\n \n \n n.a.\n \n \n n.a.\n \n \n 12\n \n \n n.a.\n \n \n 12\n \n \n n.a.\n \n \n 12\n \n \n n.a.\n \n \n 12\n \n \n n.a.\n \n \n 11\n \n \n n.a\n \n \n 11\n \n \n n.a.\n \n \n 10\n \n \n n.a\n \n \n Average price (€/MWh)\n \n \n 69.9\n \n \n 63.3\n \n \n 75.5\n \n \n 114.0\n \n \n 86.4\n \n \n 68.7\n \n \n 63.8\n \n \n 61.4\n \n \n 62.4\n \n \n 63.3\n \n \n 72.5\n \n \n 68.3\n \n \n 68.1\n \n \n 75.5\n \n \n 115.4\n \n \n 116.2\n \n \n 111.5\n \n \n 114.0\n \n \n 81.4\n \n \n 86.2\n \n \n 87.6\n \n \n 86.4\n \n \n 57.5\n \n \n 62.7\n \n \n 66.0\n \n \n 68.7\n \n \n 72.0\n \n \n EBITDA Generation margin (%)\n \n \n 60.5%\n \n \n 68.6%\n \n \n 73.5%\n \n \n 76.2%\n \n \n 70.2%\n \n \n 63.4%\n \n \n 73.9%\n \n \n 69.9%\n \n \n 68.2%\n \n \n 68.6%\n \n \n 74.2%\n \n \n 71.7%\n \n \n n.a.\n \n \n 73.5%\n \n \n n.a.\n \n \n 77.4%\n \n \n n.a.\n \n \n 76.2%\n \n \n n.a.\n \n \n 77.3%\n \n \n n.a.\n \n \n 70.2%\n \n \n n.a\n \n \n 56.1%\n \n \n n.a.\n \n \n 63.4%\n \n \n n.a\n \n \n Availability (%)\n \n \n 96.6%\n \n \n 96.9%\n \n \n 96.5%\n \n \n 94.1%\n \n \n 95.7%\n \n \n 96.3%\n \n \n 97.2%\n \n \n 97.2%\n \n \n 93.6%\n \n \n 96.9%\n \n \n 96.2%\n \n \n 96.6%\n \n \n 96.6%\n \n \n 96.5%\n \n \n 96.2%\n \n \n 94.8%\n \n \n 94.0%\n \n \n 94.1%\n \n \n 96.0%\n \n \n 95.8%\n \n \n 95.7%\n \n \n 95.7%\n \n \n 96.9%\n \n \n 96.5%\n \n \n 96.4%\n \n \n 96.3%\n \n \n 95.5%\n \n \n Average workforce - FTE\n \n \n 1,629\n \n \n 1,543\n \n \n 1,762\n \n \n 2,354\n \n \n 3,099\n \n \n 3,224\n \n \n 1,580\n \n \n 1,552\n \n \n 1,556\n \n \n 1,543\n \n \n 1,535\n \n \n 1,557\n \n \n 1,626\n \n \n 1,762\n \n \n 2,047\n \n \n 2,098\n \n \n 2,171\n \n \n 2,354\n \n \n 2,956\n \n \n 2,974\n \n \n 3,062\n \n \n 3,099\n \n \n 3,201\n \n \n 3,205\n \n \n 3,202\n \n \n 3,224\n \n \n 3,163\n \n \n ESG Data - Summary\n \n \n Executive and manager women (%)\n \n \n 21.0%\n \n \n 20.9%\n \n \n 23.2%\n \n \n 26.0%\n \n \n 27.4%\n \n \n 27.2%\n \n \n n.d.\n \n \n 21.3%\n \n \n n.d.\n \n \n 20.9%\n \n \n n.d.\n \n \n 23.2%\n \n \n n.d.\n \n \n 23.2%\n \n \n n.d.\n \n \n 25.4%\n \n \n n.d.\n \n \n 26%\n \n \n n.d.\n \n \n 27%\n \n \n n.d.\n \n \n 27%\n \n \n n.d.\n \n \n 27%\n \n \n n.d.\n \n \n 27%\n \n \n n.d.\n \n \n CAPEX aligned with the low-carbon taxonomy (%)\n \n \n 100%\n \n \n 100%\n \n \n 100%\n \n \n 100%\n \n \n 100%\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100% \n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n 100%\n \n \n n.d.\n \n \n Avoided emissions (CO₂ million ton)\n \n \n 13.1\n \n \n 13.2\n \n \n 13.4\n \n \n 13.2\n \n \n 13.6\n \n \n 14.4\n \n \n n.d.\n \n \n 6.9\n \n \n n.d.\n \n \n 13.2\n \n \n n.d.\n \n \n 6.8\n \n \n n.d.\n \n \n 13.4\n \n \n n.d.\n \n \n 6.8\n \n \n n.d.\n \n \n 13.2\n \n \n n.d.\n \n \n 6.9\n \n \n n.d.\n \n \n 13.6\n \n \n n.d.\n \n \n 7.2\n \n \n n.d.\n \n \n 14.4\n \n \n n.d.\n \n \n Generated scope 1+2 emissions (CO₂ thousand ton)\n \n \n 33.1\n \n \n 28.0\n \n \n 16.6\n \n \n 10.1\n \n \n 11.8\n \n \n 12.8\n \n \n n.d.\n \n \n 13.6\n \n \n n.d.\n \n \n 28.0\n \n \n n.d.\n \n \n 11.1\n \n \n n.d.\n \n \n 16.6\n \n \n n.d.\n \n \n 9.9\n \n \n n.d.\n \n \n 10.1\n \n \n n.d.\n \n \n 12,381.0\n \n \n n.d.\n \n \n 11.8\n \n \n n.d.\n \n \n 18,045\n \n \n n.d.\n \n \n 13\n \n \n n.d.\n \n \n Water consumed (hm³)\n \n \n 1.01\n \n \n 0.95\n \n \n 1.44\n \n \n 1.10\n \n \n 1.08\n \n \n 1.34\n \n \n n.d.\n \n \n 0.43\n \n \n n.d.\n \n \n 0.95\n \n \n n.d.\n \n \n 0.45\n \n \n n.d.\n \n \n 1.44\n \n \n n.d.\n \n \n 0.71\n \n \n n.d.\n \n \n 1.10\n \n \n n.d.\n \n \n 0.66\n \n \n n.d.\n \n \n 1.08\n \n \n n.d.\n \n \n 0.49\n \n \n n.d.\n \n \n 1.34\n \n \n n.d.\n \n \n Sustainable financing (%)\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 64%\n \n \n 98%\n \n \n 98%\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n n.d.\n \n \n 64%\n \n \n n.d.\n \n \n 86%\n \n \n n.d.\n \n \n 98%\n \n \n n.d.\n \n \n 92%\n \n \n n.d.\n \n \n 98%\n \n \n n.d.\n \n \n (1) Average residual contracted life excludes short term hedges in Spanish market\n \n \n ACCIONA ENERGÍA\n \n \n 1\n \n \n ACCIONA Energía - Average Prices\n \n \n Year-end data\n \n \n Quarterly data\n \n \n FY 2019\n \n \n FY 2020\n \n \n FY 2021\n \n \n FY 2022\n \n \n FY 2023\n \n \n FY 2024\n \n \n Q1 2020\n \n \n H1 2020\n \n \n 9M 2020\n \n \n FY 2020\n \n \n Q1 2021\n \n \n H1 2021\n \n \n 9M 2021\n \n \n FY 2021\n \n \n Q1 2022\n \n \n H1 2022\n \n \n 9M 2022\n \n \n FY 2022\n \n \n Q1 2023\n \n \n H1 2023\n \n \n 9M 2023\n \n \n FY 2023\n \n \n Q1 2024\n \n \n H1 2024\n \n \n 9M 2024\n \n \n FY 2024\n \n \n Q1 2025\n \n \n Average total achieved price - Spain (€/MWh)\n \n \n Achieved market price\n \n \n 46.4\n \n \n 33.3\n \n \n 103.5\n \n \n 166.9\n \n \n 84.4\n \n \n 61.9\n \n \n 33.3\n \n \n 28.4\n \n \n 31.0\n \n \n 33.3\n \n \n 42.0\n \n \n 53.2\n \n \n 69.1\n \n \n 103.5\n \n \n 226.1\n \n \n 204.3\n \n \n 189.6\n \n \n 166.9\n \n \n 91.2\n \n \n 88.1\n \n \n 90.9\n \n \n 84.4\n \n \n 43.6\n \n \n 41.9\n \n \n 52.7\n \n \n 61.9\n \n \n 84.7\n \n \n Gas Clawback\n \n \n -\n \n \n -\n \n \n (0.6)\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n (0.6)\n \n \n 0.0\n \n \n (0.1)\n \n \n (0.1)\n \n \n -\n \n \n (4.2)\n \n \n (3.8)\n \n \n (3.7)\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n -\n \n \n Hedging\n \n \n 2.1\n \n \n 3.5\n \n \n (27.0)\n \n \n (17.8)\n \n \n 20.9\n \n \n 9.5\n \n \n 3.5\n \n \n 4.6\n \n \n 3.9\n \n \n 3.5\n \n \n (0.3)\n \n \n (5.5)\n \n \n (13.3)\n \n \n (27.0)\n \n \n (44.6)\n \n \n (35.3)\n \n \n (28.6)\n \n \n (17.8)\n \n \n 20.0\n \n \n 24.0\n \n \n 21.3\n \n \n 20.9\n \n \n 19.9\n \n \n 22.2\n \n \n 15.7\n \n \n 9.5\n \n \n (11.5)\n \n \n Achieved market price with hedging\n \n \n 48.5\n \n \n 36.8\n \n \n 75.8\n \n \n 149.1\n \n \n 105.4\n \n \n 71.3\n \n \n 36.8\n \n \n 32.9\n \n \n 34.9\n \n \n 36.8\n \n \n 41.7\n \n \n 47.7\n \n \n 55.8\n \n \n 75.8\n \n \n 181.6\n \n \n 168.9\n \n \n 161.0\n \n \n 149.1\n \n \n 106.9\n \n \n 108.3\n \n \n 108.5\n \n \n 105.4\n \n \n 63.5\n \n \n 64.1\n \n \n 68.4\n \n \n 71.3\n \n \n 73.2\n \n \n Regulatory income\n \n \n 24.7\n \n \n 19.8\n \n \n 20.8\n \n \n 8.3\n \n \n 1.1\n \n \n 2.7\n \n \n 18.5\n \n \n 19.2\n \n \n 20.5\n \n \n 19.8\n \n \n 16.3\n \n \n 18.8\n \n \n 21.0\n \n \n 20.8\n \n \n 6.3\n \n \n 7.7\n \n \n 8.5\n \n \n 8.3\n \n \n 0.2\n \n \n 1.4\n \n \n 1.3\n \n \n 1.1\n \n \n 0.6\n \n \n 2.6\n \n \n 3.0\n \n \n 2.7\n \n \n 2.6\n \n \n Banding\n \n \n -\n \n \n 8.1\n \n \n (13.0)\n \n \n 10.2\n \n \n 2.5\n \n \n 2.9\n \n \n 9.5\n \n \n 8.1\n \n \n 7.4\n \n \n 8.1\n \n \n -\n \n \n (5.1)\n \n \n (11.1)\n \n \n (13.0)\n \n \n (18.5)\n \n \n (7.3)\n \n \n (7.5)\n \n \n 10.2\n \n \n (3.6)\n \n \n 2.5\n \n \n 2.3\n \n \n 2.5\n \n \n (8.1)\n \n \n (2.3)\n \n \n 1.1\n \n \n 2.9\n \n \n 12.3\n \n \n Average total price\n \n \n 73.2\n \n \n 64.8\n \n \n 83.6\n \n \n 167.6\n \n \n 108.9\n \n \n 76.9\n \n \n 64.8\n \n \n 60.2\n \n \n 62.8\n \n \n 64.8\n \n \n 57.9\n \n \n 61.4\n \n \n 65.7\n \n \n 83.6\n \n \n 169.4\n \n \n 169.4\n \n \n 161.9\n \n \n 167.6\n \n \n 103.5\n \n \n 112.2\n \n \n 112.1\n \n \n 108.9\n \n \n 56.0\n \n \n 64.4\n \n \n 72.5\n \n \n 76.9\n \n \n 88.1\n \n \n Average total achieved price - International (€/MWh)\n \n \n USA & Canada (1)\n \n \n 36.7\n \n \n 33.2\n \n \n 77.1\n \n \n 48.8\n \n \n 53.6\n \n \n 41.6\n \n \n 26.0\n \n \n 31.5\n \n \n 34.3\n \n \n 33.2\n \n \n 183.2\n \n \n 107.1\n \n \n 89.0\n \n \n 77.1\n \n \n 39.3\n \n \n 43.4\n \n \n 49.2\n \n \n 48.8\n \n \n 27.5\n \n \n 38.5\n \n \n 56.3\n \n \n 53.6\n \n \n 33.8\n \n \n 38.7\n \n \n 41.1\n \n \n 41.6\n \n \n 35.6\n \n \n Mexico\n \n \n 63.6\n \n \n 63.0\n \n \n 56.8\n \n \n 73.1\n \n \n 83.6\n \n \n 78.0\n \n \n 67.4\n \n \n 67.0\n \n \n 63.6\n \n \n 63.0\n \n \n 59.1\n \n \n 76.5\n \n \n 55.2\n \n \n 56.8\n \n \n 72.6\n \n \n 70.4\n \n \n 72.7\n \n \n 73.1\n \n \n 78.0\n \n \n 85.2\n \n \n 81.5\n \n \n 83.6\n \n \n 73.3\n \n \n 80.4\n \n \n 78.8\n \n \n 78.0\n \n \n 84.5\n \n \n Chile\n \n \n 72.1\n \n \n 58.4\n \n \n 49.2\n \n \n 25.0\n \n \n 29.9\n \n \n 61.0\n \n \n 60.7\n \n \n 65.1\n \n \n 63.6\n \n \n 58.4\n \n \n 55.1\n \n \n 54.8\n \n \n 55.8\n \n \n 49.2\n \n \n 40.8\n \n \n 34.5\n \n \n 27.3\n \n \n 25.0\n \n \n 32.9\n \n \n 29.9\n \n \n 33.4\n \n \n 29.9\n \n \n 31.7\n \n \n 53.2\n \n \n 56.4\n \n \n 61.0\n \n \n 56.6\n \n \n Other Americas\n \n \n 68.1\n \n \n 68.1\n \n \n 69.5\n \n \n 76.0\n \n \n 73.8\n \n \n 49.6\n \n \n 84.8\n \n \n 80.4\n \n \n 58.7\n \n \n 68.1\n \n \n 81.6\n \n \n 79.1\n \n \n 58.7\n \n \n 69.5\n \n \n 84.7\n \n \n 84.0\n \n \n 80.8\n \n \n 76.0\n \n \n 89.3\n \n \n 85.7\n \n \n 82.0\n \n \n 73.8\n \n \n 64.4\n \n \n 57.3\n \n \n 51.9\n \n \n 49.6\n \n \n 69.6\n \n \n Americas\n \n \n 55.7\n \n \n 53.2\n \n \n 60.7\n \n \n 53.5\n \n \n 60.5\n \n \n 56.5\n \n \n 55.1\n \n \n 55.5\n \n \n 65.0\n \n \n 53.2\n \n \n 89.9\n \n \n 71.6\n \n \n 57.4\n \n \n 60.7\n \n \n 56.9\n \n \n 54.3\n \n \n 54.4\n \n \n 53.5\n \n \n 52.4\n \n \n 55.7\n \n \n 61.7\n \n \n 60.5\n \n \n 49.2\n \n \n 55.0\n \n \n 55.3\n \n \n 56.5\n \n \n 56.3\n \n \n Australia\n \n \n 66.4\n \n \n 57.9\n \n \n 52.7\n \n \n 72.9\n \n \n 45.7\n \n \n 47.4\n \n \n 60.2\n \n \n 59.3\n \n \n 58.7\n \n \n 57.9\n \n \n 58.6\n \n \n 60.1\n \n \n 56.7\n \n \n 52.7\n \n \n 49.8\n \n \n 83.0\n \n \n 77.7\n \n \n 72.9\n \n \n 53.8\n \n \n 46.7\n \n \n 48.5\n \n \n 45.7\n \n \n 66.7\n \n \n 53.4\n \n \n 50.1\n \n \n 47.4\n \n \n 42.7\n \n \n Rest of Europe\n \n \n 110.0\n \n \n 104.6\n \n \n 132.3\n \n \n 147.0\n \n \n 123.0\n \n \n 104.4\n \n \n 101.4\n \n \n 101.1\n \n \n 105.6\n \n \n 104.6\n \n \n 112.6\n \n \n 114.3\n \n \n 117.1\n \n \n 132.3\n \n \n 147.6\n \n \n 138.6\n \n \n 150.8\n \n \n 147.0\n \n \n 120.3\n \n \n 112.9\n \n \n 120.8\n \n \n 123.0\n \n \n 110.1\n \n \n 101.2\n \n \n 99.0\n \n \n 104.4\n \n \n 109.4\n \n \n Rest of the World\n \n \n 87.5\n \n \n 79.3\n \n \n 84.7\n \n \n 88.9\n \n \n 82.0\n \n \n 87.3\n \n \n 88.5\n \n \n 81.7\n \n \n 64.0\n \n \n 79.3\n \n \n 86.9\n \n \n 83.9\n \n \n 72.2\n \n \n 84.7\n \n \n 92.8\n \n \n 89.5\n \n \n 86.3\n \n \n 88.9\n \n \n 88.0\n \n \n 83.3\n \n \n 79.1\n \n \n 82.0\n \n \n 91.1\n \n \n 86.8\n \n \n 82.2\n \n \n 87.3\n \n \n 96.4\n \n \n Total - Generation\n \n \n 66.1\n \n \n 60.8\n \n \n 68.1\n \n \n 66.0\n \n \n 66.1\n \n \n 61.6\n \n \n 62.8\n \n \n 62.7\n \n \n 62.1\n \n \n 60.8\n \n \n 88.7\n \n \n 75.5\n \n \n 70.4\n \n \n 68.1\n \n \n 67.6\n \n \n 67.2\n \n \n 67.8\n \n \n 66.0\n \n \n 61.0\n \n \n 61.9\n \n \n 66.7\n \n \n 66.1\n \n \n 59.1\n \n \n 61.1\n \n \n 60.3\n \n \n 61.6\n \n \n 60.5\n \n \n (1) Since Q1 2024 the average total achieved price of USA & Canada is reported together, as the latter will no longer be reported within \"Other Americas\"\n \n \n Wind Average prices (€/MWh)\n \n \n Spain Average\n \n \n 71.8\n \n \n 67.5\n \n \n 89.1\n \n \n 147.6\n \n \n 103.6\n \n \n 78.6\n \n \n 66.8\n \n \n 64.5\n \n \n 66.3\n \n \n 67.5\n \n \n 55.5\n \n \n 59.7\n \n \n 65.3\n \n \n 89.1\n \n \n 168.9\n \n \n 169.2\n \n \n 158.8\n \n \n 147.6\n \n \n 109.6\n \n \n 106.6\n \n \n 106.1\n \n \n 103.6\n \n \n 72.1\n \n \n 71.8\n \n \n 77.1\n \n \n 78.6\n \n \n 72.8\n \n \n Spain - Regulated\n \n \n 82.7\n \n \n 82.3\n \n \n 115.5\n \n \n 174.6\n \n \n 89.7\n \n \n 114.8\n \n \n 82.0\n \n \n 79.3\n \n \n 81.8\n \n \n 82.3\n \n \n 64.2\n \n \n 70.7\n \n \n 78.8\n \n \n 115.5\n \n \n 195.1\n \n \n 208.6\n \n \n 196.1\n \n \n 174.6\n \n \n 188.1\n \n \n 96.4\n \n \n 92.8\n \n \n 89.7\n \n \n 96.1\n \n \n 97.2\n \n \n 109.6\n \n \n 114.8\n \n \n 98.2\n \n \n Spain - Not regulated\n \n \n 50.5\n \n \n 40.5\n \n \n 41.8\n \n \n 131.4\n \n \n 107.5\n \n \n 68.6\n \n \n 41.1\n \n \n 37.6\n \n \n 38.6\n \n \n 40.5\n \n \n 38.9\n \n \n 39.1\n \n \n 40.6\n \n \n 41.8\n \n \n 150.3\n \n \n 140.4\n \n \n 136.0\n \n \n 131.4\n \n \n 107.2\n \n \n 111.8\n \n \n 112.9\n \n \n 107.5\n \n \n 64.7\n \n \n 64.5\n \n \n 68.3\n \n \n 68.6\n \n \n 65.3\n \n \n Canada\n \n \n 56.8\n \n \n 54.8\n \n \n 57.7\n \n \n 67.4\n \n \n 62.7\n \n \n 56.6\n \n \n 58.3\n \n \n 55.7\n \n \n 55.5\n \n \n 54.8\n \n \n 55.9\n \n \n 56.5\n \n \n 57.0\n \n \n 57.7\n \n \n 62.1\n \n \n 65.8\n \n \n 67.4\n \n \n 67.4\n \n \n 64.7\n \n \n 63.6\n \n \n 65.4\n \n \n 62.7\n \n \n 59.5\n \n \n 57.7\n \n \n 56.7\n \n \n 56.6\n \n \n 43.1\n \n \n USA\n \n \n 28.4\n \n \n 25.2\n \n \n 65.5\n \n \n 37.0\n \n \n 31.9\n \n \n 29.0\n \n \n 21.1\n \n \n 23.5\n \n \n 24.9\n \n \n 25.2\n \n \n 168.7\n \n \n 94.3\n \n \n 77.1\n \n \n 65.5\n \n \n 31.0\n \n \n 33.0\n \n \n 38.8\n \n \n 37.0\n \n \n 21.1\n \n \n 26.8\n \n \n 32.2\n \n \n 31.9\n \n \n 24.1\n \n \n 25.9\n \n \n 28.0\n \n \n 29.0\n \n \n 29.4\n \n \n India\n \n \n 53.4\n \n \n 49.6\n \n \n 48.1\n \n \n 50.8\n \n \n 47.2\n \n \n 46.6\n \n \n 52.1\n \n \n 51.5\n \n \n 50.5\n \n \n 49.6\n \n \n 46.6\n \n \n 47.4\n \n \n 47.7\n \n \n 48.1\n \n \n 49.6\n \n \n 50.6\n \n \n 51.2\n \n \n 50.8\n \n \n 46.9\n \n \n 47.6\n \n \n 47.5\n \n \n 47.2\n \n \n 46.6\n \n \n 46.8\n \n \n 46.5\n \n \n 46.6\n \n \n 45.7\n \n \n Mexico\n \n \n 63.5\n \n \n 61.9\n \n \n 56.8\n \n \n 72.5\n \n \n 76.2\n \n \n 77.7\n \n \n 65.1\n \n \n 65.5\n \n \n 62.8\n \n \n 61.9\n \n \n 58.0\n \n \n 54.4\n \n \n 53.7\n \n \n 56.8\n \n \n 72.0\n \n \n 68.7\n \n \n 71.9\n \n \n 72.5\n \n \n 69.2\n \n \n 69.7\n \n \n 70.5\n \n \n 76.2\n \n \n 69.5\n \n \n 67.8\n \n \n 71.0\n \n \n 77.7\n \n \n 78.3\n \n \n Costa Rica\n \n \n 74.6\n \n \n 78.3\n \n \n 74.4\n \n \n 86.0\n \n \n 84.0\n \n \n 87.6\n \n \n 112.1\n \n \n 105.4\n \n \n 89.5\n \n \n 78.3\n \n \n 102.8\n \n \n 98.4\n \n \n 85.1\n \n \n 74.4\n \n \n 112.2\n \n \n 110.6\n \n \n 99.0\n \n \n 86.0\n \n \n 119.5\n \n \n 112.6\n \n \n 93.1\n \n \n 84.0\n \n \n 119.5\n \n \n 116.9\n \n \n 99.4\n \n \n 87.6\n \n \n 123.8\n \n \n Australia\n \n \n 66.4\n \n \n 57.8\n \n \n 52.6\n \n \n 72.9\n \n \n 44.4\n \n \n 47.8\n \n \n 59.9\n \n \n 59.1\n \n \n 58.6\n \n \n 57.8\n \n \n 58.6\n \n \n 60.1\n \n \n 56.7\n \n \n 52.6\n \n \n 49.8\n \n \n 83.0\n \n \n 77.7\n \n \n 72.9\n \n \n 47.5\n \n \n 46.5\n \n \n 46.8\n \n \n 44.4\n \n \n 65.6\n \n \n 52.4\n \n \n 53.0\n \n \n 47.8\n \n \n 41.6\n \n \n Poland\n \n \n 91.9\n \n \n 86.8\n \n \n 100.8\n \n \n 105.5\n \n \n 86.6\n \n \n 103.2\n \n \n 74.5\n \n \n 72.3\n \n \n 86.1\n \n \n 86.8\n \n \n 86.2\n \n \n 90.1\n \n \n 91.2\n \n \n 100.8\n \n \n 104.3\n \n \n 102.5\n \n \n 106.7\n \n \n 105.5\n \n \n 98.1\n \n \n 86.0\n \n \n 84.6\n \n \n 86.6\n \n \n 114.6\n \n \n 105.9\n \n \n 105.6\n \n \n 103.2\n \n \n 78.5\n \n \n Croatia\n \n \n 109.0\n \n \n 108.2\n \n \n 108.4\n \n \n 111.0\n \n \n 123.0\n \n \n 132.9\n \n \n 108.8\n \n \n 108.3\n \n \n 108.3\n \n \n 108.2\n \n \n 107.8\n \n \n 108.1\n \n \n 108.3\n \n \n 108.4\n \n \n 110.9\n \n \n 110.9\n \n \n 111.1\n \n \n 111.0\n \n \n 123.0\n \n \n 123.0\n \n \n 123.0\n \n \n 123.0\n \n \n 132.9\n \n \n 132.9\n \n \n 132.9\n \n \n 132.9\n \n \n 129.3\n \n \n Portugal\n \n \n 102.3\n \n \n 95.5\n \n \n 85.2\n \n \n 99.1\n \n \n 103.4\n \n \n 78.7\n \n \n 108.0\n \n \n 102.8\n \n \n 99.4\n \n \n 95.5\n \n \n 87.7\n \n \n 87.6\n \n \n 86.1\n \n \n 85.2\n \n \n 93.4\n \n \n 95.7\n \n \n 98.2\n \n \n 99.1\n \n \n 102.8\n \n \n 104.0\n \n \n 105.4\n \n \n 103.4\n \n \n 86....

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