Arteche achieves a net profit of €45.3 million in 2025, up 93.4% on 2024

• Orders grow by 16% to €590.1 million, with a 26.2% increase in the Network Reliability business.
• The direct margin grows to €191.3 million, up 18.6%, driven once again by improved internal efficiencies, growth in sales volumes, and the product mix.
• EBITDA increased by 43.6% to €80.5 million, raising the margin to 15.8% of sales.
• Net financial debt was reduced to 0.3 times EBITDA compared to 0.5 times at December 31, 2024, including inorganic transactions.
• The Board of Directors will propose to the General Shareholders' Meeting a dividend of €22.6 million for the 2025 financial year, equivalent to the distribution of 50% of net income.

Arteche, a global leader in equipment, components, and solutions for the energy sector, has presented its financial results for the 2025 fiscal year, showing solid growth in its main financial figures. The targets set out in the 2024-2026 Strategic Plan “Energizing Futures Together” have been met and, in some cases, exceeded, and the company has therefore updated its financial guidance for the current year.

Financial figures for fiscal year 2025

Arteche achieved a net profit of €45.3 million, almost double that of the previous year: an increase of 93.4% compared to fiscal year 2024. Sales reached €508.4 million, an increase of 15.3% over the previous year. Sales are thus once again showing double-digit growth, backed by the positive performance of all businesses and regions.

Orders reached €590.1 million, 16% more than in 2024, also confirming double-digit growth. Noteworthy here is the Network Reliability business, with growth of 26.2%, as well as orders in the Asia-Pacific (APAC) region, with 25.5%, in line with the geographical and business objectives set out in the Strategic Plan.

Meanwhile, the direct margin in absolute terms reached €191.3 million, up 18.6%, driven once again by growth in sales volumes, the product mix and, above all, improved internal efficiencies.

EBITDA increased by 43.6% to €80.5 million. This figure represents 15.8% of sales, meeting and exceeding the target set in the Strategic Plan.

On the other hand, net financial debt as of December 31, 2025, stood at €22.7 million, reducing the leverage ratio to 0.3 times EBITDA for the last 12 months, compared to 0.5 times as of December 31, 2024. Arteche thus maintains a strong balance sheet position following the inorganic growth operations carried out this year.

With regard to the shareholder remuneration commitment, the Board of Directors will propose to the General Shareholders' Meeting a dividend of €22.6 million for the 2025 financial year, equivalent to the distribution of 50% of the company's net profit for that year. It should be noted that during the first half of the year, the company distributed a dividend of €9.4 million against the results for the 2024 financial year, amounting to €0.166 per share and also equivalent to the distribution of 50% of net income. In this way, the company continues to fulfill the commitment made in the Strategic Plan.

In addition, earnings per share at the end of 2025 rose to €0.79, an increase of 93.7% compared to 2024. It is also worth noting the strong 201% revaluation of the share price during 2025, marking a milestone in the company's stock market history.

All geographies and businesses contribute to sales growth

During the 2025 financial year, all geographies contributed positively to sales growth, with the Europe, Middle East, and Africa (EMEA) region standing out with growth of 25.7% and the Asia-Pacific (APAC) region with 19%. Similarly, all business lines also contributed to growth, with the Metering and Monitoring business standing out with 17.1% and Network Reliability with 16.5% more than in 2024.

By business, in Measurement and Monitoring:

• Orders in this business line reflect an increase of 16.5%, with resources invested in new capacities in Mexico, China, and Spain.
• Arteche has made a significant effort in terms of innovation in this business, placing itself at the forefront of sustainable insulation and thus anticipating European directives on high and medium voltage. Highlights include the launch of the new ECO-5 600kV DC and ECO-3 245 kV DC optical transformers, as well as UGP 145 auxiliary services with sustainable air insulation, and the complete range of 24kV medium voltage insulation without SF6.
• Arteche has opened a new high-voltage impulse laboratory in Mexico, equipping itself with state-of-the-art infrastructure and technology to serve customers in the United States, Mexico, and Canada under the highest international standards.

In the transmission and distribution network automation business:

• Orders have grown by 8.1% compared to the same period last year, and 520,000 auxiliary relay units have been manufactured.
• Arteche has consolidated its industrial activities in Mexico by expanding capacity at the Tepeji Parks plant, where it has consolidated Substation Automation Systems (SAS), power quality, and medium voltage, thereby achieving greater efficiency and service.
• Arteche has created Arin Technologies, owned by Elewit (Redeia), which represents a strategic step towards growth in the market for the automation and digitalization of electrical networks.

Finally, in the Network Reliability business:

• In line with the Strategic Plan, orders in Network Reliability grew by 26.2%, supported by the strategic markets of the USA, Australia, and Spain.
• In line with this growth and the planned inorganic growth strategy, Arteche has acquired 100% of RTR Energía, a manufacturer of capacitors and power quality solutions based in Madrid. This operation has made it possible to expand the volume of this business line, incorporate new technologies into the product portfolio, and strengthen the manufacturing and integration capabilities of renewables, as well as the international reach of the Network Reliability business.
• Arteche and MONDRAGON have also set up the AMETS Power Electronics joint venture, in collaboration with the IKERLAN technology center, focused on the development of innovative solutions in power electronics.
• In addition, the first energy storage projects using flywheels from Teraloop, an Arteche subsidiary, financed with ERDF funds, have been presented.

Advancing sustainability goals and consolidating ESG commitments

Arteche continues to advance its ESG commitments, making progress on all indicators, both annually and with a view to 2030, carrying out its activity under ambitious environmental, social, and corporate governance criteria.

Through a gradual transformation process, in 2025, Arteche has continued to improve the measurement of its carbon footprint (Scope 1 and 2 emissions), reducing it by 22% compared to 2023, the reference year.

Similarly, energy consumption from renewable sources now accounts for 72% of total consumption, reflecting a further increase from 63% at the end of 2024. This progress is in line with the goal of achieving 100% renewable energy consumption by 2030.

In turn, the percentage of waste recycling and reuse has reached 89% of total waste generated in 2025, substantially improving on the 69% achieved at the end of 2024. Once again, this improvement is also in line with the goal of achieving 100% recycling and reuse of waste by 2030.

In the social sphere, Arteche has made progress in its commitment to real and effective equal opportunities, continuously increasing the percentage of women in management and leadership positions throughout the group to 33% at the end of the 2025 financial year, with 27% of women on the Group's Board of Directors.

Finally, in terms of governance, Arteche's move to the Main Market of the Stock Exchange on February 2 represented a significant advance in governance, reinforcing the standards of transparency, internal control, and reporting required by regulated markets. During the 2025 financial year, the company adapted its corporate governance structure to international best practices, strengthening the independence and diversity of its Board of Directors, as well as the effectiveness of its supervisory and risk management bodies. This new framework has enabled Arteche to consolidate its commitment to ESG criteria, promote a culture of ethics and corporate responsibility, and ensure a stronger and more transparent relationship with its shareholders, investors, and stakeholders.