Audax holds its Annual General Meeting after consolidating a profitable and disciplined model, ready to accelerate growth

• The Annual General Meeting has approved the 2025 accounts and has re-elected José Elías as executive director and Josep María Echarri as an independent director

• The company has accumulated three consecutive fiscal years with EBITDA above €100 million, a figure it expects to increase up to approximately €180 million as part of its 2026-2030 Strategic Plan

• Audax has reinforced its financial position following its issuance of bonds for a total of €350 million, a deal that will strengthen its financial structure whilst at the same time extending its debt maturity profile

Badalona, June 11, 2026. Audax, an energy group present in nine countries, today held its 2026 Annual General Meeting, following the close of the 2025 fiscal year, during which the company has consolidated its strong business model and has reinforced its financial position to embark on a new era of growth.

During the event held in Badalona, the shareholders have approved all items on the agenda, including the 2025 accounts, re-election of José Elías as executive director of the company and of Josep María Echarri as an independent director.

The Annual General Meeting also reviewed the main financial figures obtained in 2025, a period in which Audax closed with EBITDA of over €100 million for the third consecutive year. The company also maintained its solid financial position, after closing the fiscal year with a net debt/EBITDA ratio of 2.3x. In this way, it met its strategic aim of keeping this ratio below 3.0x for the third consecutive year.

“Results are consistent, adjusted EBITDA is sustained, the balance sheet has been kept under control and cash generation is real. But there is another key factor to add: our model has not only been tested internally, but has also been externally validated, highlighted Audax’s general manager, Óscar Santos.

The company has recently completed an issuance of bonds for a total of €350 million, which will allow it to strengthen its financial structure whilst also extending its debt maturity profile. The deal, the largest of its kind in Audax’s history, has registered oversubscription of close to 3x the issuance amount, with strong participation from international investors and ratings obtained from S&P and Fitch.

A new Strategic Plan to accelerate growth

The AGM was also an opportunity to go over the main lines of the 2026-2030 Strategic Plan, a roadmap seeking to accelerate Audax’s growth whilst maintaining its financial discipline and cash generation. The Plan is founded on four large cornerstones: profitable energy commercialisation, integrated generation, new services and business lines, and selective growth.

Through this roadmap announced to the market last year, Audax expects to increase its EBITDA to approximately €180 million by 2030, to exceed 25 TWh of supplied energy, to increase its installed capacity above 500 MW, and to generate net profit of more than €85 million, whilst simultaneously keeping a net financial debt/EBITDA ratio under 3x.

The company has already taken decisive steps in its execution by entering the telecommunications business through a strategic partnership with MasOrange, allowing it to sell mobile line, fibre and fixed-line in Spain. As a result, Audax is progressing in its goal to evolve towards a multiservice digital company, expanding its client-focused product ecosystem and reinforcing its value proposal beyond energy supply.