Acciona Energia stock: Asset sales lift 2025 profit as revenue falls

Acciona Energia's audited consolidated accounts for the year ended December 31, 2025, show stronger reported earnings after major asset sales. The accounts were prepared by the board on February 26, 2026, and received an unmodified opinion from KPMG, according to the company's 2025 consolidated annual accounts.

Profit Rose As Assets Changed

Net revenue fell to 2.925 billion euros from 3.048 billion euros in 2024. At the same time, operating profit rose to 952 million euros from 699 million euros, while profit attributable to the parent company increased to 655 million euros from 357 million euros. Basic and diluted earnings per share both reached 2.00 euros, compared with 1.10 euros a year earlier.

The income statement also shows a shift in the composition of earnings. Other revenue increased to 1.186 billion euros from 855 million euros. The stronger profit therefore cannot be read solely as a measure of recurring electricity generation, because asset transactions contributed materially to the year's result.

Disposals Shrink The Operating Base

Acciona Energia completed the sale of its hydroelectric business to Endesa in February 2025 for 964 million euros and recognised a gain of 491 million euros. In December, it completed the sale of a Spanish wind portfolio with 440 megawatts of capacity for 531 million euros and recorded a gain of 203 million euros. The group also completed the sale of the 136-megawatt San Juan de Marcona wind farm in Peru for 218 million euros.

Total installed power stood at 12,882 megawatts at December 31, 2025, down from 13,630 megawatts a year earlier. For shareholders, the smaller operating base increases the importance of retained facilities, project additions and the use of proceeds from portfolio rotation.

Cash Flow Tests Earnings Quality

Cash flow from operations declined to 383 million euros from 681 million euros in 2024. Investing cash flow turned positive at 412 million euros, compared with an outflow of 1.451 billion euros a year earlier, as disposal proceeds supported the investing account. Cash and cash equivalents ended the year at 426 million euros, down from 495 million euros.

Acciona Energia stock traded at 22.06 euros on Lang & Schwarz at 10:44 CET on Thursday, November 12, 2026. The accounts leave investors weighing higher reported earnings against lower recurring cash generation and a reduced installed base rather than treating the profit increase as a standalone signal.

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