General de Galerías Comerciales SOCIMI (GGC) H2 2025 earnings summary

Executive summary

• Net revenue reached €209.8 million in 2025, with rental income as the main contributor at €161.2 million.

• Net profit for the year was €170.4 million, up 34% year-over-year.

• EBITDA increased 16.8% to €198.7 million, and operating income rose 18% to €186.7 million.

• The group acquired 100% of Todina Investments S.L.U., expanding its asset base.

Financial highlights

• Operating cash flow was €132.4 million, while investing activities resulted in a net outflow of €185.6 million.

• Total assets at year-end were €1.15 billion, with equity of €1.05 billion.

• Rental income from commercial parks was €158.96 million, with additional €1.98 million from new assets.

• The group reported a gain of €27.35 million from the sale of a logistics platform.

• The average number of employees was 149.

Outlook and guidance

• Ongoing expansion includes the completion of a new building in Marbella and further development in Valencia.

• The company plans to continue asset revaluation and maintain a focus on maximizing rental income.