He fiscal year 2025 has been starring in episodes of great impact, but also for relevant advancessuch as regulatory standardization at the European level, the consolidation of renewables as the backbone of the productive fabric and the acceleration of trends such as the rise in energy consumption associated with artificial intelligence and data centers.
In this context of challenges and opportunities, Audax has demonstrated that the strategy of recent years has allowed us to face this new stage with solid fundamentals: For the third consecutive year we expect to exceed 100 million euros of EBITDA. A milestone that confirms the stability of a business model that has been able to adapt to a changing environment and that becomes the starting point for a new stage of business growth and development.
We are at the perfect time to capitalize on the growing electrification of the economy and the need for flexible infrastructure that responds to an environment of high volatility and expanding demand. TO From 2026 we intend to take another step and, with the same financial discipline that we have maintained until now, reinforce our commitment to consolidating Audax as one of the leading firms in the sector.
To this end, we have recently presented our Strategic Plan 2026-2030a new roadmap with which we foresee registersr double-digit growth in both EBITDA and net income, reaching 180 million euros and 85 million euros, respectively. Along the same lines, our intention is to maintain a ratio of net financial debt to EBITDA below three times and ensure solid cash generation, with an average conversion of EBITDA to operating cash flow of more than 70%.
With this objective, we will articulate the Audax Renovables business through four key pillars: energy generation, energy commercialization, new value-added services and technology.
First of all, the strategy in power generation It involves continuing to expand our portfolio of renewable generation projects and strengthening vertical integration. This expansion will also be supported by the repowering of wind projects and the optimization of the renewable portfolio through the installation of batteries. We aspire to hybridize a large part of our solar portfolio and exceed 850 GWh of energy generated by 2030. In this area, we have already taken the first steps with a first project located in Toledo.
As for the marketing businesswe expect it to be our main growth driver in all geographies, thanks to the improvement of the customer experience and the development of new value-added services. We estimate that, by 2030, the supplied energy portfolio will be 25 TWh, driven by our leadership position in the sale of energy to SMEs and industries.
On the other hand, we have taken a step forward in transformation of the company towards a multi-utility with the launch of the telecommunications business, advancing our evolution towards a multi-service digital company, hand in hand with an expansion of the product ecosystem around the client.
Finally, we also anticipate enhance our technological development through tools such as artificial intelligence or IoT systems, with which we are creating unique capabilities that improve both our customers’ experience and their energy efficiency.
In conclusion, The energy sector is going through a determining phase, characterized by the evolution of the regulatory framework, the consolidation of renewables and technological progress.
At Audax Renovables we approach this new stage with a ambitious strategic plan, a balanced financial structure and a vision for the future aligned with major global trends.
2025 has been the year of the consolidation of a recurring EBITDA of more than 100 million euros with the existing business, and 2026 will be the year that opens the doors to a new stage of growth, expansion of services and expansion of markets. We look to the future with enthusiasm and with the confidence that comes from our solid financial position. Our purpose is to generate sustainable value for all our stakeholders and contribute to the socioeconomic development of the societies in which we operate.