Grifols A recorded a net profit until September of 304 million euros, which represents an increase of 245% compared to the same period in 2024. Accumulated net profit was boosted by the net profit in the third quarter, which reached 127 million euros, an increase of 146%, and in line with the previous quarter.
Free cash flow before M&A and before dividends reached €203 million in the third quarter, resulting in €188 million in the first nine months of the year. This represents a year-on-year improvement of 257 million eurosdriven mainly by EBITDA growth, CAPEX reduction and lower financial costs.
Revenues for the first nine months of the year increased by 7.7% at constant exchange rates (cc), reaching 5,542 million euros. These results were driven by a growth of 9.1% cc in the third quarter, which amounted to 1,865 million euros, mainly thanks to the Biopharma business. The accumulated adjusted EBITDA until September stood at 1,358 million euros, with a margin of 24.5%, supported by a third quarter in which it reached 482 million euros, 8.8% cc more compared to the same period of the previous year, and with a margin of 25.8%.
Grifols continues to strengthen its free cash flow generation and maintains its focus on reducing leverage. The leverage ratio is at 4.2x, compared to 5.1x in the same period of 2024, while the liquidity position increased to 1,475 million euros.
Assuming current exchange rates remain unchanged for the remainder of the year, it is estimated that The total impact of the exchange rate against the forecast rates will be approximately €70 million on Adjusted EBITDA, and virtually neutral on group profit, free cash flow and leverage.
Nacho Abia, CEO of Grifols, states: «Grifols maintains its dynamism, in line with the execution of its Value Creation Plan. The company continues to advance its key priorities, supported by solid underlying demand and stable market dynamics. The company continues to be well positioned to face market conditions and generate long-term sustainable value for all its stakeholders.»
Rahul Srinivasan, CFO of Grifolsstates: «We are making tangible progress in generating free cash flow, the result of a coordinated and disciplined effort by the entire organization. Maintaining that same level of focus and organizational intensity remains a key priority.»