Audax Renovables Strategic Plan 2026-2030: Double-digit growth in EBITDA and net profit
The company expects to achieve an EBITDA of €180 million in 2030 with 25 TWh of energy supplied and more than 500 MW of installed capacity.
Audax launches a share buyback program with the aim of improving shareholder returns
The company has reaffirmed its forecast for 2025, which would see its EBITDA rise above €100 million for the third consecutive year.
November 20, 2025.– Audax Renovables (ADX.MC) held its Capital Markets Day today, where it presented its 2026-2030 Strategic Plan. During this period, the company expects to register double-digit growth in both its EBITDA and net profit, reaching €180 million and €85 million, respectively.
This growth will be driven by both the trading and generation businesses. Specifically, Audax estimates that its energy supply portfolio will exceed 25 TWh and that its installed capacity will reach more than 500 MW in the next four years.
“In recent years, Audax has delivered solid and profitable results. We are a growing company with strong fundamentals,” said Óscar Santos, CEO of Audax, during the meeting held in Madrid. “With this new Strategic Plan, we aim to take another step forward and, with the same financial discipline we have maintained until now, reinforce our commitment to consolidating Audax as one of the leading firms in the sector,” he concluded.
Along these lines, the company has stated that the goal is to maintain a net financial debt to EBITDA ratio below 3 times and solid cash generation through an average conversion of EBITDA to operating cash flow above 70%.
Entry into new businesses and markets
Audax is perfectly positioned to capitalize on the growing electrification of the economy, along with the widespread use of artificial intelligence, data centers, and the development of new services in Europe. Its strategic plan is structured around four key pillars: energy generation, energy trading, new value-added services, and technology.
The energy generation strategy involves continuing to expand its portfolio of renewable generation projects and strengthening its vertical integration strategy. This expansion will also be supported by the repowering of wind projects and the optimization of the renewables portfolio through the installation of batteries. The company aims to hybridize a large part of its solar portfolio and has already taken the first steps with a project located in Toledo. Its objective is to exceed 850 MWh of energy generated by 2030.
Audax's roadmap positions its energy trading business as the main driver of growth. The company anticipates strong performance in all regions due to improvements in customer experience and new value-added services. The company projects that by 2030 its energy supply portfolio will reach 25 TWh, thanks to its leading position in energy sales to SMEs and industries.
The company takes a step forward in its transformation into a multi-utility company with the launch of its telecommunications business, becoming a multi-service digital company and expanding its ecosystem of products around the customer.
Finally, Audax plans to boost its growth by leveraging technology, which, through the use of capabilities such as artificial intelligence and IoT systems, will create unique experiences that enhance the customer experience and improve energy efficiency. To achieve this, it will develop platforms tailored to the needs of its customers, whether they are businesses or individuals.
Commitment to long-term value creation
Audax is committed to creating long-term value for all its stakeholders. The 2026-2030 Strategic Plan proposes a solid financial strategy to consolidate strong financial results for the coming years.
In this regard, its Board of Directors has approved the implementation of a share buyback program. The company will acquire up to 15 million shares, equivalent to approximately 3.31% of its share capital, for a maximum amount of €20 million.
Through this program, the company will reduce its share capital by redeeming the acquired shares. In this way, Audax reinforces its commitment to creating value for shareholders and providing them with returns.
“I feel very comfortable with the investment in Audax and fully aligned with the company's future prospects. I am confident in the Group's potential, and my intention is to maintain my shareholding without reducing my stake,” stated José Elías, Chairman of the Board and majority shareholder of Audax Renovables.
This buyback program will have a maximum duration of 12 months without prejudice to its possible early termination if the maximum number of shares to be bought back or the maximum amount foreseen is reached.
The Buyback Program will be managed primarily by Banco de Sabadell, SA, which will purchase its own shares on behalf of the Company independently and without being influenced by the Company.
The company recently published its results for the first nine months of the year, a period in which its EBITDA exceeded €81 million and both its customer base and managed energy volume increased. Audax has confirmed its forecast for 2025 of achieving EBITDA above €100 million for the third consecutive year.
About Audax Renewables
Founded in 2000, Audax Renovables is a vertically integrated energy group that generates 100% of renewable energy and supplies electricity and gas, with a presence in 9 countries.
Currently, it has a portfolio of wind and solar farms in Spain, Portugal, Italy, France, Poland, and Panama, totaling 1.0 GW, in operation, under construction, and at various stages of development. In its retail business, the group, chaired by José Elías Navarro, supplies electricity and gas to more than 461,000 customers in Spain, Portugal, Italy, Germany, Poland, the Netherlands, and Hungary, and leads the SME segment in Iberia.
Audax began trading on the Spanish secondary market in 2003, and in 2007 it moved to the continuous market, where it became part of the IBEX SMALL CAP® index in March 2020. Currently, its market capitalization exceeds 605 million euros, and it has a team of approximately 800 professionals.
For more information, visit www.audaxrenovables.com
