DOMINION closed the first nine months of 2025 with a solid operating performance and margins at historically high levels, in line with the records achieved in the first half of the year. The company continues to make progress on its 2023-2026 Strategic Plan, consolidating its transformation towards a more recurring, efficient and sustainable model, despite the global environment marked by geopolitical uncertainty and currency volatility.
Consolidated revenues amounted to EUR 800.1 million, representing organic growth of +9% in constant currency, exceeding the targets set by the company. This result was achieved despite the divestments executed in 2024, which reduced turnover by more than €110 million.
EBITDA reached EUR 106.5 million, with a margin of 13.3%, consolidating the record highs of the first half. On a like-for-like basis, EBITDA grew 6% year-on-year, reflecting the strength of the business model following the simplification of the perimeter and the focus on higher value-added activities.
The attributable net profit (EUR 6.1 million) includes the accounting impact of the EUR -16 million valuation adjustment on the PV assets in the Dominican Republic, with no cash outflow. Excluding this effect, comparable net profit would reach EUR 22.1 million, +40% higher than in the same period of 2024.
Divisional developments
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Global Dominion Environment (GDE) grew 8% in revenues, driven by international expansion and circular economy and decarbonisation solutions, reaching €332.2 million. The division has completed three strategic acquisitions and is making progress in greenfield projects in Spain and the Persian Gulf.
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The Services unit increased revenues by 13% to EUR 374.2 million, with a margin of 17.9%. This growth reflects the high recurrence of operation and maintenance contracts in Latin America.
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The Projects division (GDT) experienced a temporary slowdown (-3%) due to delays in execution, although its portfolio of energy and digital projects grew to EUR 426 million, with no cancellations. DOMINION continues to apply its strategy of financial discipline, prioritising the incorporation of minority shareholders before starting new construction.
Progress on the Strategic Plan 2023-2026
DOMINION continues to execute its transformation plan focused on recurrence, profitability and sustainable value creation, with a strategic focus on industrial sustainability, technology and energy transition.
This model, based on digitalisation, diversification, decentralisation and financial discipline, continues to drive its profitable growth and global positioning.
