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Audax: From idea to international energy group

Every great company starts as just an idea. With Audax, this idea was based on a clear conviction: that energy should be simpler, more efficient, and more useful for people and companies.
Audax

Today, this vision has been transformed into an international energy group operating in nine countries, with more than 800 professionals and a value proposition that combines renewable generation, electricity and gas sales, energy-efficiency solutions, and new added-value services.

Audax’s evolution is the outcome of a sustainable growth strategy that has enabled it to build a unique model within the energy sector.

Its vertically integrated business model is one of the group’s main strengths. Likewise, energy generation provides its own energy supply, which gives the company more autonomy and enables it to manage the company more efficiently, while also contributing to the stability of its margins, facilitating risk management, and reinforcing coverage strategies. Furthermore, its sales continue to fare well: by the close of 2025, Audax had more than 462,000 customers, 5.8% growth over the previous year. It also reached 16 TWh of energy supplied, solidifying its scale in the markets in which it operates. This growth is bolstered by a solid, diversified portfolio made up of quality customers, long-term relationships, and a range of added-value products and services, which contributes to balanced risk management. This integration between energy generation and sales enhances the group’s stability and improves its ability to adapt in an increasing complex and volatile energy environment.

Audax

International presence

Another factor confirming its sound management was signing of a strategic agreement in 2023 with Shell Energy Europe Limited, one of the global benchmark energy companies, to supply electricity and gas in Spain. This alliance guarantees access to energy under competitive conditions and is a strategic advantage to continue driving sustainable, profitable growth.

The company’s international presence is another major driver of its growth. Audax operates in Spain, Portugal, Italy, Poland, France, Germany, the Netherlands, Hungary, and Panama, which enables it to diversify its geographic exposure and lower the concentration of risk. In recent years, this strategy has even become so important that its international business now generates more than 60% of the group’s income, compared to 25% in 2019 in the Iberian market.

This transformation has also brought about financial solidity. Audax closed fiscal year 2025 with an EBITDA higher than 100 million euros for the third year in a row. Its income reached 1.884 billion euros and adjusted net profit was 43.5 billion euros. The company has retained a solid financial position at the end of the year, with a net debt-to-EBITDA ratio of 2.3 times, under the strategic goal of 3.0 for the third year running.

Audax also reached a new financial milestone in 2025 when it set the price of the highest bond issue in its history for an amount of 350 million euros. The operation, which comes due in 2031, recorded a demand that was almost three times the amount issued, with broad participation by international institutional investors. This milestone is joined by its first corporate credit ratings granted by S&P Global Ratings and Fitch Ratings, solidifying the company’s visibility in international capital markets and consolidating its financial profile.

Audax

Strategic Plan 2026-2030

Looking towards the future, Strategic Plan 2026-2030 signals a new stage of growth. Audax aspires to continue enhancing its position in the sales business, expanding its portfolio of renewable generation, driving new tech services, and progressing in its evolution as a multiservice company, as reflected in its alliance with MasOrange. The electrification of the economy, energy efficiency, artificial intelligence, the Internet of Things (IoT), and telecommunications are bringing new opportunities to expand the group’s value proposition, develop new business lines, and strengthen its customer relations.

From that initial idea, which was the seed of Audax, a purpose remains today: to help people and companies make the most of their energy. But today the company is much more than that. Today it has become an international energy group with a diversified business model, a solid financial position, and a defined strategy to keep growing profitably and sustainably in the forthcoming years.

Leran more about Audax in this video

Audax

 

 

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