- Improved profitability, with EBITDA up 11%, EBIT up 2 percentage points, and strong momentum in recurring long-term rental and CAPEX-free businesses consolidate the strategy of the company, which is confident of a favourable performance in the second half of the year.
- Mention must be made of the growth and improved profitability of the Iberia business and the consolidation of the Reviver project.
Oviedo, July 30, 2025.- GAM reached a turnover of €152.1 million in the first half of 2025, which stands for 6% higher than in the same period last year. The growth in sales drove net profit to €2.8 million, 32% higher than in 2024.
The key to these results—a period in which the company has achieved solid growth in all its main businesses—lies in a significant improvement in operating profitability. Ebitda grew by 11% to €42.8 million, which raised the margin on sales to 28%, up 1 percentage point. In turn, EBIT shot up 36% to €14 million.
These figures reflect the positive performance of all the Spanish multinational's business lines. The recurring business area, which accounts for 28% of total revenue, grew by 12% (to €42.8 million), while the distribution and after-sales businesses grew by 6% compared to the same period last year (to €52.4 million). The consolidation of the Reviver project is contributing to investment control and lower Capex needs. All the above are factors contributing to GAM's strategy of focusing on higher value-added and less capital-intensive services. Although to a lesser extent, short-term rentals and services also improved, rising 3% to €56.9 million.
By geography, the exceptional growth (10%) and profitability in Iberia stand out. The Middle East and Africa also performed well, with growth of 19%. In LATAM, the business experienced a slight slowdown in the first half of 2025, but there are operations planned for H2 that will contribute to a better half-year.
The robust results for the first semester of the year set the foundations for an excellent year-end. Given the seasonality of the business, where the second semester of the year historically sees higher volumes of activity, and the positive momentum of demand, the company expects its growth rate to accelerate.
Keeping these factors in mind, GAM expects to continue on a path of sustained growth in revenue and profitability, with the aim of improving the results obtained in 2024 as a whole and reaching a new all-time high for the company.
