Cox Breaks Record With $59 Million in Profits in 2024 and Consolidates Its Business Model

The Energy Infrastructure and Water Treatment Group Cox Has Closed Its First Full Year on the Stock Market with an Exceptional Result. A net profit of 59 million euros in 2024, which represents an impressive growth of 62% compared to the previous year.

This milestone confirms the strength of its business model. In addition to the effectiveness of the strategies implemented after the acquisition of Abengoa's productive assets.

Expansion and Solid Growth

Cox's revenue reached 702 million euros. A 21% increase over 2023, driven by its strong presence in the water and energy sector.

Its gross operating profit (Ebitda) rose to 183 million euros, with a growth of 77%. Highlighting the profitability of its concession and service business.

International expansion has also been key to this success. The company has strengthened its presence in Morocco and Chile with new water and energy assets. In addition to consolidating in South Africa with the Khi Solar One solar thermal plant.

In Brazil, it has achieved new concessions in transmission lines, reinforcing its positioning in the American continent.

A Promising Future with Million-Dollar Investments

For 2025, Cox has set ambitious goals: to increase its sales to 1.2 billion euros (+71%). Increase its Ebitda to more than 230 million (+26%) and achieve net earnings of 80 million (+36%). All with financial solidity reflected in a debt/Ebitda ratio of less than one.

In line with its growth plan, the company will invest more than 600 million euros in 2025, focused on energy, water, and electrical transmission in key markets. Such as Morocco, Spain, the United States, and Latin America. Additionally, it is advancing in projects that will add 500,000 cubic meters of water capacity and 1.3 GW of energy linked to water concessions.

Innovation and New Business Opportunities

The group is also exploring new opportunities in the data center sector, where it aims to become a key energy provider. In this line, its participation in the American company Malta stands out. Supported by figures like Bill Gates, Jeff Bezos, and Mark Zuckerberg, focused on developing innovative long-duration energy storage solutions.

Financial Consolidation and Future Strategy

Cox's stock market debut has been a key catalyst for strengthening its financial structure. Allowing it to add new sources of financing for strategic projects in high-growth markets.

Its president and founder, Enrique Riquelme, has highlighted that the success of 2024 reaffirms the strength of its business model. Based on three pillars: the growth of the water market, the reorganization of assets, and corporate simplification.

With an upward trajectory and a clear vision for the future, Cox positions itself as a leader in energy and water infrastructure, with a positive impact on sustainability and global development.