MONDRAGON achieved a turnover of €11,322 million and created 1,346 new jobs in 2025

MONDRAGON Corporation ended 2025 with a positive performance across its key economic indicators. The group of Industry and Distribution cooperatives achieved sales of more than €11 billion, 1% more than the previous year, with a workforce of 71,415 people, following the creation of 1,346 new jobs.

Job creation was one of the most notable achievements of the financial year, as it reinforces one of the cooperative group’s main objectives: to create quality employment and contribute to the socio-economic development of the region. With these figures, MONDRAGON remains the leading employer in the Basque Country, the second largest in Navarre and the fifth largest private employer in Spain.

This morning, during the presentation of the results, the chairman of MONDRAGON, Pello Rodríguez, noted that 2025 had been a good year. As he explained, despite international uncertainty, MONDRAGON achieved a higher turnover than in the previous financial year, exceeding €11 billion in sales and generating aggregate profits of over €600 million. However, he emphasised that MONDRAGON “is not just about business” and highlighted its cooperative and socio-entrepreneurial nature. In Rodríguez’s words, “generating wealth through employment and the distribution of profits is one of the characteristics that sets MONDRAGON apart”.

2025 has been a good year. MONDRAGON is not just about business, but also about the way we work and why we do it. Generating wealth through employment and the distribution of profits is one of the characteristics that sets MONDRAGON apart.

Another key figure for the financial year was the investment made by the cooperatives. In 2025, MONDRAGON allocated €406 million to investments, 7.8% more than the previous year. Over the last five years, the cumulative figure has now reached €1.8 billion, allocated to improving business competitiveness, developing new products and accelerating the technological adaptation of companies.

Meanwhile, aggregate net profit stood at €618.8 million, just 1.2% lower than in 2024, against a backdrop marked by a slowdown in certain strategic markets, geopolitical tensions and growing international competition.

Furthermore, 2025 saw the launch of three new companies linked to sectors considered strategic for the future. These are Orbik Cybersecurity, specialising in industrial cybersecurity; Amets Power Electronics, focused on power electronics solutions for energy and industry; and Innkia, focused on the development of artificial intelligence tools for businesses.

Social commitment

Social contribution remained one of MONDRAGON’s core pillars. Over the past year, the cooperatives and the MONDRAGON Foundation allocated more than €49 million to nearly a thousand organisations and projects in areas such as social inclusion, the fight against poverty, education, culture, sport, the Basque language and environmental sustainability.

Notable initiatives include social and labour market integration programmes for vulnerable groups, projects to encourage generational renewal in trades and the retail sector, as well as measures aimed at preventing school dropout. The Arizmendiarrieta Social Economy Think Tank (ASETT) project, based at the Miramar Palace in San Sebastián, was also launched with the aim of promoting the social economy and generating knowledge at an international level.

Performance by business area

In Retail, sales reached €6.403 billion, driven by Eroski, which exceeded €6 billion in turnover for the first time. Also noteworthy was the growth of the agri-food group Erkop, which increased its sales to €322 million.

The Industry division closed 2025 with a turnover of €4.9 billion, a workforce of 26,975 people and the creation of 277 jobs. Furthermore, 73% of its sales came from international markets and investments reached €219 million.

In the Knowledge sector, MONDRAGON allocated €218 million to R&D, equivalent to 4.4% of total sales in the industrial sector, and employed over 2,100 researchers. Among the strategic projects, the development of the Zorrotzaurre technology hub in Bilbao stands out.

Meanwhile, the Finance sector once again recorded positive growth. Laboral Kutxa achieved record results of €305 million and increased its managed assets to €33.9 billion, whilst LagunAro achieved a return of 6.78% and saw its equity fund reach €7.8 billion.

2026 gets off to a growing start

Looking ahead to 2026, MONDRAGON continues to perform well. During the first four months of the year, sales have grown by 2.5% compared with the actual figures for 2025, and employment has also shown an upward trend. However, growth forecasts for the financial year are relatively moderate, as prolonged international conflicts and increased tensions in supply chains could jeopardise global economic stability. In this context, Rodríguez stated:

The performance in the first four months has been positive, but we remain vigilant regarding the international situation and are keeping a close eye on developments in the geopolitical landscape.

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