Axon Partners Group, specialising in alternative asset management and strategic consulting, closed 2025 with revenue of €25.2m (up 16.6%), operating profit of €8.9m (up 31.8%) and profit before tax of €8.4m (up 18.7%) compared to 2024. This marks the fifth consecutive year of double-digit growth across all key metrics.
The Board has proposed a gross dividend of €0.89 per share, consistent with the company's commitment to distribute approximately 75% of operating net profit. Payment is scheduled for 16 July 2026.
Sustained growth and a strong financial position
Over the past five years, group revenue has grown at a 15% CAGR, operating profit and profit before tax at 21%, assets under management at 19% and shareholders' equity at 14%, reaching €29.6m. The company ends the year with €7.66m in cash and no financial debt, supporting both its shareholder remuneration policy and its investment in new products.
Investment: new record in assets under management
The Investment Division was one of the year's main growth drivers. Assets under management rose by 27% to €838m, reinforcing Axon's position as a leading technology venture capital platform. Across all funds, the year closed with an average MoIC of 2.5x and a loss ratio below 5%, an uncommon combination in the industry. These results place Axon among the world's top-performing managers.
Axon Innovation Growth I ranks in the top global decile according to Preqin and Cambridge Associates, while the Growth and Climate Tech strategies are both in the top global quartile by return. Two milestones will shape the division's future: the launch of Axon Innovation Growth II, which, with a €300m hard cap, becomes the largest fund in the firm's history, and the preparation of a new Climate Tech fund for 2026 targeting €275m, which will support continued AUM growth in the coming years.
Consulting: record year in revenue and new business
The Consulting Division delivered its best ever year in revenue and new business, with double-digit growth supported by rising demand for strategic services in technology-driven and regulated sectors. Contracted sales reached €16.7m, with a 73% proposal win rate and an average value per won proposal of €501k, reflecting a client portfolio that is increasingly solid and larger in scale.
International expansion was another key theme of the year, with new commercial relationships established in the Middle East and ongoing consolidation of projects across various technology verticals. On top of this, the rollout of artificial intelligence tools is already feeding through into higher revenue per consultant, opening up scalability levers that simply did not exist before in this business.
“Axon continues to grow, largely thanks to our teams' extraordinary ability to create value for clients and investors, but also because we have very strong tailwinds behind us: we operate in the most strategic and differentiated space in the economy, technology and innovation. The world is stepping up its commitment to technology, and that direction remains the safest bet for the long term. We will continue to back organic growth and build an ever stronger and more profitable platform for our shareholders,” said Francisco Velázquez, Chairman and Managing Partner of Axon.
About Axon Partners Group
Axon is a global firm focused on technology and innovation, with a dual approach of technology investment and strategic consulting. The company operates through two complementary divisions: investment and consulting, with an international presence in Spain, Italy and Colombia, and projects across Europe, Latin America and the Middle East. Axon has been listed on BME Growth since 2022.
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