MONDRAGON closed 2025 with positive performance across its main economic indicators. The group’s Industrial and Distribution cooperatives generated combined sales of €11.322 billion, up 1% year-on-year, and employed 71,415 people following the creation of 1,346 new jobs.
Job creation was one of the most significant achievements of the year, reinforcing one of the cooperative group’s core objectives: creating quality employment and contributing to the socio-economic development of its surrounding communities. With these figures, MONDRAGON remains the largest employer in the Basque Country, the second-largest in Navarre, and the fifth-largest private employer in Spain.
During the presentation of the results, MONDRAGON President Pello Rodríguez stated that 2025 had been a successful year. Despite international uncertainty, MONDRAGON achieved a higher business volume than in the previous year, surpassing €11 billion in sales and generating aggregate profits of more than €600 million. However, he emphasized that MONDRAGON “is not just about business,” highlighting its cooperative and socio-business model. In Rodríguez’s words, “creating wealth through employment and profit sharing is one of the characteristics that distinguishes MONDRAGON.”
Another notable aspect of the year was the level of investment made by the cooperatives. During 2025, MONDRAGON invested €406 million, representing a 7.8% increase compared with the previous year. Over the last five years, cumulative investment has reached €1.8 billion, aimed at enhancing competitiveness, developing new products, and accelerating technological adaptation across its businesses.
Aggregate net profit amounted to €618.8 million, only 1.2% lower than in 2024, despite a backdrop marked by slower growth in certain strategic markets, geopolitical tensions, and intensifying international competition.
The year also saw the launch of three new companies in sectors considered strategic for the future: Orbik Cybersecurity, focused on industrial cybersecurity; Amets Power Electronics, specializing in power electronics solutions for the energy and industrial sectors; and Innkia, dedicated to developing AI-powered tools for businesses.
Social Commitment
Social contribution continued to be one of MONDRAGON’s core priorities. During 2025, the cooperatives and the MONDRAGON Foundation allocated more than €49 million to nearly one thousand organizations and projects related to social inclusion, poverty reduction, education, culture, sports, the Basque language, and environmental sustainability.
Key initiatives included employment integration programs for vulnerable groups, projects supporting generational succession in skilled trades and retail businesses, and measures aimed at preventing school dropout. MONDRAGON also advanced the Arizmendiarrieta Social Economy Think Tank (ASETT) project, located at Miramar Palace, with the goal of promoting the social economy and generating international knowledge and research.
Performance by Business Area
In Distribution, sales reached €6.403 billion, driven by Eroski, which surpassed €6 billion in revenue for the first time. The agri-food group Erkop also delivered strong growth, increasing sales to €322 million.
The Industrial area closed 2025 with revenues of €4.919 billion, a workforce of 26,975 employees, and the creation of 277 new jobs. International markets accounted for 73% of sales, while investment reached €219 million.
In Knowledge, MONDRAGON invested €218 million in R&D, equivalent to 4.4% of total industrial sales, and employed more than 2,100 researchers. One of the most significant projects is the development of the Zorrotzaurre Technology Hub in Bilbao.
The Finance area also posted positive results. Laboral Kutxa achieved record earnings of €305 million and increased managed resources to €33.913 billion, while LagunAro delivered a 6.78% return and grew its equity fund to €7.817 billion.
Positive Start to 2026
Looking ahead, MONDRAGON has maintained positive momentum in 2026. During the first four months of the year, sales increased by 2.5% compared with the same period in 2025, while employment also continued to grow.
Nevertheless, the group’s outlook for the full year remains relatively cautious, as a prolonged continuation of international conflicts and increased supply chain tensions could threaten global economic stability. Commenting on the outlook, Rodríguez said: “The performance during the first four months has been positive, but we remain attentive to the international situation and closely monitor geopolitical developments.”
cloud technology axon
Since its public launch in 2025, the platform has served more than 200...
