AUDAX RENOVABLES S.A.
Audax Renovables, S.A. is a Spanish public limited company (sociedad anonima) registered in the Mercantile Registry of Barcelona under CIF A62338827, with registration effective from 10 July 2000. The company’s registered address is Calle de la Electronica 19, 7th floor, 08915 Badalona, Barcelona province, and its registry status is currently active.
Audax Renovables is an energy holding group with two principal lines of business: retail supply of electricity and natural gas to residential and business customers in Spain, and the development, construction and operation of renewable electricity generation assets, principally onshore wind and, to a lesser extent, solar photovoltaic. Through its group of project companies, the business holds wind generation capacity in Spain and France and operates the Gadaj and Hanumanhati wind farms in India, alongside a portfolio of solar photovoltaic special-purpose vehicles developed mainly in Spain and Italy. Its principal registered activity corresponds to electricity, gas and renewable-energy supply and production (CNAE 3512).
Audax Renovables, S.A. shares are admitted to trading on the continuous market (Mercado Continuo) of the Spanish stock exchange under ticker ADX, ISIN ES0136463017, and the company reports as a listed issuer to the Comision Nacional del Mercado de Valores (CNMV).
For the financial year ended 31 December 2025, Audax Renovables reported consolidated group revenue of approximately 1,884 million euros, a 5.2% year-on-year decrease attributed to lower unit energy prices despite higher volumes supplied to customers. Adjusted EBITDA reached 115.6 million euros, an increase of 0.2% on 2024 and the third consecutive year above 100 million euros, while consolidated net profit was 43.5 million euros, down 1.1% year-on-year. These results were disclosed to the CNMV and published by the company in February 2026.
The company traces its current structure to a 2018 merger between Audax Renovables, S.A. and Audax Energia, S.L., which combined the group’s electricity and gas retail operations with its renewable generation business under the listed parent.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of Audax Renovables, S.A.
Audax Renovables’ share capital is majority controlled by Electrica Nuriel, S.L., the holding vehicle of Francisco Jose Elias Navarro, who is identified on the company’s own governance disclosures as its principal shareholder and who separately serves as President of the Board of Directors. Following the 2018 merger between Audax Renovables, S.A. and Audax Energia, S.L., Francisco Jose Elias Navarro’s combined direct and indirect control was reported at approximately 90.73% of the combined listed entity’s share capital, with a stated commitment to increase the company’s free float over subsequent years. The remainder of the share capital is free float traded on the Spanish continuous market. Zavia’s company data, dated September 2026, additionally lists several passive index funds and institutional vehicles among disclosed minority holders; these free-float allocations could not be independently reconciled against a primary CNMV significant-holdings filing at the time of research and are presented as reported by the underlying data feed rather than as independently confirmed CNMV disclosures.
Ultimate beneficial ownership
Francisco Jose Elias Navarro is reported as the ultimate beneficial owner of Audax Renovables, S.A. through his direct and indirect shareholding via Electrica Nuriel, S.L., disclosed at approximately 90.73% of share capital at the time of the 2018 Audax Renovables / Audax Energia merger. Because the company has since stated an intention to increase free float, this percentage should be treated as a historical reference point rather than a confirmed current figure; a more recent primary-source disclosure updating the percentage was not identified.
Data availability
Shareholder information for Audax Renovables is Partial: the identity of the controlling shareholder (Electrica Nuriel, S.L. / Francisco Jose Elias Navarro) is corroborated through business press referencing CNMV merger filings and the company’s own governance disclosures, but a complete, current breakdown of all disclosed minority and free-float holdings was not independently verified from a primary CNMV filing at the time of writing.
Sources
- Audax Renovables official governance page, audaxrenovables.com/conocenos/organos-de-gobierno/, retrieved 2026-09-18
- Bankinter Blog, "Jose Elias Navarro controlara el 90% de Audax Renovables tras la fusion con Audax Energia", bankinter.com/blog, retrieved 2026-09-18
- CNMV Significant Holdings portal, cnmv.es/portal/consultas/derechosvoto (NIF A62338827), retrieved 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| iShares MSCI EAFE Small Cap ETF | 29.6% | Colegio de Registradores / Registro Mercantil Central | |
| SPDR Portfolio Developed World ex-US ETF | 21.2% | Colegio de Registradores / Registro Mercantil Central | |
| College Retirement Equities Fund-Stock Account | 2.3% | Colegio de Registradores / Registro Mercantil Central | |
| Fidelity SAI International Small Cap Index Fund | 1.8% | Colegio de Registradores / Registro Mercantil Central | |
| John Hancock Fds II-International Small Company Fund | 1.3% | Colegio de Registradores / Registro Mercantil Central |
Officers
3
Directors and officers of Audax Renovables, S.A.
Audax Renovables’ registry-sourced data (Colegio de Registradores / Registro Mercantil Central, last synced September 2026) discloses three active corporate officers: Francisco Jose Elias Navarro as President of the Board of Directors, Ana Isabel Lopez Porta as Chief Executive Officer and Director, and Naiara Aybar as Non-executive Secretary. Ana Isabel Lopez Porta has held the Chief Executive Officer role since 16 March 2021, a date confirmed by the company’s own investor-relations disclosures and by Spanish business press. Francisco Jose Elias Navarro chairs the Board and is separately reported in business press as the company’s controlling shareholder. Company governance disclosures and business press also reference an independent director, Josep Maria Echarri, and a further board member, Ramiro Martinez-Pardo del Valle, who are not captured in the three-record registry snapshot used here; the registry data should therefore be treated as a partial view of the full Board. Appointment and resignation dates are not available in the registry-sourced data beyond the confirmed 2021 CEO appointment, and nationality is not disclosed for any of the three officers in the available data.
Recent officer changes
- Ana Isabel Lopez Porta appointed Chief Executive Officer, effective 16 March 2021 (source: company investor-relations disclosures and business press).
No further officer appointments, resignations or role changes with a confirmed effective date were identified from a primary source at the time of writing.
Data availability
Officer information for Audax Renovables is Partial: the registry-sourced feed captures three active roles without appointment or resignation dates (aside from the CEO) and without nationality, while company and press disclosures confirm additional Board members not captured in the registry snapshot.
Sources
- Colegio de Registradores / Registro Mercantil Central (company registry data feed, last synced 2026-09-18)
- Audax Renovables official governance page, audaxrenovables.com/conocenos/organos-de-gobierno/, retrieved 2026-09-18
- Forbes Espana, "La junta de accionistas de Audax reelige a Francisco Jose Elias Navarro como consejero ejecutivo", retrieved 2026-09-18
- Estrategias de Inversion, "Audax Renovables aprueba reeleccion de Francisco Jose Elias Navarro como consejero ejecutivo", retrieved 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
Group Structure
Group structure of Audax Renovables, S.A.
Audax Renovables, S.A. is part of a wider Spanish corporate structure ultimately controlled by Francisco Jose Elias Navarro. Zavia’s corporate-linkage data shows Audax Renovables, S.A. as a direct subsidiary of Electrica Nuriel, S.L. (Spain, registration number B65907271); this immediate-parent relationship is corroborated by business press reporting on the 2018 merger of Audax Renovables with Audax Energia, S.L., after which Electrica Nuriel / Francisco Jose Elias Navarro held majority control of the combined listed entity. Electrica Nuriel sits within a broader Elias family holding structure that also includes entities such as Orus Properties, S.L. and Excelsior Times, S.L., though Zavia did not independently verify the ownership percentages linking those upper-tier entities from a primary filing.
Below Audax Renovables, S.A., Zavia’s corporate-linkage register lists a large number of direct and indirect Spanish project subsidiaries developing and holding solar and wind generation assets (including a series of "Audax Solar SPV" companies), together with international subsidiaries in Italy, Poland, Hungary, Germany, the Netherlands, Mexico and Panama, consistent with the group’s renewable-generation and energy-retail operations in those markets. These subsidiary relationships and any associated ownership percentages were not independently verified from primary filings for this review and are not restated here; they are displayed in the profile’s corporate-structure graph as supplied by Zavia’s data feed.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Electrica Nuriel, S.L. | ES | B65907271 | Immediate parent | Ownership percentage not disclosed; business press reports majority control since 2018 | Active | 2026-09-18 |
Recent structural changes
- 2018 merger of Audax Renovables, S.A. and Audax Energia, S.L., after which Electrica Nuriel, S.L. (Francisco Jose Elias Navarro) held majority control of the combined listed entity (source: business press referencing CNMV merger filing).
Data availability
Corporate-linkage information for Audax Renovables is Parent only / Partial: the immediate parent, Electrica Nuriel, S.L., is corroborated through business press referencing CNMV merger filings, but ownership percentages for the numerous Spanish and international project subsidiaries shown in Zavia’s corporate-structure graph were not independently verified from primary filings at the time of writing.
Sources
- Bankinter Blog, referencing CNMV merger filing (2018), bankinter.com/blog, retrieved 2026-09-18
- Zavia corporate-linkage data feed (company group register), last synced 2026-09-18
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
EXCELSIOR TIMES SL.
Spain
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Frequently Asked Questions
What does AUDAX RENOVABLES S.A. do?
Spanish energy holding group: retail supply of electricity and gas plus development and operation of renewable (wind and solar) generation assets in Spain, France and India.
Who owns AUDAX RENOVABLES S.A.?
Majority controlled by Electrica Nuriel, S.L. (Francisco Jose Elias Navarro); reported at approximately 90.73% following the 2018 merger, remainder free float.
Who is AUDAX RENOVABLES S.A.'s UBO (Ultimate Beneficial Owner)?
Francisco Jose Elias Navarro, indirect via Electrica Nuriel, S.L.; approximately 90.73% reported at the 2018 merger, treated as a historical reference point.
What is AUDAX RENOVABLES S.A.'s company registration number?
AUDAX RENOVABLES S.A.'s registration number is A62338827, filed with Colegio de Registradores / Registro Mercantil Central in Spain. Its current status on the register is active.
Is AUDAX RENOVABLES S.A. still an active company?
AUDAX RENOVABLES S.A.'s status on Colegio de Registradores / Registro Mercantil Central is listed as active.
What is AUDAX RENOVABLES S.A.'s registered address?
The registered address on file for AUDAX RENOVABLES S.A. is Badalona, Spain.
What legal structure is AUDAX RENOVABLES S.A. registered as?
AUDAX RENOVABLES S.A. is registered as a Public Limited Company in Spain.
What is AUDAX RENOVABLES S.A.'s revenue?
Consolidated group revenue of approximately EUR 1,884 million for FY2025 (down 5.2% YoY); adjusted EBITDA EUR 115.6 million; net profit EUR 43.5 million.
Is AUDAX RENOVABLES S.A. listed on a stock exchange?
Listed on the Spanish continuous market (Bolsa/BME) under ticker ADX, ISIN ES0136463017; regulated issuer under the CNMV.
Who are the officers/directors of AUDAX RENOVABLES S.A.?
President: Francisco Jose Elias Navarro. CEO and Director: Ana Isabel Lopez Porta (since 16 March 2021). Non-executive Secretary: Naiara Aybar.
Does AUDAX RENOVABLES S.A. have a parent company or subsidiaries?
Direct subsidiary of Electrica Nuriel, S.L. (ES, B65907271), part of the Elias family holding structure; numerous renewable-project subsidiaries in Spain, Italy, Poland, Hungary, Germany, Netherlands, Mexico and Panama.
Can Zavia monitor changes to AUDAX RENOVABLES S.A.'s ownership over time?
This profile reflects a point-in-time snapshot from Colegio de Registradores / Registro Mercantil Central. Zavia's monitoring API can track changes to AUDAX RENOVABLES S.A.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access AUDAX RENOVABLES S.A.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Spain, so records like AUDAX RENOVABLES S.A.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Colegio de Registradores / Registro Mercantil Central and was last synced on 18 September 2026.