Relations with the external auditor
External auditor: appointment and fees
Relations with the external auditor
During the 2018 financial year, PricewaterhouseCoopers Auditores, S.L. (hereinafter, "PwC") was appointed as the company's external auditor for financial years 2018, 2019, and 2020. Furthermore, the Annual General Meetings held on March 26, 2021; May 6, 2022; May 25, 2023; May 10, 2024; and May 30, 2025 resolved to reappoint PwC as the external auditor of the company and its Consolidated Group for financial years 2021, 2022, 2023, 2024, and 2025, respectively. Subsequently, the Annual General Meeting held on May 14, 2026 resolved to reappoint PwC for the 2026 financial year. As a result, 2026 will be the ninth financial year audited by said firm, with Juan Manuel Anguita acting as the engagement partner responsible for the audit.
External auditor services and fees for 2025
In 2025, the amount of the fees approved for the auditing work carried out by PricewaterhouseCoopers Auditores, S.L. and its network (hereinafter, PwC) for the Company and the companies in its Group amounted to €7.4 million.
In addition, the fees approved for PwC for professional services relating to auditing and other services amount to €1.9 million. As of December 31st, 2025, the percentage of non-audit services out of the total amount of the audit firm's fees amounted to 26%.
A breakdown of these services and amounts is included in the Report of the Audit and Control Committee on the Independence of the External Auditor | PDF | 370.5 KB.
Other work performed for the company by the external auditor
The amount of the approved fees for the aforementioned work and the percentage they represent of the approved fees for the company and/or its Group in 2025 are as follows:
| Company | Group companies | Total | |
|---|---|---|---|
| Amount of non-audit work (1) (thousands of euros) | 1,285 | 660 | 1,945 |
| Amount of non-audit work / Amount of audit work (%) | 84.1% | 11.2% | 26.3% |
(1) Includes, mainly, the amount of non-audit services (review of the Internal Financial Reporting Control System, the limited review of the consolidated financial statements as of June 30th, verifications and certifications for partners and official bodies, reports for the issuance of bonds and other marketable securities [comfort letter], as well as the verification of the Consolidated Non-Financial Information Statement and the Consolidated Management Report).
Updated as of May 2026