The operational efficiency measures implemented and financial discipline have allowed the company to boost profitability and reduce its debt by 22,1%, down to 17,9 million euros. The drinks group strengthened its premium positioning and growth strategy in key categories and markets with the acquisition of Bodegas Godeval and the addition of Tito’s Vodka to its distribution portfolio. The Spirits portfolio accounted for 61% of total sales, while wine brands represented 39%.

Zamora Company, the company owning Licor 43, Ramón Bilbao, or Martin Miller’s Gin, among other premium wine and spirits brands, approved the 2025 consolidated annual accounts during its General Shareholders' Meeting.

The premium beverage group recorded an EBITDA of 46,9 million euros in 2025, with a net profit of 20,7 million, reflecting a 6,1% increase in profitability. Likewise, the company strengthened its balance sheet after cutting its debt by 22,1% to 17,9 million euros

The operational efficiency measures implemented by Zamora Company, coupled with solid financial discipline and rigorous management, have enabled it to boost profitability, grow in key metrics, and consolidate its positioning in strategic markets amid a challenging environment marked by shifting consumer trends. The company’s performance reflects the strength of its business model and its adaptability, having increased its net profit by 25,4% over the last five years, from 16,5 million euros in 2021 to 20,7 million in 2025.

“We have continued to make progress in organizational efficiency and agility, consolidating a global operating model that allows us to seize opportunities in a demanding and fast-changing sector. The improvement in net profit demonstrates the company's adaptability and the strength of our long-term strategy,” states Javier Pijoan, CEO of Zamora Company.

New portfolio additions

The 2025 financial year was marked by the strengthening of the group's wine business through the addition of Bodegas Godeval. This strategic acquisition not only reinforces Zamora Company’s presence in Galicia but also boosts its positioning in the Godello variety within the premium white wine segment. The transaction, funded entirely through internal resources, aligns with the company’s commitment to developing a portfolio of brands with strong heritage, quality, and international potential

Furthermore, the group expanded its international distribution activity last year by becoming the exclusive distributor of Tito’s Vodka in Spain, Andorra, and Gibraltar, thereby reinforcing its premium portfolio, its growth strategy in key categories and markets, and its role as a leading strategic partner for brand development in the Iberian market.

Over the last two financial years, the company has been strengthening its presence in high-growth spirits categories. In addition to the aforementioned operations, notable examples include the distribution of Ron Abuelo, which boasts over a century of history; Buen Amigo tequila; and Bottega Gold and Bottega 0.0 sparkling wines—products that align with increasingly sophisticated consumer trends and the rise of premium experiences in both the on-trade and retail sectors.

“Over the past few years, we have decisively reinforced our commitment to categories with strong growth potential and a clear premium positioning. Our goal is to continue building a solid, innovative portfolio that aligns with the opportunities offered by the markets and categories with the highest growth potential,” adds Javier Pijoan, CEO of Zamora Company.

Markets and Categories

Regarding performance, the international market delivered a satisfactory performance, representing 54,4% of the business versus 45,6% for the domestic market. The main revenue-generating markets after Spain were the United States, Germany, the Netherlands, Mexico, and Brazil.

In terms of breakdown of sales, the Spirits portfolio accounted for 61% of the total in 2025, while wine brands made up 39% of sales.

By brand, it is worth highlighting the sales achieved by Licor 43, which accounted for 42.5% of the company's revenue in 2025, followed by Ramón Bilbao (29.6%), Mar de Frades (6.9%), Villa Massa (5.5%), and Martin Miller’s Gin (4.3%).

The company has operated in a complex environment affecting the entire wine and spirits industry, marked by a global slowdown in consumption, shifting consumer habits, and international geopolitical uncertainty. This is compounded by rising production and distribution costs, as well as the impact of climate change, whose extreme temperatures directly affect harvest quality and yields. In this transformative landscape, Zamora Company has focused its strategy on adapting to new consumer needs and maintaining consistency in brand building against the sector's emerging challenges, achieving net sales of 255 million euros in 2025, down 2% compared to the previous year.

“The sector is going through a period of transformation, and 2025 has once again demonstrated the importance of maintaining a long-term vision and responsible, efficient management in a changing environment. We are facing a structural shift in consumer habits that is forcing all of us to redesign the industry to turn challenges into levers of opportunity,” explains José María de Santiago, president of Zamora Company.