Companies belonging to the Association of Major Industries of Campo de Gibraltar (AGI) recorded combined revenue of €11.195 billion during 2025, compared with €12.1846 billion reported in the previous financial year, representing a decrease of 8.1%. Despite this decline, the companies maintained an investment volume of €365 million and supported more than 12,000 jobs, according to data presented in the organization’s 2025 Annual Report.
The financial results were presented this Friday, October 23, at an event held to mark the publication of the report and coincide with the 35th anniversary of AGI’s founding. The presentation was attended by Jorge Paradela, the Andalusian regional government’s minister for Universities, Industry, Energy and Innovation, and was led by the association’s president, Antonio Moreno, and its treasurer and director of Evos Algeciras, Belén Gestoso.
In addition to revenue, the member companies generated gross value added (GVA) of €1,300.3 million, while gross operating profit, measured by EBITDA, reached €949.5 million. These indicators evolved against a backdrop in which the association identifies energy costs and shrinking business margins as key constraints on industrial activity.
In terms of employment, the report records an average workforce of 4,118 employees at companies belonging to AGI, in addition to 7,989 other jobs linked to contractors providing maintenance and services. Together, these two categories represent 12,107 jobs associated with the activity of the region’s major industries.
The report also states that 4,004 employees of member companies have permanent contracts, compared with 108 employees on temporary contracts. It also identifies 41 employees in partial retirement.
During the presentation, Antonio Moreno said that the employment and economic activity figures reflect the scale of the industries located in Campo de Gibraltar, but warned of the difficulties companies face in maintaining their competitiveness against operators in other countries.
“Shrinking business margins and high energy costs are affecting our competitiveness. Maintaining a strong industry requires our companies to be able to compete on fair terms with those in other countries,” said the AGI president.
Investment is another section of the annual report. Member companies allocated €365 million to investment during 2025, five million more than in 2024, when this figure reached €360 million. This represents a year-on-year increase of close to 1.4%.
According to the association, investments were directed toward maintaining and developing production facilities, modernizing industrial processes, and adapting to the environmental and energy requirements affecting the various sectors of activity.
Moreno linked the continuation of these projects to the need for economic and regulatory conditions that allow companies to compete in international markets. In this regard, he called for government measures addressing energy costs and the completion of outstanding road and rail infrastructure projects in Campo de Gibraltar.
The organization’s president also linked these needs to the maintenance of industrial employment and the region’s ability to attract new business projects, particularly amid the transformation of production processes and the development of activities associated with the energy transition.
The report also addresses the impact of the European Union Emissions Trading System (EU ETS) on maritime and port activity. AGI believes that applying this system to emissions from ships operating in European ports is creating competitive disadvantages for them compared with facilities in non-EU countries, which are not subject to the same obligations.
The association argues that these disparities may encourage maritime traffic to shift to ports in third countries, affecting connectivity and operators’ investment decisions. In this regard, it refers to analyses by the State Ports EU ETS Observatory on changes in port connectivity since the system was applied to maritime transport.
According to AGI’s interpretation, the diversion of certain routes to non-EU ports may also increase the distances traveled by ships and, consequently, their emissions. The organization believes this situation should be taken into account in European regulations to prevent emissions and economic activity from being displaced outside the EU.
In light of this situation, the association is calling for a regulatory framework that takes account of the competitive conditions facing Europe’s industrial and logistics sectors, particularly in areas such as Campo de Gibraltar, where industrial, energy and port facilities coexist with activity linked to international maritime trade.
AGI’s members are Acerinox, Air Liquide, Port Authority of the Bay of Algeciras, APM Terminals, Moeve, EDP, Endesa, Evos, Exolum, Indorama, Linde Gas España, Naturgy, Repsol and Repsol Butano. Their activities span energy production and transformation, metallurgy, the chemical industry, industrial gases, fuels, port services and logistics operations.
The organization, which marks its 35th anniversary this October, brings together companies with industrial and port facilities in Campo de Gibraltar and represents their shared interests before public administrations and other bodies involved in the region’s economic activity.
