• The General Shareholders’ Meeting reached an attendance quorum of 84.44%
• All proposed resolutions on the agenda were approved by near unanimity
• Shareholders back the 2025 management performance and the Group’s main strategic decisions
• Enrique Riquelme, Executive Chairman of Cox, highlighted in his speech the record results and the Group’s transformation following the acquisition of Iberdrola México

Seville, May 22, 2026. Cox, a water and energy utility, held its General Shareholders’ Meeting, which reached an attendance quorum of 84.44%. During the session, all proposed resolutions included in the agenda were approved by near unanimity, reflecting the shareholders’ confidence in the company.

The Meeting backed the management performance corresponding to the 2025 financial year, including the approval of the annual accounts, the non-financial information statement, and the re-election of the auditor, among other resolutions.

Furthermore, the amendment of the company’s corporate name was approved, which will become Cox Infrastructure Group, in line with its evolution and positioning as a group focused on the operation of water and energy infrastructures.

The transformation of the company

During his address, the Executive Chairman of Cox, Enrique Riquelme, highlighted the Group’s evolution in 2025, describing it as one of the most significant financial years in its recent history, in which the company “has changed in dimension and has demonstrated a solid execution capability in an especially complex environment.”

In 2025, Cox achieved record levels of revenue, EBITDA, and net profit, while maintaining strict financial discipline. Specifically, revenues exceeded 1,100 million euros, with a growth rate above 60%, while EBITDA reached 225 million euros. These results are “a reflection of the consolidation of a differential industrial model based on essential water and energy infrastructures, in geographies where there is strong structural demand and where our industrial and operational capacity provides a clear competitive advantage,” Riquelme noted.

One of the main milestones of the financial year was the acquisition of Iberdrola México, which the Executive Chairman defined as “a truly transformational operation” for the company. This transaction significantly strengthens the Group’s scale, as well as the quality and predictability of its revenues and cash generation.

Following the integration, the Group reaches a new dimension, combining greater scale, profitability, and financial visibility, while maintaining the same discipline in management, financial rigor, and prudence in capital allocation. “Cox’s growth will always be linked to financial discipline,” explained Riquelme, who also stressed that the company will continue to invest in essential infrastructures in geographies with strong structural demand, where its industrial capacity represents a competitive advantage.