Dominion's sales fall and profits plummet due to accounting adjustments

Global Dominion saw sales and profits decline during the first half of the year due to the depreciation of the dollar and divestments. Its revenue fell 6% and its profits fell 69%.

The technology group's consolidated revenue stood at €537.6 million in the first six months, a 6% decrease; EBITDA grew 3% to €73.8 million, and net attributable profit fell 69% to €5 million.

Dominion clarifies that this reduction in net profit reflects a valuation correction—with no effect on cash flow—of €14 million on photovoltaic assets in the Dominican Republic, due primarily to the sharp devaluation of the US dollar. "This is a temporary, strictly accounting, and reversible adjustment, so it does not alter the ongoing performance of the business," the company states. Without this adjustment, net profit would have reached €19 million, a 40% increase.

Corrected for the exchange rate effect (with the depreciation of the dollar) and based on a pro forma comparison that eliminates the activities divested in 2024, sales would increase by 9%, and EBITDA would increase by 10%, with a 13.7% margin on sales.

Total net financial debt amounts to 207 million, pending the impact of the recent divestment in photovoltaic parks in the Dominican Republic.

In the first six months of 2025, the technology and services group completed the corporate restructuring aimed at simplifying its business, which began at the end of 2024.

During this time, it has established new holding companies for environmental activities. Global Dominion Environment (GDE) holds stakes in the Dominion Circular Economy (circular economy and waste management), Dominion Environmental Services, and Geshidro subgroups.

And Dominion Sustainable Services has integrated its industrial decarbonization activities and subsidiaries.

In addition, in the first half of 2025, the group has established new companies in Peru, the United Arab Emirates, and Oman with the minimum capital in each country.

Dominion faces the second half of the year "with a solid foundation" to execute its roadmap, supported by record margins and structural growth.

According to its leaders, they will prioritize profitable growth in high-value-added sectors, such as sustainability, technology, and energy transition.