Ford Spain closed 2025 with a net profit of €69 million, down 70% from the year before. Sales jumped, but revenue and output dropped, showing the strain of the electric transition.
Ford Spain ended 2025 with a shock. Net profit fell to €69 million, a 70% drop from 2024. Revenue slipped 11% to €4.624 billion. Yet car sales in Spain jumped more than 24%, reaching 58,305 units. The numbers don’t add up at first glance. More cars sold, but profits and revenue fell. That’s the reality Ford faces as it tries to adapt to a changing auto industry. Data from Registro Mercantil, shared by Informa and Europa Press, confirm the sharp fall in profits. Ford managed to grow its sales in a tough market, but the gains came at a cost.
The real trouble sits in Almussafes. Ford’s plant there built just 98,591 Kuga vehicles in 2025. That’s down 18.69% from the year before. The battery line held steady, turning out 83,879 electric batteries. That’s only a 0.5% increase. The plant is stuck between falling output for traditional cars and slow growth for electric parts. Industry reports say Almussafes was built for 400,000 to 500,000 vehicles a year. In 2025, it ran at less than a quarter of that.
Production of machined components at Almussafes plummeted by nearly 59% in 2025, with only 172,919 units produced compared to the previous year.
Ford’s leaders know what they’re up against. Jaume Esteve summed up the year as one of “elevated competition, rapid technological change, intense cost pressure, and growing regulatory complexity.” Ford put €48 million into fixed assets in 2025. The company paid for this out of its own cash flow. No outside loans. Official statements from Ford stress that these investments came from internal funds. The message is clear: Ford Spain is trying to stay nimble and disciplined in a tough climate.
The road ahead is still foggy. Ford has picked Almussafes to build a new multi-energy Bronco model. Production is set to start in early 2028. Until then, the plant will keep making only the Kuga. That leaves Ford exposed. Supply chain problems and Spain’s slow electric car rollout add more risk. Leading Spanish auto outlets report that the Bronco is part of a plan to give the plant more models and cut its reliance on just one car.
For 2026, Ford says it’s “very difficult” to predict sales. The company is “in full transition” to electric vehicles. So far, electric cars have not taken off in Spain. Ford still expects electric volumes to rise a bit. Commercial vehicles remain a key focus. But manufacturing will shrink again. Only the Kuga will be built, and supply chain issues keep forcing changes.
Between 2023 and 2025, Almussafes saw its total vehicle output fall from over 211,000 units to just 98,591, reflecting a broader trend of declining production across Spain’s automotive sector.
Ford hopes to keep engine and component output steady in 2026. The company’s approach matches what other carmakers are doing. They’re trying to balance old models with new energy vehicles. Renault’s recent push for hybrids is one example, as reported earlier.
Ford’s 2025 story in Spain is about holding on under pressure. Sales grew, but profits and production shrank. That shows discipline, but also the high price of change. The Bronco is still years away. The electric shift is far from settled. Ford’s next moves will decide if it can stay relevant in Spain’s changing car market. The stakes are high.
