Talgo (BME: TLGO) stock: the official figures
Talgo (TALGO SA) is listed on the Spanish stock exchange under the ticker TLGO and belongs to the industrials sector. In fiscal 2025 it reported revenue of €618.2m and a net loss of €98.2m, according to the annual accounts it filed with the regulator.
Identifiers for Talgo: LEI 95980037JECHVQDJDT59.
Fiscal 2025 figures
| Item | 2025 | 2024 | Change |
|---|---|---|---|
| Revenue | €618.2m | €669.2m | −7.6% |
| Operating profit | −€39.3m | −€71.4m | — |
| Net profit | −€98.2m | −€106.1m | — |
| Earnings per share | −€0.79 | −€0.86 | — |
| Operating margin | −6.4% | −10.7% | +4.3 pts |
| Net margin | −15.9% | −15.8% | 0.0 pts |
| Total assets | €1,513m | €1,271m | +19.0% |
| Equity | €223.3m | €170.6m | +30.9% |
| Cash | €226.1m | €93.3m | +142.4% |
| Operating cash flow | −€95.8m | −€110.8m | — |
Margins are calculated from the filed figures: operating profit and net profit over revenue.
7 fiscal years
| Fiscal year | Revenue | Operating profit | Net profit | Earnings per share | Document |
|---|---|---|---|---|---|
| 2025 | €618.2m | −€39.3m | −€98.2m | −€0.79 | Annual report |
| 2024 | €669.2m | −€71.4m | −€106.1m | −€0.86 | Annual report |
| 2023 | €652.0m | €59.0m | €13.7m | €0.11 | Annual report |
| 2022 | €469.1m | €26.5m | €1.4m | €0.01 | Annual report |
| 2021 | €555.4m | €41.4m | €27.6m | €0.22 | Annual report |
| 2020 | €487.1m | −€3.2m | −€17.4m | −€0.14 | Annual report |
| 2019 | €401.7m | €50.8m | €38.5m | €0.30 | — |
The full income statement, balance sheet and cash flow statement are in the annual accounts of Talgo. Year by year: revenue, net income and dividends paid. Half-year results and dividends are on the Spanish page, Acciones de Talgo.
Dividends
In fiscal 2025, Talgo paid €150.0m in dividends, according to its cash flow statement.
| Fiscal year | Dividends paid | Share of net profit |
|---|---|---|
| 2025 | €150.0m | — |
| 2023 | €1.9m | 14.1% |
| 2022 | €1.7m | 116.7% |
Cash paid out as dividends during the fiscal year, including dividends to minority shareholders of subsidiaries when the company does not report them separately. It is not the dividend per share.
Frequently asked questions about Talgo
- How much did Talgo earn in fiscal 2025?
- Talgo reported a net loss of €98.2m for fiscal 2025, on revenue of €618.2m. The year before it reported a net loss of €106.1m.
- Does Talgo pay a dividend?
- In fiscal 2025, Talgo paid €150.0m in dividends, according to its cash flow statement.
- What are the earnings per share of Talgo?
- They were −€0.79 in fiscal 2025, compared with −€0.86 the year before.
- Where is Talgo listed?
- Talgo is listed on the Spanish stock exchange under the ticker TLGO and belongs to the industrials sector.
- Where do the figures for Talgo come from?
- From the report Talgo files every year in the European single electronic format (ESEF), the same one the CNMV, the Spanish regulator, receives. Each fiscal year links to its filing.
Where each figure comes from
The annual accounts come from the report Talgo files every year in the European single electronic format (ESEF), the same one the CNMV, the Spanish regulator, receives. Each fiscal year in the table links to its filing. Celsmar reads the tagged figures from the document and does not adjust them: if an item is not in the filing, it is not shown. More detail in data sources and, if you spot an error, in corrections. What Celsmar is and what it costs, in its fact sheet.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.