Bilbao, March 3rd, 2025 – CIE Automotive has published its 2024 Tax Contribution Report, providing a transparent and detailed account of its economic contribution to the jurisdictions where it operates.

In 2024, CIE Automotive’s total tax contribution amounted to €507.1 million, representing a 2% increase compared to the previous year. Of this total, €265.3 million correspond to taxes borne directly by the company, while €241.8 million were collected on behalf of third parties. This tax contribution rate represents 58.5% of the company’s pre-tax profit.

Jesús Mª Herrera, CEO of the company, emphasized that “tax responsibility, transparency, and an effective tax contribution are fundamental pillars of our approach to sustainable taxation, reflecting our commitment to the communities where we operate.”

With operations in 20 countries and more than 130 corporate entities, CIE Automotive ensures that its tax contribution is aligned with its economic activity, maintaining a balanced presence in mature and emerging markets.

For the fourth consecutive year, CIE Automotive has been awarded the three-star transparency seal by Fundación Haz, evidencing its commitment to excellence in tax governance and responsibility. Additionally, it secured first place in the Informe Reporta 2024 ranking, recognizing the quality of its tax reporting and corporate transparency.

CIE Automotive integrates tax management into its sustainability strategy, aligning with the Sustainable Development Goals (SDGs) and OECD international tax standards. The company has proactively prepared for the implementation of the Pillar Two Global Minimum Tax, reinforcing its commitment to fair and responsible taxation.

The full report is available at:

https://cieautomotive.com/web/investors-website/informe-de-contribuci%C3%B3n-fiscal