Toyota doubles its sales in Spain in five years, to 3.32 billion
The Spanish subsidiary of the Japanese giant finished the fiscal year 2025-2026 with revenues of 3.32 billion, an 8% increase, but reduced its profit by 8.4%.
Toyota's Spanish subsidiary, Toyota España, reported a 8% increase in revenue to €3.320 million for the fiscal year ending March 2026, marking a significant milestone as the company has been the leading sales vehicle in the Spanish market for four consecutive years and is on track for a fifth consecutive year. This surge in business is largely attributed to the strong demand for Toyota's hybrid technology vehicles, a pioneering area for the company.
The Spanish arm of Japan's largest automotive manufacturer achieved this growth after recording €1.636 million in revenues during the fiscal year ending in 2022, less than half of its current figure.
Despite the impressive revenue growth, Toyota España's net profit saw a decline of 8.4% to €19.3 million for the same period. This downturn was largely due to a significant increase in the tax on profits, which rose from €8.05 million in the previous fiscal year to €15.95 million in the fiscal year 2025-2026. The automaker's earnings were further affected by the positive performance of some key models, such as the hybrid C-HR, which sold 22,000 units, and the RAV-4, which sold 14,000 units.
However, despite these sales successes, Toyota España did not translate this success into a net profit increase, highlighting the challenges in converting higher sales into greater profitability.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
