Annual Accounts Report
We reached all-time highs of €30.4 billion in gross asset value (GAV) and €25.1 billion in net asset value (NAV).
Here we present our 2024 financial statements report. This is a summary of our individual financial position. You can download the full report at any time for a more detailed view.
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Our figures for 2024
We are the top investment holding company in Spain, and one of the leading ones in Europe.
We boost companies and impact people
Our mission is to preserve and increase the wealth of the ”la Caixa” Foundation, the largest in Spain by total assets and one of the world’s leading foundations.
We are the top investment holding company in Spain, and one of the leading ones in Europe. Our transformative capacity was demonstrated once more in 2024.
21.9+ €bn
Strategic portfolio
Investment as a relevant shareholder in CaixaBank, Naturgy, Telefónica, and others
5.4+ €bn
Diversification portfolio
Investment in diversified companies in territories and sectors
1+ €bn
Private equity portfolio
Investment in unlisted companies
2.1+ €bn
Real estate portfolio
Investment in property assets
Letter from the Chairman and CEO
The boost of CriteriaCaixa’s investment activity in 2024 has significantly increased the value of assets and set the company on the path towards achieving its 2030 Strategic Plan.
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Main milestones in 2024
With every investment, we aim to create a positive and lasting impact. That is why we support leading companies that contribute to economic growth, social progress, and sustainable development.
Our strategy is grounded in ESG principles (environmental, social, and governance criteria) and in a solid and transparent financial discipline.
This is our investing activity:
Strategic portfolio
Total +21.9 €bn
CaixaBank
Stake 31.22%
GAV €11.7 bn
Naturgy
Stake 26.71%
GAV €6.1 bn
Telefónica
Stake 9.99%
GAV €2.2 bn
Diversification portfolio
Total +5.4 €bn
ACS
Stake 9.36%
GAV €1.2 bn
Puig
Stake 3.05%
GAV €0.3 bn
Private equity portfolio
Total +1 €bn
Direct investment
GAV €0.8 bn
Indirect investment
GAV €0.2 bn
Real estate portfolio
Total +2.1 €bn
InmoCaixa
Stake 100%
GAV €1.5 bn
Colonial
Stake 17.32%
GAV €0.6 bn
We closed 2024 with record levels of dividends and GAV/NAV
€1.8 bn In investments to diversify portfolios
€1.9 bn In dividends, a record (69% more than the previous year)
€1.1 bn Net profit (30% more than in 2023)
€430 M In social dividends paid to the ”la Caixa” Foundation (8% more than in 2023)
What we want for the future
We are leading a bright present — and planning for the future. Our 2025-2030 Strategic Plan lays the foundations for continuing to promote organisations and impact society
This roadmap underscores our leadership role in Spain’s business and industrial fabric
Strengthen our presence in strategic companies: banking, telecommunications, energy and utilities.
Invest in leading companies that provide long-term value: technology, pharma, biopharma and retail.
Consolidate a business and investment model based on environmental, social and governance criteria.
Continue driving growth by taking an active role in corporate governance and supporting companies from a position of influence.
2030 Goals
€40 bn Gross asset value (GAV)
10% Rate of return to the Foundation, % of NAV
€36 bn Net asset value (NAV)
10% Net debt (20% limit)
15% Volatility
€700 M Dividends paid to the ”la Caixa” Foundation
Weight of portfolios as percent of GAV
- Current
- 2030
Strategic
Diversification
Private equity
Real estate
Discover our 2024
Every day, we work to provide the resources that finance the social action of the ”la Caixa” Foundation. To promote the growth of companies and invigorate the industrial fabric. We are reviewing our performance in 2024 because we want to remain a driving force that has a positive impact on both businesses and people.
Dive deeper into our milestones:
