With these operations, the Free Trade Zone consolidates its solid and significant economic recovery, which has allowed it to reduce debt by more than 60%, going from 190 million in 2019 to 75.5 million of outstanding debt currently.
The conditions of one of the loans that the Consortium maintains with banking entities are improved and part of another is amortized, which allows an annual saving in financial expenses of almost half a million euros
Last Friday, the Plenary Session of the Cádiz Free Trade Zone approved a package of financial operations that will allow the Cádiz Consortium to substantially improve the conditions of some existing loans, changes that will mean a new reduction in the Consortium's total debt by 12 million euros.
These are two financial operations, one of them the novation of a loan of 7 million euros, in which the previous interest consisting of the one-year Euribor plus a differential from 2.9% per year (currently 5.04%) to 2.62% fixed until the end of the life of the loan is modified.
The second operation is the amortization of an amount of 12 million euros of a current bullet loan of 70 million euros, so the outstanding capital is reduced to 58 million euros. A bullet loan, also known as an American loan, is one in which only interest is paid periodically and the principal loaned is returned in a single payment on the final maturity date.
With these changes, the Cádiz Consortium will obtain an annual savings in interest of almost half a million euros, specifically 490,000 euros.
This new step consolidates the positive path established since 2020 when the State delegate, Fran González, arrived in the Free Zone. Since that year, and with the self-imposed Viability Plan, it has managed to straighten out the financial situation, achieving a solid recovery and profits that allow it to comfortably face new investments.
Thus, the reduction in financial debt that the operations authorized this Friday will entail will be added to the reduction in the Consortium's total debt, which has gone from 190 million in 2019 to 75.5 million in outstanding debt currently, a reduction of more than 60%.
The improvement in the economic situation has also been felt in the net worth, which has increased, from 72 to 163.2 million euros in five years, just as there has also been a 17% increase in turnover in that same period.
In fact, at the close of the 2025 financial year, presented on March 31 - on time, as established by law -, the Cádiz Free Trade Zone tripled the 1.9 million euros of profits achieved in 2024, reaching 6.1 million euros, achieving a positive result for the second consecutive year after 13 years of losses.
Given this new improvement in the financial capacity of the Institution, the delegate of the Cádiz Free Trade Zone, Fran González, has highlighted "the importance of continuing to maintain constant work for the financial consolidation of the Institution, as has been done for 6 years, with the achievement of the Viability Plan by far."
"It is a milestone and a satisfaction that the Consortium has reduced its total debt by more than 60% in just over six years, not only because it speaks of the management we are doing but also because it is demonstrated that it is a viable entity, that deserves the trust of financial entities and that produces positive economic results. The Free Zone is a recognizable entity and a reference for its new innovative and sustainable model, with the Blue Economy as its axis; a catalyst of opportunities that allows us to continue facing with optimism the progress of the initiatives underway," explained with González.