Closer to our affiliates
The mission of the head office is to achieve maximum competitiveness for our affiliates, centralizing new activities to provide them with levers for generating economic value, as well as other competitive advantages that allow them to improve their financial results and their position within the sector.
The Strategic Plan approved in 2012 has helped to strengthen the structure of the head office in the areas of new businesses and services, in order to offer greater support and added value to our affiliates.
The management team has been significantly reinforced with the addition of new Departments, resulting in a new Management Committee.

Diego Maus Lizariturry
Managing Director

Víctor Pérez Díez
Commercial and Operations Director

Ángel Cea Soriano
Finance and Systems Director

Ángela López Antón
Director of Commercial Intelligence
and Business Development

Rocío García de Santiago
Legal Consultancy and
Complience Director

Sonia Cañas de Diego
People and Organisation Director

Ana Lorenzo Morales
Public Affairs, Communication
Director and ESG
Cargos que ostentamos
Estamos presentes, entre otras, en las siguientes organizaciones e instituciones:
- Junta Directiva de la Asociación Española de Distribuidores, Autoservicios y Supermercados (ASEDAS)
- Presidencia de EuroCommerce
- Consejo Asesor del Instituto Internacional de
San Telmo - Consejo Directivo de la Asociación Española de Codificación Comercial (AECOC)
- Junta Directiva de la CEOE
- Consejo Directivo de ECOEMBES
- Junta Directiva de la Asociación Nacional de Centrales de Compras y Servicios (ANCECO)
Retail brand
The joint retail brand project carried out by the head office and the affiliates has begun to bear its first results with the launch of new brands that will help drive its growth:
Our Products
To trust, it’s best to know in depth.

Safety data sheets
Consult and download safety data sheets in accordance with “Reglamento (CE) 1907/2006”.

Other certificates
Select and view our quality certificates.
Gloves – EU Declaration of Conformity
Promotions
One of the ways we show our support and commitment to the customer is through promotions that we regularly carry out in collaboration with suppliers.
Through Grupo IFA, our companies develop promotional campaigns with aggressive offers, aimed at satisfying the consumer. Among these, the annual campaigns launched by Grupo IFA are especially noteworthy, having distributed over 840,000 direct gifts in partnership with Casa Samantha. As expected, these promotions have been very well received by our customers.
Value Chain
In our pursuit of excellence, we continue to move forward by constantly seeking efficiency and synergies throughout the entire Value Chain.
We work closely with all our suppliers with the aim of optimizing our operations and offering an improved value proposition to our customers. Notable examples include projects where significant synergies have been achieved, such as the Project Energy or the Project Consumable Goods.
Additionally, we offer many other services to Affiliates, such as collaboration in creating store layouts and floor plans.
Balance sheet as of December 31, 2025
(in thousands of euros)
| ASSETS | 2025 | 2024 |
|---|---|---|
| NON-CURRENT ASSETS | 4.771 | 3.424 |
| Intangible assets | 2.062 | 542 |
| Tangible fixed assets | 1.562 | 1.900 |
| Investments in Group companies | 62 | 62 |
| Long-term financial investments | 46 | 46 |
| Deferred tax assets | 1.039 | 874 |
| CURRENT ASSETS | 1.100.203 | 1.147.036 |
| Inventories | 5 | 21 |
| Trade debtors and other accounts receivable | 1.099.315 | 1.146.735 |
| Associated members | 972.167 | 1.014.895 |
| Other debtors | 127.142 | 131.745 |
| Personnel | 6 | 5 |
| Current tax assets | 0 | 90 |
| Short-term financial investments | 36 | 46 |
| Short-term accruals | 799 | 194 |
| Cash and other cash equivalents | 48 | 40 |
| Treasury | 48 | 40 |
| TOTAL ASSETS | 1.104.974 | 1.150.460 |
Balance sheet as of December 31, 2025
(in thousands of euros)
| NET EQUITY AND LIABILITIES | 2025 | 2024 |
|---|---|---|
| NET EQUITY: OWN FUNDS | 39.772 | 39.652 |
| Capital | 1.681 | 1.849 |
| Reserves | 38.126 | 37.616 |
| Legal and statutory | 4.397 | 4.431 |
| Other reserves | 33.729 | 33.185 |
| Treasury shares | (3.837) | (3.573) |
| Profit | 3.802 | 3.760 |
| CURRENT LIABILITIES | 1.065.202 | 1.110.808 |
| Short-term provisions | 1.549 | 1.399 |
| Short-term debts | 100.131 | 73.581 |
| Debts with credit institutions | 100.131 | 73.581 |
| Short-term debts with group companies | 39 | 38 |
| Trade creditors and other accounts payable | 963.166 | 1.035.751 |
| Debts for purchases or services | 613.009 | 692.181 |
| Associated members creditors for various items | 341.285 | 336.281 |
| Unpaid remuneration | 2.056 | 2.102 |
| Current tax liabilities | 105 | 0 |
| Other debts with Public Administrations | 6.711 | 5.187 |
| Short-term accruals | 317 | 39 |
| TOTAL NET EQUITY AND LIABILITIES | 1.104.974 | 1.150.460 |
Profit and loss account for the financial year 2025
(in thousands of euros)
| 2025 | 2024 | |
|---|---|---|
| Net turnover | 1.193.633 | 1.191.502 |
| Sales | 590 | 564 |
| Provision of services | 1.193.043 | 1.190.938 |
| Work performed by the company for its assets | 282 | 0 |
| Supplies | (1.171.912) | (1.170.633) |
| Merchandise consumed | (589) | (554) |
| Other supplies | (1.171.323) | (1.170.079) |
| Personnel expenses | (10.202) | (9.485) |
| Salaries, wages and similar items | (8.303) | (7.721) |
| Social charges | (1.899) | (1.764) |
| Other operating expenses | (6.212) | (5.796) |
| External services | (58) | (5.736) |
| Taxes | - | 60 |
| Losses, impairment and changes in provisions for trade operations | (192) | - |
| Other current management expenses | (150) | 0 |
| Depreciation of fixed assets | (779) | (761) |
| OPERATING RESULT | 4.810 | 4.827 |
| Financial income | 888 | 1.094 |
| From marketable securities and other financial instruments with third parties | 888 | 1.094 |
| Financial expenses | (746) | (909) |
| For debts with third parties | (746) | (909) |
| FINANCIAL RESULT | 142 | 185 |
| RESULT BEFORE TAX | 4.952 | 5.012 |
| Income tax | (1.150) | (1.252) |
| RESULT FOR THE YEAR | 3.802 | 3.760 |
Statement of changes in equity for the financial year 2025
A) Statement of recognized income and expenses
(in thousands of euros)
| 2025 | 2024 | |
|---|---|---|
| Results from the income statement | 3.802 | 3,760 |
| Total income and expenses directly recognised in equity | - | - |
| Total transfers to the income statement | - | - |
| Total recognised income and expenses | 3.802 | 3,760 |
Statement of changes in equity for the financial year 2025
B) Total statement of changes in equity
(in thousands of euros)
| Capital | Legal reserve |
Statutory reserve |
Other reserves |
Treasury shares |
Profit for the year |
TOTAL | |
|---|---|---|---|---|---|---|---|
| BALANCE AT START OF 2023 | 1,849 | 370 | 4,061 | 30,528 | (2,535) | 1,641 | 35,914 |
| Total recognised income and expenses | - | - | - | - | - | 3,711 | 3,711 |
| Distribution of prior year result | - | - | - | - | - | - | - |
| To available reserves | - | - | - | 318 | - | (318) | - |
| To dividends | - | - | - | - | - | (1,323) | (1,323) |
| Acquisition of treasury shares | - | - | - | - | - | - | - |
| ENDING BALANCE 2023 | 1,849 | 370 | 4,061 | 30,846 | (2,535) | 3,711 | 38,302 |
| Total recognised income and expenses | - | - | - | - | - | 3,760 | 3,760 |
| Distribution of prior year result | - | - | - | - | - | - | - |
| To available reserves | - | - | - | 2,339 | - | (2,339) | - |
| To dividends | - | - | - | - | - | (1,372) | (1,372) |
| Acquisition of treasury shares | - | - | - | - | (1,038) | - | (1,038) |
| ENDING BALANCE 2024 | 1,849 | 370 | 4,061 | 33,185 | (3,573) | 3,760 | 39,652 |
Cash flow statement for the year 2025
(in thousands of euros)
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | (21.181) | (66.793) |
| Profit before tax | 4.952 | 5.012 |
| Adjustments to profit | 505 | 215 |
| Depreciation of fixed assets | 779 | 761 |
| Work performed by the company for its assets | (282) | - |
| Change in provisions | 150 | (361) |
| Financial income | (888) | (1.094) |
| Financial expenses | 746 | 909 |
| Changes in working capital | (25.660) | (70.917) |
| Inventories | 16 | (19) |
| Debtors and other accounts receivable | 47.330 | (64.495) |
| Other current assets | (595) | (69) |
| Creditors and other accounts payable | (72.690) | (6.331) |
| Other current liabilities | 279 | (3) |
| Other cash flows from operating activities | (978) | (1.103) |
| Interest paid | (746) | (909) |
| Interest received | 888 | 1.094 |
| Receipts (payments) for income tax | (1.120) | (1.288) |
| CASH FLOWS FROM INVESTING ACTIVITIES | (1.679) | (1.158) |
| Payments for investments | (1.679) | (1.158) |
| Intangible fixed assets | (141) | (517) |
| Tangible fixed assets | (1.538) | (632) |
| Financial investments | - | (9) |
| Receipts from disposals | - | - |
| Other financial assets | - | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | 22.868 | 65.920 |
| Receipts and payments for equity instruments | (2.273) | (1.038) |
| Acquisition of own equity instruments | (2.273) | (1.038) |
| Receipts and payments for financial liability instruments | 26.550 | 68.330 |
| Issuance of other debt | 42.364 | 70.436 |
| Repayment and amortisation of debts with credit institutions | (15.814) | (2.106) |
| Payments for dividends and remuneration of other equity instruments | (1.409) | (1.372) |
| Dividends | (1.409) | (1.372) |
| NET INCREASE/DECREASE IN CASH OR CASH EQUIVALENTS | 8 | (2.031) |
| Cash or cash equivalents at beginning of the year | 40 | 2.071 |
| Cash or cash equivalents at year end | 48 | 40 |