Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 3

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 3
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 Latin America and EMEA.

Financial Performance and Leverage

Adjusted EBITDAfor the fourth quarter
of 2024 was EUR 526 million with a 26.6% margin, an increase of an 18.5% compared to the same quarter last year. Adjusted EBITDA for
the full year 2024 achieved EUR 1,779 million, with a margin of 24.7%, primarily being driven by volume growth in Biopharma and continuous
CPL and yield improvement due to the successful execution of the Operational Improvement Plan.

Reported EBITDAfor the fourth quarter
was EUR 482 million (24.4% margin). In the full year, it increased by 32% up to EUR 1,631 million, at a 22.6% margin.

Free Cash Flow exceeded guidance significantly,increasing to EUR positive 335 million in the fourth quarter and EUR 266 million for the full year driven primarily by EBITDA expansion
and improved working capital management across the supply chain.

Deleveragingprogress continues at pace.
Leverage ratio in 2024 declined from 6.8x in the first quarter of 2024 to 4.6x by the end of 2024 (4.5x at constant currency). As of
December 31, 2024, Grifols had a liquidity position of approximately EUR 1.9 billion.

Reported Net Profitincreased ~271% in
2024 to EUR 157 million, almost tripling.

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Alternative Performance Measures (APMs)

This document contains the following Alternative
Performance Measures (APMs): Consolidated EBITDA Reported, Consolidated EBITDA Adjusted, Leverage Ratio as per the Credit Facility, Net
Debt as per the Credit Facility, Free Cash Flow, Working Capital, and non-recurring items. For further details on the definition, explanation
on the use, and reconciliation of APMs, please see the Appendix of the Presentation as well as the “Alternative Performance Measures”
document from our website .

CONFERENCE CALL

Grifols will host a conference call today, Wednesday
February 26, 2025, at 6:30pm CET / 12:30pm EST to provide a Business Update and its Fourth Quarter 2024 Financial Results. To view
and listen to the webcast and view the presentation, click on or visit the website .
Participants are advised to register in advance of