While the European real estate sector is proceeding cautiously due to interest rates, Montebalito has decided to send a message: The developer, one of the few companies from the Canary Islands listed in Madrid, closed 2025 with a net profit of €3,5 million, representing a stratospheric 157% increase over the previous year. With revenues of €7,4 million and EBITDA climbing to €3,2 million, the company demonstrates not only operational efficiency but also a surgical ability to convert its land into real value.
The 2025 financial results confirm that the heart of the business lies in pure promotion, which already generates 87% of its revenue. However, the real news isn't the revenue itself, but where it plans to invest it: Montebalito has set its sights on the Canary Islands, making the archipelago the central focus of its expansion strategy for 2026.
The investment in Gran Canaria is not accidental. In the municipality of Mogán, the company is on the verge of unlocking massive revenue potential with the completion of the Calas de Gran Canaria (Polygon 24) development. This project is the key: once it is officially accepted by the City Council, it will open the floodgates for applying for licenses for hotels, residential villas, and tourist apartment complexes. It is, in essence, the creation of a new luxury hub in one of the world's most sought-after microclimates.
No less ambitious is its foray into San Bartolomé de Tirajana. In the exclusive San Agustín area, the developer is already processing a modification to the Partial Plan to build a complex of 55 tourist apartments. In a context of scarcity of developable land on the beachfront, Montebalito's move puts the company in a competitive advantage over large institutional funds.
Despite its focus on the Canary Islands, Montebalito maintains a diversified portfolio structure that mitigates regional risks. In Seville, the company is expanding into the hospitality sector with an 85-room hotel in La Cartuja, an asset that already has guaranteed profitability thanks to a 15-year lease agreement.
Internationally, the developer is capitalizing on its strong performance in Brazil and the Dominican Republic. The project in Praia dos Carneiros, with an estimated sales value of €20 million, and the progress of the monumental Torre Veiramar III in Santo Domingo, confirm that the company has the necessary resources to compete on a global scale.
Montebalito has transformed from a niche developer into an asset manager with enviable profitability. By focusing its growth in the Canary Islands, the company is aligning itself with the recovery of high-end tourism and the demand for foreign second homes. With a controlled cost structure and rising EBITDA, the challenge for 2026 will be administrative efficiency: the success of its plan in Mogán and San Bartolomé will depend on the speed of obtaining municipal permits to convert land into dividends.
