What Fluidra does
Fluidra is a Spanish pool and wellness equipment group headed by Fluidra, S.A., based in Sant Cugat del Vallès, Barcelona. The parent holds investments and manages operating companies; manufacturing and sales take place across the group. This profile uses its worldwide 2025 consolidated accounts, rather than the parent company’s individual income or a Spain-only perimeter. (2025 accounts: company and group (p. 447))
Its range includes pumps, filters, heaters, cleaners, valves, lighting, covers and water treatment. Customers use its equipment in residential pools as well as public facilities, hotels, sports centres and water parks. Its business therefore combines manufacturing, professional distribution and project solutions. (2025 business model and product lines (pp. 18–21))
From Astral to the Zodiac merger
The business traces its roots to Astral Construcciones Metálicas, founded in Barcelona in 1969 by Joan Planes and partners from the Serra, Corbera and Garrigós families. That origin differs from the present parent’s legal history: it was incorporated in Girona on 3 October 2002 as Aquaria de Inv. Corp., S.L. and adopted the Fluidra name on 17 September 2007. (Fluidra: Astral’s origins and founding families (2015); 2025 accounts: company and group (p. 447))
The 2018 merger with Zodiac particularly expanded its US presence. The 2025 report places subsequent product-range, industrial-network and organizational simplification within that integration process. Fluidra’s development is a story of businesses and brands coming together, rather than a single factory expanding under one commercial identity. (Zodiac integration and simplification (p. 48))
Ownership and group structure
At 31 December 2025, the report grouped 28.4% of equity under the founding families, including ADBE Partners’ 20.0% and additional holdings through their investment vehicles. Separately, it showed Rhône Capital at 11.7%, Schwarzsee at 8.8% and G3T at 5.7%. These are dated holdings, not a certification of today’s ownership. ADBE must not be added again to the founding-family total. (Ownership at 31 December 2025 (pp. 56–57))
The parent and its subsidiaries form the consolidated group, alongside investments accounted for by other methods. A brand or minority investment does not automatically constitute a consolidated subsidiary. For example, the report records an initial 27% investment in Aiper in 2025: this is a stake and strategic alliance, not the acquisition of the whole business. (2025 accounts: company and group (p. 447); Transactions and targets announced in 2025 (p. 15))
How it earns revenue and uses its brands
Fluidra sells equipment for new pools and the installed pool base. The latter market includes maintenance, spare parts, repairs and renovation, extending demand beyond construction. In 2025, the goods-and-products sales line comprised residential (€1,532.309m), commercial (€200.385m), water treatment (€320.807m), fluid handling (€93.492m), and irrigation, industrial and other activities (€36.716m). (2025 business model and product lines (pp. 18–21); Sales by activity and destination, note 22 (p. 497))
Its October 2026 communication lists brands including Jandy, AstralPool, Polaris, Cepex, Zodiac, CTX Professional and Gre. These serve different applications and markets; they are not interchangeable legal names for the listed company. This profile’s photograph shows a historical Polaris 360 rather than the current product range. (CNMV filing: nine-month results and Infinity, 29 October 2026; Bovineone: Polaris 360 photograph and public-domain release)
Geographic reach
Note 22 breaks down sales by destination: North America contributed €959.100m in 2025; Southern Europe €572.568m; the rest of Europe €288.069m; and the rest of the world €363.972m. These are the financial table’s regions and should not be mixed with broader internal groupings that place additional countries under commercial labels such as EMEA. (Sales by activity and destination, note 22 (p. 497))
The same note states that one US customer represented 21.00% of third-party sales. This concentration illustrates the importance of professional distribution and a specific commercial exposure, without naming a customer the note does not identify. International reach does not remove dependence on particular sales channels. (Sales by activity and destination, note 22 (p. 497))
2025 figures and comparison basis
The accounts separate €2,183.709m of goods-and-products sales from €37.376m of service income, mainly sales transport and logistics. This profile’s selection metric is their calculated sum of €2,221.085m, not a subtotal published under that label. Fluidra’s headline sales figure, rounded to €2,184m, uses the first line. It already includes €26.023m of commercial projects recognized by stage of completion, which must not be added again. (2025 consolidated income statement (p. 434); Sales by activity and destination, note 22 (p. 497); Service income, note 23 (p. 498))
The revenue criterion excludes €27.118m of the group’s work capitalized as assets. Including it gives the income statement’s €2,248.203m total operating income; this is not operating profit. Operating profit was €309.274m, after-tax profit €178.840m and profit attributable to the parent’s shareholders €176.026m. All amounts here are millions of euros for the full year ended 31 December 2025. (2025 consolidated income statement (p. 434))
Workforce and work organization
Fluidra reported 6,753 employees at year-end 2025, compared with 6,654 in 2024. Of these, 6,553 held permanent contracts and 200 temporary contracts; 6,579 worked full time and 174 part time. These are people, not full-time equivalents or all supplier workers. The reported gender breakdown was 4,405 men and 2,348 women. (2025 workforce and contracts (p. 176))
Preventive participation included 24 health and safety committees covering 74% of the global workforce. This does not mean the remainder lacked all preventive management: the percentage measures committee coverage, not the reach of the OSH management system. That distinction matters across factories, warehouses, offices and national organizations. (Non-employee injuries and committees (p. 210))
Pool innovation and digitalization
In 2025, Fluidra reported €64m of R&D investment combining CapEx and OpEx, approximately 3% of sales. This is not entirely an expense recognized in that year’s income statement. The report describes a new global R&D centre in China, more than 60 new patents and 1,601 active patents. Products launched in the previous five years accounted for 19% of sales under its corporate indicator. (2025 innovation and R&D (p. 25))
Digitalization includes tools for professionals such as PoolTrackr. In October 2026, the company described Infinity as a system connecting products, data and services, with innovations scheduled across 2026 and 2027. This is a development and launch programme; the sources do not demonstrate a reduction in occupational accidents attributable to these tools. (2025 innovation and R&D (p. 25); CNMV filing: nine-month results and Infinity, 29 October 2026)
Leadership and preventive accountability
The 2026 communications identify Eloi Planes as executive chairman and Jaime Ramírez as CEO. The May filing announced Juan Graham’s entry into finance leadership and the executive committee on 1 June, with Xavier Tintoré stepping down as CFO on 1 August. The leadership list in the 2025 annual report therefore needs to be read alongside subsequent changes. (CNMV filing: finance leadership, 28 May 2026; CNMV filing: nine-month results and Infinity, 29 October 2026)
For OSH, the report assigns oversight to the board, executive monitoring to the MAC and technical management to the global health and safety department. From September 2025, that department reported to the Chief People and Transformation Officer. Local managing directors’ responsibilities sit alongside common procedures and escalation of significant incidents. (OSH governance and risks (pp. 202–204))
Relevant occupational hazards
Manufacturing and storing pool equipment and products involves chemicals, manual handling, production processes and emergencies. Fluidra also identifies mishandling of flammable products and fire hazards associated with activities including welding. Its global procedures cover warehouses, chemicals, third parties, production and incident investigation. These workplace hazards are distinct from the safety of swimmers using the final product. (OSH governance and risks (pp. 202–204); Procedures, audits and health (pp. 205–207))
OSH management: coverage and certification
The 2025 coverage table distinguishes 14% under an ISO 45001-certified system and 86% under a system based on ISO 45001 and OHSAS but not certified. It does not support a claim of group-wide ISO 45001 certification. The report also describes MaSys, a 15-point self-assessment used to set improvement objectives, and Good Catch, a channel for reporting hazardous conditions before an incident occurs. (OSH coverage and employee injuries (p. 209); Procedures, audits and health (pp. 205–207))
MaSys was completed by 16 manufacturing companies, or 80% of that group, and 31 non-manufacturing companies, or 49%, against respective targets of 100% and 50%. Companies, workplaces and people are different denominators. The accident procedure includes immediate care, notification, interviews, reconstruction, causal analysis and corrective action, supported by dedicated OSH software. (Targets and MaSys self-assessments (p. 208); Procedures, audits and health (pp. 205–207))
Specific measures and audit findings
Fluidra Safety Day took place at 54 workplaces in 2025, with workshops on handling loads, evacuation and ergonomics. The report documents weekly physiotherapy in Maçanet, Spain, and free psychology and nutrition access for Fluidra Brazil employees from January 2025, with up to two consultations a month. These are local examples with defined coverage, not evidence of uniform availability or clinical effectiveness across the global workforce. (Procedures, audits and health (pp. 205–207))
The 2025 assessments identified five OSH non-conformities: two major findings on emergency exits and evacuation, one minor finding on first-aid kits, and two major findings on hazardous-substance storage. Corrective actions were defined. The report also says findings from previous-year audits were resolved, but that does not establish closure of all five new findings. (Procedures, audits and health (pp. 205–207))
Injuries: results and interpretation limits
For employees, Fluidra reported 54 occupational accidents in 2025, against 62 in 2024; 44 involved lost time, with 1,019 days lost. Across 12,568,061 hours worked, the recordable incident rate was 4.30 per million hours, equivalent to 0.86 per 200,000 hours. The 0.86 figure should not be compared directly with other companies’ rates calculated per million hours. (OSH coverage and employee injuries (p. 209))
For non-employees within its own workforce, it recorded five accidents across 406,874 hours, giving 12.29 per million hours versus 8.85 in 2024: fewer accidents in absolute terms, but a higher rate as the denominator fell. It reported no occupational fatalities or work-related ill-health cases in either group, and no fatalities among other value-chain workers at its sites. These are reported results within those boundaries, not a statement about the entire global supply chain. Some companies estimate hours where actual records are unavailable. (OSH coverage and employee injuries (p. 209); Non-employee injuries and committees (p. 210))
Climate and water: emissions versus commitments
Fluidra reported gross Scope 1 and market-based Scope 2 emissions of 11,757 tCO₂e in 2025. Its net figure of 6,262 tCO₂e deducts 5,495 tCO₂e from projects financed through certified credits; that is not the same as physically eliminating those emissions from operations. The report identifies use of sold products as the largest emissions source, at approximately 83% of the total. (Emissions and comparability limits (pp. 119–124))
Changes in transport data and methodology make some 2025 Scope 3 categories not directly comparable with 2024. Water Positive is also a stated commitment to return more water to the environment than operations use by 2030, rather than an achieved result. Assessing equipment efficiency and the business’s environmental footprint therefore requires examining products during use as well as manufacturing. (Emissions and comparability limits (pp. 119–124); Transactions and targets announced in 2025 (p. 15))
Regulatory action and product safety
OSHA records a March 2025 inspection of Fluidra USA, LLC in Jacksonville, with three serious violations in its summary, a current $29,790 penalty and case closure on 15 December 2025. One citation documents missing respirator fit tests during work inside commercial filters and records completed abatement. This is a site-specific case, not a finding about every location. (OSHA: inspection 1813694.015, Jacksonville; OSHA: respirator fit, citation 01001B)
In Australia, the ACCC published a July 2024 recall of certain Zodiac Z400 heat pumps run by Fluidra Group Australia. A capacitor failure could cause fire; an August update recorded property damage and free repairs. This concerns product safety, not occupational accidents or the entire Zodiac range. (ACCC: Zodiac Z400 heat-pump recall (2024))
Developments after the 2025 year-end
The 29 October 2026 filing reported €1,780m in January–September sales, up 4% at constant exchange rates. This is a nine-month update, not another completed financial year or a substitute for the 2025 accounts. It highlighted resilient aftermarket demand and weak new-build and renovation activity in some markets. Forecasts and planned launches remain separate from recorded results. (CNMV filing: nine-month results and Infinity, 29 October 2026)
Frequently asked questions
Was Fluidra founded in 1969 or 2002?
1969 marks the origin of Astral Construcciones Metálicas. The present parent was incorporated as Aquaria in 2002 and adopted the Fluidra name in 2007. These are different milestones. [1] · [2]
How much revenue did Fluidra generate in 2025?
It reported €2,183.709m in goods-and-products sales and a separate €37.376m in service income. This profile calculates their sum as €2,221.085m, excluding €27.118m of capitalized work. [1] · [2]
Are Zodiac and Polaris part of its portfolio?
Yes. The October 2026 filing includes both brands alongside Jandy, AstralPool, Cepex, CTX Professional and Gre. The Zodiac merger took place in 2018; a Polaris photo uploaded in 2006 does not establish Fluidra ownership at that time. [1] · [2] · [3]
Is the entire group ISO 45001-certified?
The 2025 table does not support that claim: it distinguishes 14% coverage under a certified system and 86% under a system based on ISO 45001 and OHSAS but not certified. [1]
Did every accident indicator improve?
No. The employee rate fell from 4.96 to 4.30 per million hours. The non-employee rate rose from 8.85 to 12.29 despite accidents falling from six to five, because hours worked also fell. [1] · [2]
Has Water Positive already been achieved?
The source presents it as a 2030 commitment to return more water to the environment than operations use. It is not an achieved result or a measure of all water used by customers in their pools. [1]
