A drinks group headquartered in Madrid
Mahou San Miguel is a Spanish drinks and services group whose parent company is Mahou, S.A., registered at Calle Titán 15, Madrid. The group encompasses brewing, water, distribution and other activities; Mahou is also a beer brand. This distinction matters when reading the figures: the 2025 results presented here relate to the group as reported by the company, rather than sales of one brand or the parent company alone. Its corporate organisation policy expressly identifies Mahou, S.A. as the group parent. Mahou: corporate organisation policy, 23 November 2023, PDF p. 1; Mahou, S.A.: legal identity and registered office.
Origins: the family, the company and brewing
The company dates its brewing origins to Madrid in 1890 and highlights Brígida Solana and her children, who continued the project of Casimiro Mahou Bierhans after his death. Madrid’s historical notarial archive provides a more precise chronology: Alfredo, Enrique, Luis and Carolina Mahou Solana executed the Hijos de Casimiro Mahou deed on 30 October 1889 for ice, colours and varnishes. An amendment on 9 May 1890 added brewing; the first brew took place on 1 February 1891. These are different milestones, rather than interchangeable dates for a single founding event. Mahou San Miguel: 2025 annual report, PDF p. 19; Community of Madrid: 1889 Hijos de Casimiro Mahou deed, PDF p. 13; Community of Madrid: 1889 Hijos de Casimiro Mahou deed, PDF p. 16.
From Amaniel to a group of brands
Production moved from the historic Amaniel street factory to Paseo Imperial in 1962 and to Alovera, Guadalajara, in 1993. The acquisition of San Miguel in 2000 shaped the current group; Alhambra joined in 2007 and Solán de Cabras in 2011, expanding the business into mineral water. Expansion in the United States added Founders and Avery. The results announcement confirms that full ownership of both was completed in 2025, which should be distinguished from the earlier minority or majority interests. The old Amaniel building belongs to the business’s industrial history and is not its current headquarters. Mahou San Miguel: activities, history and management; Mahou San Miguel: 2025 results, 29 June 2026.
Family ownership and group structure
Mahou San Miguel describes itself as a family-owned, independent company with wholly Spanish capital. The consulted information does not provide a complete current register of individual shareholdings, so personal ownership percentages are not assigned here. The 2025 structure places companies including Cervezas Mahou, Cervezas San Miguel, Cervezas Alhambra, Agua de Solán de Cabras, Voldistribución and Taisa Logistics 1960 under Mahou, S.A. Trading names and operating entities serve different purposes. Subsidiary revenues should not be added to the group total or used to count these businesses as additional independent groups. Mahou San Miguel: activities, history and management; Mahou San Miguel: 2025 annual report, PDF p. 20; Mahou: corporate organisation policy, 23 November 2023, PDF p. 1.
Production, distribution and hospitality services
The model combines drinks manufacturing and sales with an owned distribution network and independent distributors. Voldis handles customer distribution and Taisa provides logistics activities. Relationships with bars and restaurants include digital tools, technical services and experiences as well as products. The annual report describes Nexho as a hospitality platform and discusses +Bar services. Diversification broadens both the commercial relationship and the work performed across the group: production, warehouses, transport, sales and technical support coexist, although this does not mean every site has the same organisation or occupational exposures. Mahou San Miguel: 2025 annual report, PDF p. 24; Mahou San Miguel: 2025 annual report, PDF p. 49; Mahou San Miguel: 2025 annual report, PDF p. 91.
Owned brands and distribution agreements
Mahou, San Miguel, Alhambra and Reina are part of the brewing business, alongside La Salve, Nómada, Founders and Avery. Mineral water includes Solán de Cabras and Fonteide. The company also sells third-party brands under agreements: distributing Corona, Budweiser or Stella Artois does not make Mahou San Miguel their owner. New propositions presented in 2025 included Refeel and Los Cachis. Café 170º was developed during that year, but the report places its commercial launch in January 2026. Distinguishing ownership, distribution, announcement and launch prevents overstating the portfolio or bringing forward new-business results. Mahou San Miguel: 2025 annual report, PDF p. 25; Mahou San Miguel: 2025 annual report, PDF p. 48; Mahou San Miguel: 2025 results, 29 June 2026.
The industrial network and markets in 2025
At the end of 2025, the report counted twelve breweries, nine in Spain and three in the United States, together with four springs and a presence in 74 markets. Alovera, Burgos, Málaga and Granada illustrate the Spanish industrial footprint; Grand Rapids and Boulder locate the US operations. Market presence does not mean factories or owned companies in 74 countries. The results announcement records global sales of 20.2 million hectolitres, down 2.4% from 2024. This sales measure should not be presented as production exclusively at Spanish factories or as the volume of a single brand. Mahou San Miguel: 2025 annual report, PDF p. 28; Mahou San Miguel: activities, history and management; Mahou San Miguel: 2025 results, 29 June 2026.
Revenue and results for the latest full year
For 2025, Mahou San Miguel reported revenue of €1,895.6 million, down 1.9% from the previous year. EBITDA was €306 million, up 1.9%, while net profit was €100.3 million, down 12.6%. Revenue agrees between the annual report and the announcement of 29 June 2026. It is used as a corporate-reported group figure: audited consolidated accounts were not obtained to verify the accounting line. The general meeting notice distinguishes Mahou, S.A.’s individual accounts from the group’s consolidated accounts. EBITDA and net profit describe different results, so their movements do not support a claim of uniformly improved financial performance. Mahou San Miguel: 2025 results, 29 June 2026; Mahou San Miguel: 2025 annual report, PDF p. 7; Mahou, S.A.: 2026 general meeting notice, PDF p. 1.
Workforce and training: what the figures measure
The report gives a year-end 2025 workforce of 4,444 professionals, compared with 4,419 in 2024. Its geographical breakdown includes 3,981 in Spain and 425 in the United States, plus smaller teams in other countries. This is a year-end headcount, not an annual average or full-time-equivalent measure. The report declares 132,817 training hours for 3,883 professionals and €2 million invested in training. These are general training figures and should not be reused as hours devoted exclusively to occupational health and safety. Diversity policies and harassment prevention protocols complete the employment framework described by the company. Mahou San Miguel: 2025 annual report, PDF p. 80; Mahou San Miguel: 2025 annual report, PDF p. 82; Mahou San Miguel: 2025 annual report, PDF p. 83; Mahou San Miguel: 2025 annual report, PDF p. 86.
Current management and announced succession
The corporate website checked on 8 November 2026 identifies José Antonio Mahou Herráiz as chairman, Eduardo Petrossi Valdés as chief executive officer, representing Tamarinver, S.L.U., and Alberto Rodríguez-Toquero as managing director. On 27 May 2026, the company announced Peio Arbeloa’s immediate appointment as deputy managing director and his planned succession to Rodríguez-Toquero in January 2027. At this profile’s review date, the latter remains an announced succession, rather than a completed change. Distinguishing the chair, chief executive and managing director roles avoids assigning all governance and management positions to one person. Mahou San Miguel: activities, history and management; Mahou: management succession announced on 27 May 2026.
The group’s prevention responsibilities and participation
The policy approved by the board on 23 November 2023 assigns development of the model to the Prevention, Health and Wellbeing Department, reporting to the People and Organisation General Directorate. It includes hazard identification, risk assessment and control, training, integration into management and worker participation. Prevention criteria also extend to suppliers through works, services and supply contracts. This is a company-specific policy that identifies responsibilities and commitments; it does not, by itself, establish implementation of every measure at every site. Its reference to ISO 45001 describes the management framework and does not replace a certificate with a verifiable scope and validity period. Mahou: prevention, health and wellbeing policy, 23 November 2023, PDF p. 1.
Cross-site committee, equipment and annual planning
Mahou, S.A.’s 2024–2028 collective agreement, published in the BOE, sets specific obligations for that company’s employees in Spain. Articles 38 and 39 establish a cross-site health and safety committee with five worker prevention representatives, five company representatives and prevention service specialists. Its duties include workplace visits, examining housekeeping, environmental conditions, machinery and processes, and proposing measures. It must receive information about equipment and designs used in production, and an annual health and safety plan is provided for. These negotiated obligations do not automatically extend to every group subsidiary or, without further evidence, establish effective implementation. BOE: Mahou, S.A. collective agreement, 2024–2028, PDF p. 1; BOE: Mahou, S.A. collective agreement, 2024–2028, PDF p. 21.
Health surveillance, shifts and Alovera
Article 40 of the agreement provides for annual medical examinations, or more frequent examinations when risks require them, with privacy protection and mandatory participation limited to the specified circumstances. For night workers, it provides for examinations suited to that activity, access to training, and information about health effects and accident prevention. A separate primary source, SESCAM’s training-partner brochure published in October 2025, identifies Mahou San Miguel’s in-house prevention service at Alovera as an occupational health rotation setting. It describes learning in food-industry occupational medicine and ergonomic assessment of automated packaging lines. This documents a specific site activity without quantifying injuries prevented. BOE: Mahou, S.A. collective agreement, 2024–2028, PDF p. 21; BOE: Mahou, S.A. collective agreement, 2024–2028, PDF p. 22; SESCAM: occupational health training partners, October 2025, PDF p. 6.
Emotional support teams and return to work
The 2025 report describes the launch of Brigadas emocionales: around fifty employee volunteers trained in emotional first aid and active listening to provide confidential initial support. They complement psychological support services and initiatives such as Gimnasio Emocional and Club del Ikigai. The report also attributes a one-percentage-point reduction in absence due to non-occupational illness and a 17% fall in lost working days during January–July 2025 to its Return to Work Programme. These are company-reported outcomes for non-occupational illness and that period, rather than an independent causal assessment or an annual reduction in accidents. Emotional support also does not amount to assessing and correcting organisational conditions that create psychosocial risk. Mahou San Miguel: 2025 annual report, PDF p. 86; Mahou San Miguel: 2025 annual report, PDF p. 87.
Accidents in 2025 and limits of the indicators
The report records 203 occupational accidents in 2025: 135 involving time off work, including 111 men and 24 women, and 68 without time off. It also reports one absence due to occupational disease. It publishes a frequency index of 19.93 and a severity index of 0.67, but the section does not sufficiently specify formulas, reference hours, treatment of commuting accidents or contractor inclusion. These are therefore retained as reported values, without converting them to TRIR or LTIFR or comparing them with other companies. One occupational-disease absence is also not a count of all diagnoses. These injuries and absences show why policies and programmes must be read alongside recorded harm, rather than as evidence that risk is absent. Mahou San Miguel: 2025 annual report, PDF p. 86.
Certification and audits: the documented scope
The report mentions ISO 45001:2018 but does not attach a certificate in that section showing its number, certification body, included sites and validity dates. The documents obtained do not establish universal certified coverage across the group. Separately, the company reports SMETA audits at Candelaria and Burgos, covering employment, health and safety, ethics and environmental matters. This is a corporate statement about those two sites; the full findings reports were not obtained. SMETA is not presented here as ISO certification or as assurance over the entire supply chain. This distinction recognises the available evidence without assigning controls or results to unidentified sites. Mahou San Miguel: 2025 annual report, PDF p. 87; Mahou San Miguel: 2025 annual report, PDF p. 93.
Digital transformation and environmental projects
The report describes more than three hundred ongoing transformation initiatives and the Avanzamos programme, which supported more than 130 in 2025. That total does not mean three hundred artificial intelligence projects. Digital uses include demand planning and tools for hospitality customers. On the industrial side, the report records the start of a biomass plant project in 2025 to supply thermal energy to Alovera. Its planned emissions reductions and commissioning timetable are project objectives, rather than results certified by this profile. Digitalisation and decarbonisation can change equipment and tasks; the consulted sources do not quantify their causal effect on occupational injuries. Mahou San Miguel: 2025 annual report, PDF p. 51; Mahou San Miguel: 2025 annual report, PDF p. 67.
What the case helps explain
The case brings together a long-established family business, an international industrial network and expanding hospitality services. In 2025, lower revenue and volume coexisted with higher EBITDA, while diversification and management succession shaped the subsequent agenda. For occupational health and safety, the most useful evidence combines group commitments, negotiated obligations for a specific legal entity, prevention activities identified at Alovera and harm figures with explicit methodological limits. The related articles explore ergonomics, psychosocial assessment and interpretation of indicators. These are editorial reading suggestions; this profile does not claim a commercial relationship between Mahou San Miguel and Sabentis. Mahou San Miguel: 2025 results, 29 June 2026; Mahou: management succession announced on 27 May 2026; Mahou: prevention, health and wellbeing policy, 23 November 2023, PDF p. 1; SESCAM: occupational health training partners, October 2025, PDF p. 6; Mahou San Miguel: 2025 annual report, PDF p. 86.
Frequently asked questions
Are Mahou San Miguel and Mahou, S.A. the same?
Mahou San Miguel identifies the drinks and services group; Mahou, S.A. is its parent. Mahou is also a beer brand. Group figures are not equivalent to that brand’s sales or the parent’s individual accounts. [1] · [2]
Who started the business and when?
The corporate history highlights Brígida Solana and her children in the 1890 brewing origins. Madrid’s archive documents the Hijos de Casimiro Mahou company deed executed by Alfredo, Enrique, Luis and Carolina on 30 October 1889, the addition of brewing in May 1890 and the first brew in February 1891. [1] · [2]
What was group revenue in 2025?
It reported €1,895.6 million, down 1.9% from 2024. The figure agrees between the annual report and the June 2026 results announcement. It is presented as corporate-reported group revenue, without claiming that it was checked here against audited consolidated accounts. [1] · [2]
Who currently leads Mahou San Miguel?
As of 8 November 2026, José Antonio Mahou Herráiz is listed as chairman, Eduardo Petrossi Valdés as chief executive officer, representing Tamarinver, S.L.U., and Alberto Rodríguez-Toquero as managing director. Peio Arbeloa is deputy managing director, with succession to the managing director role announced for January 2027. [1] · [2]
Which company-specific health and safety activities are documented?
The prevention policy assigns responsibilities and covers assessment, participation and suppliers. Mahou, S.A.’s agreement regulates the cross-site committee, annual plan and health surveillance, including night work. SESCAM identifies occupational medicine and ergonomics at Alovera; the report describes emotional support teams and the Return to Work Programme. Their scopes and evidence types differ. [1] · [2] · [3] · [4]
What are the limits of the accident and certification evidence?
The report declares 203 occupational accidents in 2025, 135 involving time off, and frequency and severity indices without enough methodological detail for external comparisons. It mentions ISO 45001:2018, but a full certificate identifying sites and validity was not obtained. The SMETA audits reported at Candelaria and Burgos are not equated with universal group certification. [1]
