Iryo 2023 Financials: Loss, Revenue, and Expansion in Spain’s High-Speed Rail

Iryo was forecast to post a €79 million loss for 2023, extending the €25 million deficit carried from the previous year. In 2022 the company operated only in the final weeks, while 2023 marked a full year of service. The latest annual accounts, filed at the Trade Registry and accessed through Infoempresa, show revenue reaching 212 million euros in 2023, up from 4.8 million the year before. The operating result was negative at 67 million euros, despite moving about 6 million passengers on its trains during 2023 and achieving an average occupancy of 65.7 percent of seats. These figures come from the annual accounts consulted via Infoempresa and deposited with the Trade Registry, as reported by Europa Press.