Good afternoon, everyone, and welcome to Logista's H1 results presentation. I'm Isabel Troya, Head of IR for Logista, and today, Pedro Losada, our CFO, will walk you through the highlights and the results obtained during the first half of the year 2025. At the end of the presentation, we will have a Q&A session where we will answer the questions submitted through the platform. You may write your questions at any time during the presentation. Now, Pedro will go through the highlights of the period. Pedro, if you may, you can proceed with the results.
Thank you, Isabel, and good afternoon to everyone connected today for our results presentation. During the first half of 2025, we have achieved a robust set of results thanks to the growth of different business lines backed by a strong profit on inventory recorded for the period after tax and retail price movements in all three regions. As we mentioned in our first quarter of 2025, the results in the transportation business, particularly in Transportes El Mosca and the frozen segment, have suffered from a macroeconomic situation which, among others, has resulted in lower European demand. As part of our efforts to improve operations, we are in the process of implementing different measures and improvements in El Mosca and in Carbó Collbatallé. In relation to our ESG commitment, we will update you with the KPIs for the period in regard to our 2024-2026 sustainability plan.
In the following pages, I will give you further details on these main highlights. Within the macroeconomic situation for the year, inflation has continued to improve alike during 2024, resulting in substantial interest rate cuts by the European Central Bank, ending the period with a reference rate of the ECB at 2.65% versus 4.5% during the same period for 2024. Looking into our results, we have recorded increases in most of our businesses. Economic sales increased by 6% year-on-year, reaching a total of EUR 916 million. In terms of the split per area, Iberia reached economic sales of EUR 606 million, Italy recorded EUR 213 million, and France EUR 101 million, adjusted debit raised by 5% to EUR 202 million. This figure includes a relevant profit on inventory, even higher than the figure obtained for the full year 2024.
For the period, changes in tobacco taxes and prices led to a total profit on inventory of EUR 46 million. Net profit reached EUR 151 million, a 5% decline compared to last year given the lower interest rates recorded for a period. Later on, we will dive deeper into each of the regions. As I have just mentioned, during the period, we have recorded a total of EUR 46 million as profit on inventory. All three regions have had changes in taxes and in retail price. In Spain, excise tobacco taxes have been raised significantly compared to the small changes made in 2022 and 2023. Furthermore, the government has imposed for the first time taxes on products which have nicotine but do not have tobacco, such as vaping products or nicotine pouches.
The average equivalent tax increase for traditional tobacco has been around EUR 0.20 per pack, to which manufacturers have responded with price increases up to EUR 0.40 per pack. In Italy, there have also been increases in taxes and prices. The equivalent tax increase for traditional tobacco has been around EUR 0.10 per pack, with a subsequent increase in retail prices of between EUR 0.10 and EUR 0.30 per pack. Lastly, in France, the government continued with its strategy to increase tobacco taxes to reduce consumption, although at a lower rate than previous years. This year, the equivalent tax increase for traditional tobacco has been around EUR 0.25 per pack, with manufacturers increasing prices by EUR 0.50 per pack. The relevance of the profit on inventory for the year has partially compensated the lower financial income and lower performance of the long-haul transportation business.
Since we acquired 100% of Transportes El Mosca, we have been putting in place different measures to optimize the company. Firstly, we put in place a new management to lead the company for the future. As a second measure, we have implemented Logista's control measures and compliance procedures to safeguard daily operations and improve governance within the company. We have also worked on improving the quality of the analytical data to allow for better-informed decisions. Furthermore, following Logista's financial discipline, we are taking different actions to improve the profitability of the company. Some measures include analyzing and optimizing the client mix, focusing on clients who demand international transportation.
Within El Mosca, I would like to mention that we are working on completing the optimization between El Mosca's road transportation business and Logista Freight, where Logista Freight is taking over the fleet planification and route assignment, implementing further cross-selling actions with pharma business and allocating free capacity of El Mosca to Freight to optimize the use of the vehicles. I would also like to mention Carbó. As we said on our first quarter results, frozen transportation has suffered a certain slowdown during the period, and here we are also implementing measures to improve profitability and operations within the company. Moving on to our sustainability highlight, I will give you some details on the advancement of our sustainability plan 2024-2026. In environmental matters, we remain committed to decarbonizing our fleet, given that 97% of our emissions result from transportation services.
We have continued to increase the kilometers rolled by Euro 6 vehicles, reaching 85% of total kilometers on track to reach our 2026 target. In circular economy matters, we started an initiative to recycle NGP devices last year by installing recycling boxes in tobacconists and managing the entire recycling process. As you may recall, this initiative was first launched in Italy with an agreement with the Tobacconists Association and the Ministry of Health, and we started the same initiative in Spain and France at the end of last year. Among the three countries, we currently have more than 32,400 points of sales added to the initiative at the end of the semester. In social matters, we consider talent to be one of the key elements to achieve success and to secure competitiveness within the business.