Elecnor Group increases its net profit by 27.3% in the first nine months of the year

In the first nine months of 2026, Grupo Elecnor achieved a consolidated net profit of EUR 102.9 million, 27.3% more than in the same period of the previous year, thereby consolidating the growth trend recorded in recent quarters. 

This performance reflects a structural improvement in the Group's profitability, underpinned by the strength of the Services business and the improvement in Project margins. Contributing to this is the progress towards advanced execution phases of several projects developed by the Group in Latin America, which makes it possible to progressively reduce associated risks. All of this is the result of the Group's sound operational performance and progress in the objectives of the 2025-2027 Strategic Plan, focused on increasing margins and cash generation.

EBITDA grew by 16.4% to reach EUR 215.8 million, driven by growth in both the Services area, which increased by 14% and contributed EUR 115.1 million, and the Projects area, which grew by 38.4% to EUR 122.1 million.

Turnover stood at EUR 3,143.2 million, in line with the same period of the previous year. The international market accounts for 51% of sales and the domestic market for the remaining 49%.

The executable production backlog for the next 12 months stands at EUR 2,990.5 million, up 5.1% on the close of 2025.

Figures by activity segment

Within the framework of the current organisational structure, Grupo Elecnor has three activity segments, by virtue of the responsibilities assumed in its three General Business Management areas: Services, Projects, and Concessions and Own Projects.

In the Services segment, Grupo Elecnor integrates energy distribution, telecommunications, maintenance and installation services, which are essential for generating change and well-being in society. In this business area, Grupo Elecnor has obtained an EBITDA of EUR 115.1 million (+14%) and sales of EUR 1,925.5 million (+14%). 73.9% of turnover comes from the domestic market and the remaining 26.1% from the international market. The EBITDA margin on sales in the first nine months of 2026 stands at 6%.

The Projects area comprises the construction, operation and maintenance projects for clean energy generation and transmission infrastructures worldwide, improving living conditions for communities and fostering sustainable development. In the first nine months of 2026, this segment posted an EBITDA of EUR 122.1 million (+38.4%) and a turnover of EUR 1,222.6 million (-15.7%), the fundamental pillar of which is the international market, representing 90.6% of sales, while the domestic market accounts for 9.4%. The EBITDA margin on sales reaches 10%. 

The improvement in this segment's profitability is due not only to the natural performance of ongoing projects, but also to disciplined execution, appropriate risk management and progress in one of the main objectives of the Strategic Plan: to sustainably increase margins and value creation per project. In addition, several of the projects in Latin America have reached advanced execution phases, naturally reducing certain construction risks and allowing for a positive trend in margins. 

Finally, in the Concessions and Own Projects segment, Grupo Elecnor is engaged in the development and operation of projects aimed at long-term stability and profitability through concession contracts and strategic investments in its own projects, reinforcing its portfolio of energy transmission and generation infrastructures, boosting the Group's long-term value. This segment is divided between Celeo and the Group's Development and Investment activity.

Celeo is a company 51% owned and jointly managed with APG, one of the world's largest pension funds, which participates in 7,949 km of electricity transmission lines in Chile, Brazil and Peru, in operation and under construction, as well as 345 MW of renewable energy (photovoltaic and solar thermal) in Spain and Brazil. The total operating assets managed amounted to approximately EUR 6,000 million at the close of financial year 2025. 

At the close of September 2026, Celeo achieved an EBITDA of EUR 172.3 million, representing an 11% increase compared to the same period of the previous year (figures at 100%, prior to its integration into Grupo Elecnor's accounts). 

This Concessions and Own Projects area also includes the Development and Investment activity. In this regard, Grupo Elecnor maintains its strategy of long-term value generation through the promotion and investment in new businesses, selecting high added-value geographies and technologies, and searching for unique and highly profitable projects in both the domestic and international markets. This activity involves the identification, analysis and development of new investment opportunities, the costs of which are recorded in the Group's financial statements as the promotion processes progress.

Grupo Elecnor on the stock exchange

Throughout the first nine months of 2026, the share price of Grupo Elecnor on the stock exchange grew by 22.5% to close the period at a price of EUR 29.95 per share, reflecting the confidence of shareholders and investors in the company's Strategic Plan and reinforcing the Group's value proposition.  

The cash generation of the businesses, as well as the financial assets held by the Group, reinforce the commitment made to distribute more than EUR 220 million in dividends over the three-year period of the 2025-2027 Strategic Plan.