The Elecnor Group exceeds EUR 80 million in profits at the end of the third quarter, in line with its new Strategic Plan
It has recorded an EBITDA of EUR 185 million (+96.4%) and turnover in excess of EUR 3,000 million (+18.1%).
At the end of the third quarter of 2025, the Elecnor Group recorded a net profit of EUR 80.8 million, 120.6% more than in the same period of the previous year (EUR 36.6 million) in terms of consolidated results from Continuing Operations. Nevertheless, last year the Elecnor Group also registered significant capital gains for the sale of Enerfín, which meant that the net profit achieved in that period rose to EUR 859.9 million.
Turnover stood at EUR 3,150.2 million, 18.1% higher than in the first nine months of 2024 (EUR 2,667.4 million). Gross operating profit (EBITDA) reached EUR 185.4 million, 96.4% more than in the same period last year (EUR 94.4 million).
The production portfolio executable over the next 12 months amounts to EUR 2,863.9 million, 5.7% higher than the production portfolio at the close of 2024.
Figures by business segments
During the first nine months of 2025, the Elecnor Group cemented the new organisational structure of the company, which was divided into three business areas (Services, Projects and Concessions and Proprietary Projects) with a greater capacity for adaptation and risk management.
In the Services segment, Elecnor includes the services of energy distribution, telecommunications, maintenance and installation, which are essential for driving development and creating opportunities around the world. In this business area, the Elecnor Group achieved EBITDA of over EUR 100 million (+53.9%), net profit of EUR 41.6 million (+93.3%) and turnover of EUR 1,69 million (+8.4%).
The Projects division concentrates on the construction, operation and maintenance of energy infrastructures on a global scale, including renewable energy farms, high-tension power lines or substations. In the first nine months of 2025, it posted EBITDA of EUR 88.3 million (+70%), net profit of EUR 35.8 million (+33.1%) and turnover of EUR 1,451 million (+29.2%).
Lastly, in the Concessions and Proprietary Projects segment, the Elecnor Group is involved in strategic assets such as transmission lines and renewable energy plants, which provide stable income and long-term value, consolidating the Group's presence in high-potential sectors.
On the one hand, this area consists of the Promotion and Investment activity, in which the Group maintains its strategy of generating long-term value through the promotion and investment in new businesses, selecting markets and technologies with high added value and high profitability. On the other hand, it also participates in and manages Celeo jointly with APG, one of the world's largest pension funds. The company operates 7,942 km of electricity transmission lines in Chile, Brazil and Peru, both in operation and under construction, as well as 345 MW of renewable energy (photovoltaic and thermosolar) in Spain and Brazil. The total assets under management stood at around EUR 6,000 million at the close of the previous financial year. During the first nine months, Celeo contributed EUR 13.7 million in net profit to the Elecnor Group, 22.6% more than in the same period last year (EUR 11.2 million).
Outlook for 2025
In the final months of the year, the Elecnor Group expects its activities to be boosted by three major international trends: the energy transition and electrification of the economy; the urbanisation and digitalisation of society; and environmental and social sustainability.
In addition, the sound contract portfolio and the current market situation, with booming demand for services offered by corporations such as the Elecnor Group, will enable the company to continue strengthening its leadership position and maintaining a path of profitable growth in 2025.
2025-2027 Strategic Plan
The results presented at the end of the third quarter of 2025 confirm that the Elecnor Group is progressing in line with the targets set out in its 2025–2027 Strategic Plan, presented on 11 September at the Capital Markets Day. With this new roadmap, the Elecnor Group expects to achieve annual turnover of EUR 4,000 million, generate cash flow of more than EUR 350 million between 2025 and 2027, and recover the profit levels prior to the sale of Enerfín, exceeding EUR 100 million per year.
These financial targets are aligned with a solid and sustainable dividend policy that aims to distribute more than EUR 220 million over the Plan’s period. This figure would double the dividends distributed from the profits for the financial years 2021 to 2023.