Elecnor (ENO) Q1 2026 earnings summary

Executive summary

• Net profit attributable to the parent rose 8.1% year-over-year to €27.1 million for Q1 2026, with revenue up 3.7% to €930.8 million and EBITDA up 6.6% to €58.0 million.

• The executable backlog/production portfolio for the next 12 months increased 5.4% to €2,997.7 million, supporting future growth.

• Domestic and international revenues were nearly balanced, with 50.5% from domestic and 49.5% from international markets.

Financial highlights

• Revenue: €930.8 million (+3.7% YoY); EBITDA: €58.0 million (+6.6% YoY); Net profit: €27.1 million (+8.1% YoY).

• Supplementary dividend of €0.417 per share proposed, totaling €44.29 million for 2025 results.

• Commitment to distribute over €220 million in dividends during 2025-2027.

• Services segment turnover rose 14.0% to €569.5 million; Projects segment turnover fell 9.8% to €359.6 million.

• Celeo (Concessions and Own projects) contributed €2.9 million in net profit, down 32.9% year-over-year.

Outlook and guidance

• Strategic plan targets over €220 million in dividends for 2025-2027, reaffirming profitability and cash generation objectives.

• Growth in 2026 expected to be driven by energy transition, electrification, urbanisation, digitalisation, and sustainability trends.

• No significant impact expected from renewed Middle East conflict in 2026.