El Grupo ACS has closed the first quarter of 2026 with a net profit attributable of 232 million eurosThis represents a 21,5% increase compared to the same period last year (30% adjusted for exchange rate effects). The construction and services company's results were boosted by strong growth in its US subsidiary. Turner and the growing demand in the sector of data centers, raising its adjusted sales by 12,5% to 12.344 million euros.
Ordinary net profit, excluding extraordinary items, saw even greater growth of 25%, reaching €239 million. This figure aligns with the group's more ambitious target for 2026 and reinforces the positive trend in its operating margins.
Analysis of the main financial magnitudes
The results presented by the company reflect robust operating performance across all its business areas. The group's gross operating profit (EBITDA) reached €772 million, 10,5% higher than in 2025, while ordinary operating profit (EBIT) stood at €549 million, a 16,8% increase. The group's project backlog remains at record highs, standing at 99.825 millones de euros, 13,5% more in comparable terms.
| Main Figures (Millions of euros) | Mar-25 | Mar-26 | Var. | Var. F/X |
|---|---|---|---|---|
| Net Turnover | 11.790 | 12.344 | + 4,7 % | + 12,5 % |
| EBIT | 699 | 772 | + 10,5 % | + 15,9 % |
| EBIT | 470 | 549 | + 16,8 % | + 23,7 % |
| Net Profit Attributable | 191 | 232 | + 21,5 % | + 30,0 % |
| project portfolio | 90.807 | 99.825 | + 9,9 % | + 13,5 % |
Evolution by business areas: Turner as a growth engine
The strategy of ACS The focus on higher value-added projects and sectors with high technological demand is clearly reflected in the contribution of its subsidiaries.
Turner
The American construction company Turner It has consolidated its position as the group's crown jewel. Its sales grew by 25% (adjusted for exchange rates) thanks to strong demand in data centers, pharmaceuticals, semiconductors and aviationThe EBITDA margin improved by 72 basis points to 3,9%, and profit before tax soared 40% to €246 million. The project pipeline of Turner amounts to 42.333 million euros.
CIMIC
The Australian subsidiary CIMIC It recorded sales of €2.445 billion, also with strong performance in strategic sectors such as data centers. Its ordinary profit before tax grew by 4,8% and its project backlog exceeded €23.000 billion, driven by awards in defense and sustainable mobility.
Engineering and construction
This area increased its sales by 2,9% and its EBITDA by 16,1%, with a profit before tax of €81 million (+18,2%). The order backlog grew by 5,3% (adjusted for exchange rates) thanks to new contracts in sustainable mobility and defense. Estados Unidos, España y Alemania.
Infrastructure
The area that brings together Abertis, Iridium y ACS Digital & Energy It contributed 37 million euros to ordinary profit. Abertis It showed solid performance with traffic growth of 1,4%, especially in España, Estados Unidos y Chile.
Geographic diversification and project portfolio
The group's international exposure remains its main strength. Estados Unidos y Canadá They represent 63% of sales, followed by Australia (16%) and España (10%). This diversification has allowed the group to capture opportunities in high-growth markets.
The volume of contracts awarded in the quarter reached 17.460 billion euros, a 26,9% increase, with the following projects being the most notable:
- A 1 GW data center for Meta en Indiana (EE. UU.), with an investment exceeding $10.000 billion.
- A data center complex in Wisconsin (EE. UU.), valued at $15.000 billion.
- Contracts for the development of small modular reactors (SMRs) with Rolls-Royce at the Reino Unido and Unión Europea.
- Critical infrastructure projects such as the D metro line of Praga (República Checa) and the modernization of the military airport of Čáslav.
Solid financial position despite strategic investments
El Grupo ACS It closed the quarter with net debt of €1.472 million, a reduction of €1.375 million compared to March 2025. This improvement was achieved despite having made strategic investments worth 1.283 billion euros in the last twelve months.
Strong operating cash flow generation, amounting to €2.349 billion, has allowed the group to finance these investments and maintain attractive shareholder returns. Among the most significant investments are over €500 million in data centers and €200 million in the capital increase of Abertis and more than 370 million in infrastructure greenfield.
Key points and frequently asked questions about ACS results in 2026
What is the main growth driver for ACS and how does it affect the group's strategy?
The main driver is the construction of next generation infrastructures, especially the data centers, driven by its US subsidiary TurnerThis reaffirms the strategy of ACS to focus on high-value technological projects with higher margins, pivoting from more traditional civil engineering towards digital and energy infrastructure.
What business opportunities arise for Spanish companies that supply the sector?
The leadership of ACS in markets like Estados Unidos y Australia This opens doors for Spanish companies specializing in the technological construction supply chain: software engineering, cybersecurity for infrastructure, components for data centers, and sustainable mobility solutions. Participation in these megaprojects can be a key avenue for internationalization.
What do these results indicate about global infrastructure market trends?
The results of ACS They confirm an unequivocal global trend: investment is shifting towards the digital infrastructure (AI, cloud), the energy transition (modular reactors, energy storage) and the sustainable mobilityConstruction companies with the technical and financial capabilities to tackle these complex projects on a global scale, such as ACSThey are better positioned to lead the sector in the next decade.
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