Sacyr It reported a net profit of €38 million in the first quarter of 2026, representing a 40% year-on-year increase. This growth is supported by its consolidation in Canadá, the dynamism of their projects in Chile and a solid generation of operating cash flow.
Financial milestones and operating profitability
During the period between January and March 2026, the operating cash flow The company's revenue amounted to €223 million, registering a 12% increase compared to the previous year. This figure is calculated after deducting the contribution of assets divested in 2025, highlighting the resilience of the recurring business. EBIT de Sacyr It reached 327 million euros (+9%), where 92% of the assets are concessionary in nature, significantly mitigating demand risks.
Global revenue reached €1.116 billion, 5% higher than in the first quarter of 2025. These results allow the entity to make steady progress towards the objectives set in its Strategic Plan 2024-2027.
| Financial Magnitude (Q1 2026) | Amount / Data | Year-on-year variation |
|---|---|---|
| Net profit | 38 millones de euros | + 40 % |
| EBIT | 327 millones de euros | + 9 % |
| Turnover | 1.116 millones de euros | + 5 % |
| Operating Cash Flow | 223 millones de euros | + 12 % |
| Engineering and Infrastructure Portfolio | 12.996 millones de euros | +4% (vs. 2025 closing) |
Strategic expansion in English-speaking countries and Latin America
In the field of internationalization, Sacyr has marked a historic milestone by signing its first concession in CanadáThis is the project of Museo de Ciencias de OntarioThe contract, valued at €645 million with a 30-year operating term, reinforces the firm's strategy of expanding into low-political-risk Anglo-Saxon markets.
Meanwhile, activity in the Southern Cone continues to expand. In April, the company finalized the contract for the desalination plant in Coquimbo en Chilewhich will require an approximate investment of 305 million euros. Furthermore, Sacyr Agua financing for the plant was finalized Reúso Salar del Carmen en Antofagasta for 460 million dollars.
Shareholder remuneration and financial health
La general meeting of shareholdersThe shareholders' meeting, scheduled for June 4, will put to a vote the payment of two cash dividends totaling €0,15 gross per share. This figure represents a substantial increase compared to the €0,045 distributed in cash during the previous year. The proposed schedule includes an initial payment of €0,10 in July 2026 and a second payment of €0,05 in January 2027.
Regarding solvency, net debt with recourse stood at 289 million euros at the end of March. Sacyr has successfully completed the refinancing and expansion of its syndicated loan to 600 million euros, also managing to extend its maturity until 2031. This operation has been supported by 25 international financial institutions.
Evolution by business divisions
- Concessions: It achieved revenues of €463 million (+23%). Key infrastructure projects stand out, such as the Ruta del Elqui (Chile), the Hospital de Velindre (Reino Unido) and the highway Buga-Buenaventura (Colombia).
- Engineering and Infrastructure: It achieved a turnover of €712 million (+3%). The portfolio is at an all-time high, driven by the company's selection for the program. Hospital 2.0 Alliance en Reino Unido and his alliance with Built en Australia for projects like the stadium of Brisbane for JJOO 2032.
- Water: This division saw a 19% increase in sales, with an EBITDA of €16 million. It recently acquired Aigües de Esparraguera Vidal en Barcelona and added new contracts in Huelva, Madrid y Tenerife for 84 million euros.
Key points and frequently asked questions about Sacyr's results
What is the main driver of Sacyr's growth in 2026?
The main driving force has been the concessionary businesswhich contributes 92% of the group's total EBITDA, in addition to a successful expansion strategy in English-speaking countries such as Canadá, Reino Unido y Australia.
How will shareholder returns change this year?
Sacyr It proposes to triple the cash dividend compared to the previous year, going from 0,045 euros to 0,15 euros per share, thus fulfilling its Strategic Plan 2024-2027 to prioritize cash remuneration.
How important is the new concession in Canada?
It represents the company's entry into the Canadian market with the project of Museo de Ciencias de OntarioIt is a long-term contract (30 years) valued at 645 million euros that validates the company's ability to compete in developed markets.
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