Técnicas Reunidas: record profitability and historic contract in the UAE in 2026 -

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Business Results

Spanish engineering firm Técnicas Reunidas has released its results for the first half of 2026, achieving an EBIT margin of 5%, its highest in a decade. The company secured contracts worth €6.000 billion, including a landmark solo contract in the United Arab Emirates.

Record results and a historic contract boost forecasts

The engineering firm Técnicas Reunidas has consolidated a first half of 2026 of great financial strength, achieving the highest quarterly return in the last ten yearsThe company recorded project earnings (EBIT) of €73 million in the second quarter, 15% higher than the same period in 2025, bringing its profit margin to 5%. This milestone is accompanied by the acquisition of new contracts, reinforcing its long-term growth.

In the first half of the year, new contracts totaled €6.000 billion, with forecasts exceeding €8.000 billion by year-end. This raises the current order book at 14.000 billion eurosAmong the new projects, the contract for the upstream facilities of an oil field in the Emiratos Árabes UnidosWith a value exceeding 5.000 billion euros, it is the highest contract achieved by Técnicas Reunidas as sole contractor in its history.

Regarding the situation in Oriente MedioThe company reports that project execution is progressing towards full normalization and that customer payments are being received on time. Consequently, it has decided not to make any new provisions, maintaining the €45 million figure applied in the first quarter. Net profit for the second quarter was €44 million, nearly tripling that of the previous quarter and bringing the half-year total to €59 million.

North America and digitalization: keys to future growth

Alongside its traditional leadership, Técnicas Reunidas considers that the market of Norteamérica and the activities of its subsidiary TR Power in the energy sector they will be the two main ones engines that will drive growth of their income in the coming years. An example of this strategy is the contract of Greenlight en Canadáa combined cycle gas turbine carbon capture plant that will supply power to a large data center META.

The company will also strengthen two other high value-added business lines. Firstly, the services area, which expects to reach €375 million in new contracts this year. Secondly, its commitment to Artificial Intelligence, digitalization, and robotics, which will receive an investment of €40 million and will have a specialized team of more than 400 professionals by the end of the year. This robust cash flow generation translated into a net cash position of 344 million euros, exceeding by 12 million the number recorded at the end of 2025.

Forecasts for the End of Fiscal Year 2026
Indicator	Estimated figure
Revenue	Exceeding 6.500 billion euros
Underlying EBIT	Over 325 million euros
Underlying EBIT Margin	Over 5%
New Awards	Exceeding 8.000 billion euros

Chief Executive's Assessment

On the occasion of the publication of the results, Juan Lladó, CEO of Técnicas Reunidas, has stated that "The first half of 2026 has confirmed the strength and resilience of the business model of Técnicas ReunidasDespite the challenges we have faced in Oriente MedioWe have recorded record revenues, solid profitability and strong cash generation».

Regarding commercial activity, Lladó He highlighted the results as «exceptional», pointing out: «We have already secured €6.000 billion in new orders, including the largest contract ever awarded to Técnicas Reunidas as the sole contractor. We estimate that the total value of new contracts in 2026 will exceed €8.000 billion, further strengthening our record order backlog and providing exceptional visibility into our future growth forecasts.».

Finally, the CEO emphasized the company's strategic diversification:Beyond our leadership in Oriente MedioWe are also making significant progress in other strategic areas that will shape the future of Técnicas ReunidasPower generation and Norteamérica They are emerging as two key drivers of growth [...]. Today, Técnicas Reunidas It is stronger, more diversified, and better positioned than ever to take advantage of the many opportunities ahead.", he concluded.