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Winner, Winner: The Chicken McNugget Story
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Acciona
Acciona (ANA) investor relations material
Acciona Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary31 Jul, 2026
Executive summary
H1 2026 performance aligned with full-year targets, with record infrastructure backlog and pipeline, strong international energy prices, and asset rotation deals concentrated in H2.
Infrastructure segment delivered strong execution, high earnings visibility, and expansion in Brazil's water business, contributing to a record €136bn concessional asset backlog.
Nordex achieved record backlog, double-digit EBITDA growth, and secured a €2.5bn guarantee facility, reinforcing its growth profile.
Renewables platform advanced with significant progress in battery storage, repowering, and new project approvals in Chile, Spain, the U.S., and the Dominican Republic.
Group reiterates 2026 guidance: EBITDA €2.8–3.1bn, investment €2.2–2.5bn, and Net Debt/EBITDA below 3x.
Financial highlights
H1 2026 revenues rose 10% year-on-year to €10,142m; EBITDA was €1,153m, down 26% due to lower asset rotation gains, while EBITDA from operations grew 4%.
Attributable net profit was €83m, down 84% year-on-year; pro forma including July asset sales, net profit would be €360m.
Ordinary capex fell 40% year-on-year to €743m, mainly due to lower investment in Energía; net investment cashflow €726m.
Net financial debt stood at €8.2bn; pro forma for July asset sales, €7.7bn.
Dividend of €5.75/share approved, totaling €310m, payable July 2026.
Outlook and guidance
Full-year 2026 guidance reaffirmed: EBITDA €2.8–3.1bn, investment €2.2–2.5bn, Net Debt/EBITDA below 3x.
Asset rotation proceeds expected to support debt reduction and maintain leverage targets.
Renewables capacity additions to reach close to 700 MW by year-end, with 1.75 GW FID visibility for 2027.
Nordex outlook: €8.2–9.0bn revenues, 8–11% EBITDA margin.
Second half expected to be stronger, with higher Spanish power prices and asset rotation gains.
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Next Acciona earnings date
Q3 202612 Nov, 2026
Acciona
Next Acciona earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Acciona, S.A engages in the energy and infrastructure industry. Acciona develops, operates and maintains wind, solar and biomass plants in Spain, the United States, Brazil, Morocco, South Africa and Australia. The company also works with designs and manufactures electricity turbines for the wind industry; constructs and manages toll roads, water treatment plants and waste management facilities.