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Formento de Construcciones y Contratas (FCC) investor relations material
Formento de Construcciones y Contratas Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit attributable to the parent declined 63.4% to €156.9 million, impacted by discontinued cement and real estate activities, negative exchange rate effects, and non-recurring provisions.
Revenue rose 7.7% year-over-year to €7,051.5 million, driven by acquisitions in the UK, US, and France, and organic growth, especially in Concessions and Water.
EBITDA increased 7.5% to €1,058.6 million, maintaining a 15% margin.
Net financial debt increased 17.7% to €3,520.4 million due to investments in contract renewals and acquisitions.
The euro's strength impacted income and EBITDA by about 1%.
Financial highlights
Turnover in the environment unit rose 11.5% to €3,493.2 million, driven by new contracts and acquisitions.
EBITDA for the environment unit increased 11% to €546.1 million, with a stable margin of 15.6%.
Water cycle turnover increased 8.7% to €1,339.3 million; EBITDA grew 5.2% to €319.2 million, margin at 23.8%.
Construction turnover exceeded €2 billion, with a portfolio growth of 46.8% to €9.3 billion.
Concessions turnover reached €81.4 million, up 38%; EBITDA rose 8.3% to €44.6 million.
Outlook and guidance
Growth expected to continue, supported by recent acquisitions and strong order intake, especially in Construction and international markets.
Working capital expected to recover by year-end, following typical seasonal patterns.
Investments for 2025 and 2026 projected to remain at around €1 billion annually, focused on environment and water treatment.
Construction growth anticipated, supported by a strong and growing long-term contract portfolio.
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