Logotype for Tecnicas Reunidas S.A.

Tecnicas Reunidas (TRE) investor relations material

Tecnicas Reunidas Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Tecnicas Reunidas S.A.
Q3 2025 earnings summary7 Nov, 2025

Executive summary

  • Nine-month 2025 results show strong growth, with sales up 43% year-over-year and strategic transformation advancing, including the Services unit reaching half its 2028 target and Power business tripling its ambition to over €1 billion annually.

  • Backlog at September 2025 was €11.5 billion, with €3.8 billion in new orders, including major wins in Argentina (Vaca Muerta, €420 million) and UAE (Lower Zakum, €3.3 billion).

  • Strategic alliances and engineering agreements in North America and decarbonization initiatives, including a hydrogen corridor between KSA and Europe, are advancing.

  • AI, digitalization, and robotics initiatives are expected to deliver 1.5 percentage points in savings by 2028, with digitalization evolving into a new revenue stream.

  • Optimism for 2026 and 2027 is higher than in previous quarters, supported by robust client demand and successful repositioning.

Financial highlights

  • 9M 2025 sales reached €4,596 million, up 43% year-over-year, with Q3 sales up 29% sequentially; Q3 2025 sales were €1,437M, up 65% from Q3 2024.

  • EBIT for 9M 2025 was €205 million (+56% YoY), margin 4.4%; Q3 EBIT was €84 million (4.5% margin), up 78% YoY.

  • Net profit for 9M 2025 was €108 million, up 66% year-over-year.

  • Net cash position at September 2025 was €427 million, with equity at €698 million.

  • EBITDA for 9M 2025 was €232 million, up 49% year-over-year.

Outlook and guidance

  • 2025 revenue guidance raised to above €6.25 billion with a 4.5% margin, targeting EBIT of around €280 million.

  • 2026 revenue expected to exceed €6.5 billion with EBIT above €325 million and margins above 5%.

  • Shareholder remuneration policy to resume in 2026 after early SEPI loan repayment.

  • Acceleration in project execution and client demand may result in Q4 revenues similar to Q3.

  • Upgraded financial guidance for 2025 and 2026.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Tecnicas Reunidas earnings date

Logotype for Tecnicas Reunidas S.A.
Q4 20252 Mar, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Tecnicas Reunidas earnings date

Logotype for Tecnicas Reunidas S.A.
Q4 20252 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Tecnicas Reunidas, SA is an engineering and construction company, providing services to industrial plant projects worldwide. It offers project management, process, mechanical and civil works, fabrication and erection of longitudinal structures, construction of turnkey plants, and other services. The company operates through Oil & Gas, Industrial Plants and Infrastructure segments. Oil & Gas relates to the hydrocarbons industry together with its own business based on a new technology for gas dehydration and liquids processing. Industrial Plants segment involves design/build projects included in the oil & gas industry and pharmaceutical plants sector. Infrastructure business segment has 3 sectors: roads, railroad lines and water treatment plants.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage