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Teixeira Duarte (TDSA) investor relations material
Teixeira Duarte H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Turnover rose 25.1% year-over-year to €401 million, with Portugal driving growth at 52% and now representing 49% of total turnover.
EBITDA doubled to €58 million, up 116.5% year-over-year, with Construction as the main contributor.
Operating income (EBIT) more than tripled to €33 million, and net income attributable to equity holders was €11.4 million.
Net financial debt decreased by €8 million to €488 million, and financial autonomy improved to 13.4%.
Financial highlights
Sales and services rendered: €401 million, up 25.1% year-over-year.
EBITDA: €58 million, up 116.5% year-over-year.
Operating income (EBIT): €32.5 million, up 276% year-over-year.
Net income attributable to equity holders: €11.4 million, down from €42.4 million in 2025 due to a one-off refinancing gain last year.
Net financial debt: €488 million, down €8 million from December 2025.
Outlook and guidance
The order book for Construction reached €1.8 billion, up 10% from December 2025.
The group maintains its forecast for 2026 consolidated operating revenue of around €850 million.
Inflation and exchange rate volatility are expected to impact operations in key markets.
- EBITDA rose 27.9% to €76.8M, net loss narrowed, and net debt fell by €50.7M in 2023.TDSA
H2 2023 - Net profit rebounded to €11M in H1 2024, with Real Estate and Construction order book growth.TDSA
H1 2024 - Net income doubled to €50M, debt cut by €147M, and 2026 revenue set to rise 22%.TDSA
H2 2025 - Net profit jumped to €43 million, with strong construction orders and reduced net debt.TDSA
H1 2025 - Net income rebounded to €26 million as Construction orders surged 43% year-over-year.TDSA
H2 2024
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