Elecnor (ENO) Q3 2025 earnings summary

Executive summary

• Net profit for the first nine months of 2025 reached €80.8M, up 120.6% year-over-year, with EBITDA at €185.4M, a 96.4% increase, and turnover at €3,150.2M, up 18.1% from the same period in 2024.

• The production pipeline executable in the next 12 months is €2,863.9M, with 58% from Projects and 42% from Services, a 5.7% increase compared to the end of 2024.

Financial highlights

• Turnover rose 18.1% year-over-year to €3,150.2M, with Services contributing 53.8% and Projects 46.2%.

• EBITDA increased by 96.4% to €185.4M, with Services and Projects segments showing significant growth.

• Net profit surged 120.6% to €80.8M, with Services and Projects segments as main contributors.

• Attributable consolidated net profit in Services increased 93.3% to €41.6M; in Projects, up 33.1% to €35.8M.

• Celeo contributed €13.7M in net profit, up 22.6% year-over-year.

Outlook and guidance

• The group expects to benefit from trends in energy transition, urbanization, digitalization, and sustainability, aiming to strengthen leadership and profitability in 2025 in line with its Strategic Plan.