Formento de Construcciones y Contratas (FCC) Q3 2026 earnings summary

Executive summary

• 9M revenue reached €7,976.5m, up 13.1% YoY; growth was led by Construction, followed by Environment and Water.

• EBITDA was €1,147.7m, up 8.4%, with a 14.4% margin versus 15.0% a year earlier.

• Attributable net profit rose 46.6% to €230.0m, including a €40.4m positive exchange-difference impact versus a €61.8m negative impact in 9M 2025.

• Backlog grew 8.6% from December 2025 to €56,058.7m, led by Water.

Financial highlights

• International revenue rose 14.8% to €4,029.1m, representing 50.5% of revenue; Spain revenue increased 11.4% to €3,947.4m.

• Equity increased 3.5% from December 2025 to €4,907.2m; equity attributable to the parent rose 1.4% to €3,533m.

Outlook and guidance

• Performance was described as stable and aligned with forecasts; Water results were also characterized as aligned with forecasts.

• Construction margins were aligned with the work plan reviewed regularly across reporting periods.