Full Year 2025 Mota Engil SGPS SA Earnings Call Transcript
Key Points
- Mota-Engil (FRA:M09) achieved record results in 2025 with an EBITDA of almost EUR1 billion and an 18% margin, marking a 4% growth year-on-year.
- The company reported a record net profit of EUR133 million after minorities, paving the way for a 3% target in 2026.
- Mota-Engil (FRA:M09) maintained a strong financial position with a net debt to EBITDA ratio below 2 times and a gross debt to EBITDA ratio below 4 times.
- The company achieved a record backlog of EUR16.2 billion, reflecting a selective commercial policy focusing on high-profile projects.
- Mota-Engil (FRA:M09) was recognized for its sustainability efforts, improving its ESG credentials and being certified as a Great Place to Work in multiple markets.
- Turnover decreased by 11% year-on-year due to project delays in Mexico and Portugal, impacted by external factors such as political changes and tariffs.
- The company faced delays in public investments in Portugal due to unexpected elections, affecting major projects like the Lisbon Oriental Hospital and the high-speed train.
- Despite record profits, the company had to manage lower CapEx compared to 2024, indicating potential constraints in investment capacity.
- The European Commission's investigation into the Lisbon Metro project could pose risks, although Mota-Engil (FRA:M09) is not directly implicated.
- The company is phasing out operations in one of the diamond mines in Angola, indicating potential challenges in maintaining mining operations.
Thank you. Thank you very much, and good afternoon to you all for attending this call where we will present the 2025 full year results. With me, I have here the Chairman and CEO of the company, Mr. Carlos Mota Santos; and the CFO of the Group, Mr. Jose Carlos Nogueira.
As usual, we will -- CEO will start the presentation with some key highlights. Then we will make the most of the presentation. And at the end, with the CEO and CFO, we will assure the usual Q&A session.
So Carlos, the floor is yours.
Thank you, Peter. First of all, welcome. Thank you for attending the 2025 full year results. It's a cornerstone that we are turning this full year presentation because it's the end of a strategic cycle, the beginning of a new cycle, and also is the year or the year that the group does -- is 80 anniversary. So it's a mark not only for the company, but especially for
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