Half Year 2026 Sacyr SA Earnings Call Transcript

Jul 30, 2026 / 10:00 AM GMT

Release Date Price: $3

Transcript

Key Points

Positve

Revenue increased 9% to €2.437 billion, with EBITDA also up 9% to €708 million, reflecting strong operational performance.
Net profit attributable to shareholders surged 157% to €78 million, driven by the accounting impact of the Columbia divestment.
Concession portfolio valuation rose 16% to €4.601 billion, with expected total distributions of nearly €20 billion, up 17% year-on-year.
Shareholder returns improved significantly, with a 122% increase in the cash dividend to €0.10 per share.
Water business revenue grew 33% to €185 million, and the company secured major contracts like the Antofagasta Water Reuse Plant in Chile.

Negative

Consolidated net debt increased by €429 million to €6.788 billion, driven by investment in concession portfolio expansion.
Working capital experienced a cash outflow in the quarter due to high tender costs for U.S. managed lane projects.
The company faces execution risk if not awarded key U.S. managed lane projects (I-2040 and I-285), which could impact strategic plan targets.
The I-77 project in North Carolina faces political uncertainty, with a new voting process needed after a previous vote against it.
Seasonal payment patterns for some assets may cause fluctuations in operating cash flow, with no specific one-offs reported.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SCYR.MC - Sacyr SA
Half Year 2026 Sacyr SA Earnings Call
Jul 30, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. I'm Manuel Enrique, Executive Chairman of CSIR. Joining me today are Pedro Cimuenza, Chief Executive Officer and Carlos Michangos, Chief Financial Officer of the company. Thank you all, analysts, investors and members of the media.

For joining us today for a series presentation of our financial results for the first half of 2026. Before I begin my presentation, I would like to express our solidarity with everyone affected.

By the recent severe storms in Tulip and the wildfires in Spain. Our thoughts are with all of you. I would also like to express my sincere appreciation and gratitude to our Cecilia employees who as always have gone above and beyond to support the communities affected during these difficult

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