Sacyr, S.A. Q2 2026 Earnings Recap

Sacyr’s stock rose modestly by 2.8% as the company delivered steady H1 2026 results marked by solid top-line growth and improved EBITDA margins, while investors digested continued asset valuation gains and enhanced shareholder distributions.

Key Takeaways

• Revenue increased 9% to EUR 2.437 billion, driven by operational progress and new projects.
• EBITDA grew 9% to EUR 708 million, lifting the margin to 29.1%, reflecting operational efficiencies.
• Operating cash flow rose 18% to EUR 631 million on a comparable basis, underscoring strong cash generation.
• Net profit attributable to shareholders surged 157% to EUR 78 million, influenced by accounting effects from prior divestments.
• Concession portfolio valuation reached EUR 4.601 billion, up 16% year-on-year, supported by asset roll-forward effects and new project additions.