Results for the 2025 financial year: Técnicas Reunidas increases its net profit by 75% to €156 million

The company improves its forecasts for the current year for the fourth consecutive time and grows by an additional 5% in the fourth quarter of 2025

• In the last quarter of last year, the company reached the highest quarterly level of project margin (EBIT) in its history, with €87 million.
• The total figure for this concept amounted to €291 million in the whole year, with a 61% increase, bringing the margin over sales to 4.5%, compared to 4.4% in 2024.
• Sales stood at €6.466 billion, an increase of 45% over the previous year.
• The services unit contributed €254 million to total sales, in line with the boost to these activities, which is one of the main pillars of the company’s SALTA Strategic Plan.
• Net cash position was €332 million at the end of the year after the early repayment of SEPI loans on December 1st. Without this early repayment, the net cash position would have reached €507 million.
• Order intake exceeded €5 billion.
• This figure includes the Lower Zakum project for ADNOC Offshore in Abu Dhabi (€3.1 billion); the complete redefinition of one of the three combined cycle projects in Saudi Arabia awarded in 2024, and whose redefinition has now resulted in an increase of €700 million over the initial figure; the Vaca Muerta terminal for VMOS in Argentina (€404 million), and new engineering services contracts (€333 million).
• In addition, a new combined cycle project for RWE in Germany, valued at approximately €475 million, was awarded during the year but has not been yet included in the portfolio.
• Backlog stood at more than €10.5 billion at the end of the year, 15% lower than at the end of 2024, thus reflecting the combined effect of the new contracts awarded in 2025 and the completion of several projects during the year.
• Técnicas Reunidas has confirmed that it will distribute a 30% dividend against its 2026 results.
• Based on these solid 2025 results and the excellent outlook for the future, the company expects to reach total sales of more than €6.5 billion in 2026, EBIT of more than €325 million and an EBIT margin of over 5%.

On the occasion of the 2025 Results’ presentation, Juan Lladó, Técnicas Reunidas’ Executive President, has stressed that “2025 marks a true inflection point in our transformation, not only financially, but structurally and strategically, reshaping who we are and how we lead. Técnicas Reunidas’ performance speaks for itself: revenues reached €6.5 billion, EBIT rose to €291 million, and net profit increased by 75% to €156 million. Our strategy is delivering results.

We have strengthened our position in the Middle East. The Lower Zakum project in the UAE, the combined-cycle plant in Saudi Arabia and the strategic FEED for the very large green ammonia plant for ACWA underscore Técnicas Reunidas’ central role in long-term investment programs across the region.

At the same time, we continue expanding our presence in North America. Our framework agreements with leading players are already generating tangible results, and the FEEDs underway Técnicas Reunidas’ position strongly for upcoming opportunities.

Our Services business has become an engine of growth. In 2025, we secured more than €300 million in new contracts. Clients trust us and involve us earlier in key investment decisions. At the same time, we are leading the industry through a deep digital and AI-driven transformation. By integrating robotics, automation, and advanced analytics, we are gradually improving productivity, and most importantly, safety and schedule certainty, while building a differentiated digital offering.

Finally, our new subsidiary TR Power, established on the first days of present year, represents a bold step towards capturing unprecedented opportunities. Electrification is accelerating worldwide, demanding focus, speed, and specialization. TR Power now has the structure and agility required to compete in this evolving landscape, backed by decades of experience and a solid project pipeline.

As a result of these achievements, and with a significantly stronger balance sheet, on December 1st we repaid the SEPI financing ahead of schedule, a decisive milestone that restores financial flexibility and enables us to resume a 30% dividend payout based on 2026 results.

We have strengthened our financial position, we have a strategy that delivers, and we offer the solutions our clients demand.

Técnicas Reunidas enters 2026 strong and focused. The momentum is undeniable, and the future is ours to shape.”