Elecnor SA reports a doubling of net profit in the first nine months of 2025
Elecnor SA, a Spanish construction‑and‑engineering group listed on the Bolsa de Madrid, disclosed its third‑quarter results on 3 November 2025. According to the company’s filing with the Comisión Nacional del Mercado de Valores (CNMV), the group achieved a net profit of €80.8 million for the nine‑month period ending 30 September 2025. This figure represents more than twice the €36.6 million recorded for the same interval in 2024, marking a significant turnaround after a comparatively modest profit in the previous year.
Revenue growth
Alongside the profit surge, Elecnor’s sales increased by 18.1 % year‑on‑year. The rise in turnover reflects stronger performance across the group’s core sectors, including civil engineering, infrastructure, and renewable energy projects. The upward trajectory in revenues, coupled with improved cost controls, contributed to the sharp improvement in profitability.
Market context
At the close of 30 October 2025, Elecnor’s share price stood at €28.30, near its 52‑week high of €29.10 set on 28 October 2025. The stock’s valuation is marked by a negative price‑to‑earnings ratio of –25.91, indicative of a market that is still assessing the long‑term sustainability of the company’s earnings rebound. With a market capitalization of approximately €2.48 billion, Elecnor occupies a notable position within Spain’s industrial sector.
Strategic implications
The doubled net profit and robust sales growth reinforce Elecnor’s strategic emphasis on expanding its portfolio of large‑scale infrastructure and renewable energy projects. The company’s positive financial performance may also support future capital allocation decisions, such as potential share‑based remuneration plans or dividend considerations, and could improve its borrowing capacity for forthcoming projects.
Outlook
While the third‑quarter results signal a strong momentum shift, Elecnor’s management has reiterated its focus on maintaining disciplined cost management and pursuing high‑impact projects in Europe and beyond. Investors will likely monitor subsequent quarterly updates to assess whether the 18.1 % sales growth and doubled profitability trend continue throughout the fiscal year.
This report is based solely on the publicly available financial disclosures and news releases dated 3 November 2025 and does not include any additional commentary or analysis beyond the presented facts.
