Mota-Engil reported a 24% year-on-year increase in net profit to €74 million for the first half of 2026, driven by a 6% rise in turnover to €2.0 billion and a 10% gain in EBITDA to €500 million. The group’s net profit margin reached 2.6%, inching closer to its 3% target, while free cash flow totaled €159 million, equivalent to 33% of EBITDA.
The company’s backlog expanded to a record €17.7 billion at June 30, up €4.1 billion from the prior period, providing over three years of revenue visibility. Additional contracts signed after June added another €2.5 billion, pushing potential backlog past €20 billion. Equity rose above €1 billion, resulting in a financial autonomy ratio of 11%, while net debt stood at €1.99 billion, a €20 million increase from year-end 2025 excluding concession investments.
Regional performance varied, with Africa delivering 11% revenue growth and a 12% rise in EBITDA, achieving a record 25% EBITDA margin. Latin America saw a 7% revenue increase, supported by strong contributions from Mexico and Brazil. Europe remained softer due to project timing delays, though it maintained an 8% EBITDA margin. The group’s circularity initiatives included a $100 million sustainability agreement with Trafigura for projects in Malawi and the launch of biomethane facilities in Portugal in Q4 2026.
Mota-Engil raised its full-year guidance, targeting revenue growth in excess of 10% and an EBITDA margin of at least 18%. Capital expenditure is expected to remain below 7% of turnover, while leverage targets include net debt/EBITDA below 2.0x and gross debt/EBITDA below 4.0x. Shares rose 3.58% to $4.806 following the update.
