FCC Group closed the first half of the year with revenue of €5,156.2 million, up 13.2% on the figure for the same period of the previous year. This growth was driven primarily by higher activity in the Construction business area, supported by the strong volume of contract awards secured in 2025, which strengthened the Group's order backlog and growth outlook, together with the solid performance of the Group's other business areas.

EBITDA amounted to €725 million, up 7.4% compared with the first half of 2025. This performance was underpinned by higher revenue and the increased relative contribution of the Construction business area.

EBIT totalled €311.4 million, representing an increase of 22.4% compared with the same period last year.

Profit before tax climbed to €277.2 million, an increase of 101.2% compared with the previous year. Aside from the strong operating performance, this significant increase reflects exchange rate fluctuations between the euro and various other currencies, the base effect arising from adjustments recognised in the first half of 2025, and the change in the value of equity-accounted investees in the Environmental Services business area during the previous financial year.

Profit attributable to the parent company rose to €128.1 million in the first half of the year, up 58.7% from €80.7 million in the same period of the previous year. This increase reflects the favourable performance of profit before tax described above, partly offset by the higher profit attributable to non-controlling interests following the sale, in December 2025, of a 25% stake in the holding company of the Environmental Services business area.

The Group's revenue backlog stood at €54,955.2 million at the end of June, up 6.5% on the end of 2025, reflecting particularly strong contract awards in the Water business area, whose revenue backlog increased by 14.5%.

MILESTONES

FCC Environment strengthens its presence in the United States and Europe

In Spain, the first half of the year saw a number of significant contract renewals and new contract awards for waste collection services:

•  In Badalona (Barcelona), the company successfully renewed its contract with the local council for comprehensive sanitation services, including waste collection and street cleaning, with a backlog value of €464 million and a term of 12 years.
• Barcelona City Council has renewed FCC Medio Ambiente’s contract for the cleaning and maintenance of the city’s sewerage network. The contract is valued at €121 million over an initial eight-year term, with a potential two-year extension. This renewal reaffirms the trust placed in FCC Medio Ambiente since 1911. 
• In Figueres, Catalonia, the company secured a contract for the collection and transport of municipal waste, representing a backlog of €35.2 million over the next eight years and serving a total of 50,000 residents. 
• Parla Town Council, in the Community of Madrid, once again awarded the contract for municipal solid waste collection, street cleaning and the management of recycling centres to the temporary consortium formed by FCC Medio Ambiente and another company from the sector. The contract represents an attributable backlog of €75.9 million over the next 11 years and involves an investment of €10 million.
• Galapagar Town Council, in the Community of Madrid, renewed FCC Medio Ambiente’s waste collection and street cleaning contract, as well as its contract for the maintenance of green spaces, with a combined backlog of €58 million and running for a term of 12 years.
• The Group strengthened its waste treatment operations in February by securing a 14-year contract for the El Puerto de Santa María (Cádiz) recovery and recycling centre, adding €62.7 million to the revenue backlog.

In the United States, FCC Environment, through its subsidiary FCC Environmental Services—one of the country's leading integrated waste management and recycling companies—secured the following contract awards and renewals:

• Renewal of the household waste collection and recycling contract for Service Area 4 in Palm Beach County (Florida), first awarded in 2019. The new contract will come into effect in October 2026 and has an associated backlog of $130 million over the next seven years.
• Municipal solid waste collection service for New Smyrna Beach (Florida). The contract represents a backlog of around €77 million over the next 10 years, with the possibility of a further 10-year extension, consolidating the company’s presence in Volusia County, where it already provides services to other nearby communities.

Aqualia reaffirms its international leadership

Celebrating the 25th anniversary of its brand. Created in 2001 to bring together FCC Group’s water management activities under a single brand, Aqualia has spearheaded the company's international expansion. During this period, it has grown from managing around 700 municipalities in Spain in 2002 to almost 2,350 municipalities across 19 countries today, while increasing revenue from €379 million to €1,790 million in 2025— an increase of 370% over two and a half decades.

One of the world's top five companies at the 2026 “Water Oscars”. Aqualia was shortlisted in two categories at the prestigious Global Water Awards 2026, the water sector's leading international awards, presented by the specialist publication Global Water Intelligence (GWI). The company was nominated in the Water Company of the Year and Reuse Project of the Year categories.

New contract awards during the first half of the year were particularly notable in Spain, the United States and Japan:

• In Spain, Aqualia secured a number of contract extensions and new awards while maintaining a success rate of over 90%, with a combined value of more than €800 million. These include the renewal of the Ibiza water supply and sewerage management contract, worth more than €348 million over a 20-year period; the five-year extension of the Adeje (Tenerife) water supply contract, worth €125 million; the Jaén contract, valued at more than €104 million, for the management of water supply, sewerage and wastewater treatment services; the joint venture award for water management services in Añarbe (Gipuzkoa), worth €29.2 million; the €24.2 million extension of the contract in Santa Marta de Tormes (Salamanca); and the extension of the water supply, sewerage, wastewater treatment and related works contract for the municipality of Sant Joan de Labritja (Balearic Islands), worth €17.5 million.
• In the United  States, Aqualia strengthened its position by signing a strategic contract with the authorities of Corpus Christi, Texas, for the delivery of a desalination plant. The project will enhance the city's water security in response to an unprecedented drought as part of a public investment programme worth almost €148 million. Aqualia will be responsible for the design, supply, construction, commissioning and operation for five years of a brackish water reverse osmosis (BWRO) plant, which will be integrated into the municipal water supply system.
• First contract in Japan (Toyohashi), under a concession arrangement, for the modernisation and operation, as part of a consortium, of a water treatment plant for a term of 30 years, with an associated backlog worth more than €120 million.

FCC Construction cements its position and maintains its growth trajectory 

Following the substantial increase in contract awards secured during the previous year, the first half of 2026 was characterised by a period of consolidation, with the following projects standing out:

• In Romania, the provisional award of an €770 million contract for the design and construction of Section 3 of the A8 motorway, a nearly 18-kilometre stretch in the north-west of the country. The project will be financed through the European SAFE programme and includes 18 bridges and overpasses, six tunnels, a tunnel control centre and two interchanges. 
• The consortium led by FCC Construcción secured a contract worth over €735 million for the construction of the third runway at Riyadh International Airport, including all associated ancillary infrastructures. The project has an estimated construction period of 3.5 years and contributes around €400 million to the Group’s attributable backlog.

In Spain, the following projects are particularly noteworthy:

• In the civil engineering segment, highlights for the period included the provisional award of the Arco Norte de Murcia and a section upgrade of the A-4 motorway—with a combined value of €125 million; and the Group’s involvement in the winning consortium for a €135.8 million contract to construct 11.8 kilometres of double-track railway in Catalonia (Cambrils to Vila-seca Adif station), featuring eleven stops, with two of them being interchanges.
• Further highlights include the €174 million contract awarded in March to the consortium in which FCC Construcción participates for the design and construction of IFMIF-DONES, a particle accelerator to be built in Escúzar (Granada) to support fusion energy research and drive the transition toward a new model of clean, virtually unlimited energy, harnessing the same processes that power the stars.

FCC Concesiones continues to strengthen and expand its business organically 

Construction of the Aragón Highway Itinerary 8 concession continued to progress, having reached 65% completion by the end of the period. Further progress has been made towards the two equity-accounted concessions—Lima Metro (Peru) and WTC (Barcelona)—, with the former gradually bringing new stations into operation and the latter redeveloping the uses of the concession area.

Furthermore, the concession for the A465 highway upgrade (Wales, United Kingdom) received the Bronze Winner 2026 award at the CCS National Site Awards.