Sacyr Sa (SYRVF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. I'm Manuel Manrique, executive chairman of SACIR. I'm joined in this presentation by Pedro Sigüenza, chief executive officer, and Carlos Mijangos, the company chief financial officer. Thank you very much to all of you, analysts, investors, and media representatives for attending this presentation of SACIR's financial results for the full year 2025. In fiscal year 2025, we reached the halfway point of our 2024-2027 strategic plan. And I must say that the results have been highly positive. Over the past two years, we have delivered significant additional value in our concession assets and increased our cash flow to invest in new projects. Therefore, confirming that our business model is increasingly solid, growing and profitable. This strong performance has been accompanied by an increase in our share price and cash dividend distribution, directly delivering the benefits of this business model to our shareholders. Between 2021 and 2025, our market capitalization increased by 152%, significantly outperforming the IBEX 35, which rose by 114 over the same period. The solid balance sheet for the first two years of the plan makes us very optimistic about meeting and even exceeding the overall targets under the plan, which will bring us closer to our goal of becoming world leaders in greenfield project development by 2033, as we announced back in the day. Now, looking at the specific figures of this midterm review, I should mention the following. Operating cash flow of 1.359 billion euros is This has exceeded the target two years ahead of schedule. We have secured five new concession project awards by contrast with three or four initially estimated. 905 million euros in new capital invested we have almost reached the target of 1 billion euros that we set for th...