Mota-Engil says backlog rose 4% to EUR16.15B at the end of 2025

Mota-Engil says backlog rose 4% to EUR16.15B at the end of 2025

Mota-Engil Reports 4% Year-Over-Year Increase in Order Backlog to EUR16.2 Billion at End of 2025

Mota-Engil Group, a global infrastructure and construction leader, reported a 4% year-over-year increase in its order backlog to EUR16.2 billion as of December 2025. This growth reflects strong project awards in key markets, including EUR800 million for the first stretch of Portugal's high-speed train (Porto-Oiã) and EUR1.255 billion for Brazil's Santos-Guarujá tunnel concession. The backlog now provides visibility for approximately three years of Engineering and Construction (E&C) activity, with 72% of the total tied to core markets such as Mexico (22%), Angola (18%), Portugal (12%), and Nigeria (8%).

The company's E&C segment, which accounts for 89% of the backlog, includes large-scale, long-duration projects such as railways, roads, and industrial engineering contracts. Notable projects include the Lobito Corridor railway maintenance in Angola (EUR500–1,000 million) and the Querétaro-Irapuato railway in Mexico (EUR500–1,000 million). Industrial Engineering, a high-margin segment, contributes 21% of the backlog, driven by mining and energy projects in Africa and Latin America.

Financially, Mota-Engil achieved EUR979 million in EBITDA for 2025, with a margin of 18%, up from 16% in 2024. Net profit reached EUR133 million, a 9% increase year-over-year. The company's strategic focus on core markets, asset rotation, and long-term contracts has strengthened profitability and cash flow generation.

The backlog expansion is supported by EUR4.5 billion in new awards since July 2025, including infrastructure projects in Rwanda, Brazil, and Mexico. Mota-Engil also secured sustainability-linked financing agreements, including a EUR170 million loan with Deutsche Bank and a USD214 million facility with the International Finance Corporation (World Bank).

Looking ahead, the company aims to leverage its EUR16.2 billion backlog to drive revenue growth, with a target of EUR6 billion in turnover by 2026. The focus on sustainable infrastructure, including a planned EUR250 million investment in green projects by 2025, aligns with its long-term strategic goals.

(https://www.marketscreener.com/news/mota-engil-sgps-s-a-informs-about-the-earnings-release-regarding-fy2025-ce7e5cdddc8bf721): Mota Engil SGPS S A Earnings Release, March 2025.