OHLA increases its EBITDA to €113.2M (+30.3%) during the first nine months of 2025

27 de November de 2025

  • The Construction Division boosts this figure by more than 50%, reaching €154 million.
  • The order book grows by 1.4% compared to December 2024, and activity coverage reaches 25.7 months, improving on year-end 2024 figures.

OHLA closed the first nine months of 2025 with a significant improvement in its main operating metrics compared to the same period last year. In this regard, the Group’s EBITDA saw a substantial increase of 30.3%, reaching €113.2 million. This progress is largely driven by the excellent performance of the Construction Division, which boosted this figure to €154.3 million (52.5% more than the previous year), while improving its sales by 2.1%.

As of September 30, 2025, the Group’s order book stands at €8,599.9 million, 1.4% higher than at the end of 2024. In the short term, it amounts to €7,662.0 million, representing an activity coverage of 25.7 months of sales, more than two years, which compares favorably with the 24.5 months recorded in September 2024.

During this period, OHLA has secured major projects that strengthen its international presence. Among them are the Port of Miami (USA), the Lo Ruiz Tunnel (Chile), improvements to the Pan-American Highway in Panama, SR-91 (USA), and the Brno-Prerov Railway Line in Kojetín (Czech Republic). Also noteworthy is the start of operations of the BR-040/495 Highway concession in Brazil, which sees an average of 45,000 vehicles daily, as part of the Group’s commitment to concessions, as outlined in the Strategic Plan presented last May.

Throughout these first nine months, two major arbitration proceedings were resolved favorably for OHLA: one related to the Doha Metro and the other to Sidra Hospital, the latter after most claims against OHLA were dismissed following more than ten years. In addition, after the close of the third quarter, the company reached a preliminary agreement with the Government of Chile to complete the construction of the Biobío Hospitals.

In the same vein, last October, credit rating agency Fitch Ratings reinstated coverage of OHLA, upgrading its corporate rating to (B-), highlighting the Group’s solid business profile—positioned among the leading international contractors in the construction sector—as well as the deleveraging process carried out by the Group in recent years.