Discover the latest news from the Group: reports, interviews of interest, diversity in our teams, projects, awards that recognise our work, actions carried out by FCC people and much more. 

Browse the FCC Group magazine nº39

FCC Group recorded revenue of €7,976.5 million in the first nine months of 2026, 13.1% more than in the same period of 2025. The Construction business area led this growth, with an increase of 27.4%, followed by Environment, which advanced by 8.1%, and Water, by 3.5%. Concessions, meanwhile, maintained similar levels, with revenue of €81 million. 

International activity grew by 14.8% to €4,029.1 million and now accounts for 50.5% of the Group’s revenue. In Spain, revenue increased by 11.4% to €3,947.4 million. 

This positive performance was also reflected in gross operating profit (EBITDA), which increased by 8.4% to €1,147.7 million, driven by revenue growth in the main business areas. 

Net profit attributable to the parent company stood at €230 million in the first nine months of 2026, 46.6% higher than the €156.9 million recorded in the same period of the previous year. This improvement was mainly due to EBITDA growth and the favourable effect of exchange-rate differences, which contributed €40.4 million during the period, compared with the negative impact of €61.8 million recorded in the same period of 2025. 

At 30 September 2026, net financial debt amounted to €2,802 million, compared with €2,301.8 million at year-end 2025, mainly due to the seasonal performance of working capital. 

Equity increased to €4,907.2 million, 3.5% higher than in December 2025. 

Lastly, FCC Group’s revenue backlog stood at €56,058.7 million at the end of September, 8.6% higher than at the close of the previous financial year, with positive performance across all business areas, led by the Water division. 

Milestones

In Spain, several renewals and awards stand out:

• In Badalona, the urban services contract, provided since 1960, has been renewed. The new contracts awarded for waste collection, street cleaning and household recycling centre management represent combined backlog of €464 million for the next 12 and 10 years, respectively.
• Barcelona City Council has renewed the cleaning and maintenance service for its sewer network with FCC Environment for €123.1 million over the next eight years, with a possible two-year extension. This renewal reaffirms the trust placed in FCC Environment since 1911.
• Parla City Council again awarded municipal solid waste collection, street cleaning and household recycling centre management to the joint venture formed by FCC Environment. The contract represents attributable backlog of €75.9 million over the next 11 years and includes investment of €10 million.
• In waste treatment, the following stand out: last February, the award of the El Puerto de Santa María recovery and recycling centre, for 14 years and with associated backlog of €62.7 million. In France, the La Veuve concession contract, with a term of more than 10 years and a value of €153 million. It covers the operation, maintenance and modernisation of the UVE (Unité de Valorisation Energétique), with a capacity of 110,000 t/year of non-recyclable waste (residual household waste, incinerable bulky waste and sorting rejects).
• In the United States, FCCenviro renewed the household waste and recycling collection contract for Service Area 4 in Palm Beach County, first awarded in 2019. The new contract came into force this October 2026, with associated backlog of USD 130 million for the next seven years. It was also awarded the municipal solid waste collection service in New Smyrna Beach (Florida). The contract represents backlog of around €78 million over the next 10 years, with a possible further ten-year extension, consolidating the company's presence in Volusia County, where it already serves other nearby communities.
• Lastly, among the investments made, this October FCC Ámbito, the subsidiary specialising in industrial waste, reached an agreement to acquire 100% of Rymoil, S.A., including its interests in Aprochim Getesarp Rymoil and AGR Catalysts Recovery, companies operating in northern Spain.

Water

New contract awards during the period were particularly notable in Spain, Peru, the United States and Japan:

• Spain: various extensions and new contracts, maintaining a success rate above 90%, with an aggregate value of more than €800 million. These include the renewal of the Ibiza water supply and sewerage management contract for more than €348 million over 20 years, the 5-year extension of the Adeje water supply contract for a total of €125 million and of the Jaén contract for more than €104 million for water supply, sanitation and wastewater treatment; the joint venture award for the management of Agua de Añarbe, in Guipúzcoa, for €29.2 million, the €24.2 million extension of the Santa Marta de Tormes contract and the extension of the water supply, sewerage, treatment and ancillary works service in the municipality of Sant Joan de Labritja (Balearic Islands) for €17.5 million.
• In Peru, FCC Aqualia will develop the Cajamarca Wastewater Treatment Plant (WWTP). The project includes design, financing and construction, as well as operation and maintenance for a period of 26 years, and represents backlog of more than €490 million. The award comes one year after the Chincha sanitation contract and strengthens FCC Aqualia's leadership in Public-Private Partnership projects in Peru.
• In the United States, FCC Aqualia has strengthened its position by signing a strategic contract with the authorities of Corpus Christi, Texas, to commission a desalination plant. The project will strengthen the city's water security in the face of an unprecedented drought, as part of a public investment programme of around €148 million. FCC Aqualia will be responsible for the design, supply, construction, commissioning and five-year operation of a brackish water reverse osmosis (BWRO) plant, which will be integrated into the municipal water supply system. First concession contract in Japan (Toyohashi), for the modernisation and operation, as part of a consortium, of a water treatment plant for a period of 30 years and with associated backlog of more than €120 million.
• In addition, Aqualia has been recognised as one of the five best companies at the ‘Water Oscars 2026’. Aqualia was a finalist in two categories of the prestigious Global Water Awards 2026, the most relevant international awards in the water sector, granted by the specialist platform Global Water Intelligence. The company was nominated in the ‘Water Company of the Year’ and ‘Reuse Project of the Year’ categories.

Construction

During this period, following the considerable increase in contract awards in the previous year, there has been a process of consolidation; nevertheless, the following projects stand out:

• Last August, FCC Canada Ltd announced that ONxpress Civils Contractor General Partnership (“ONxpress”), a 50/50 consortium between Aecon and FCC Canada, has signed alliance contracts with Metrolinx to advance the “GO Expansion” rail project in Ontario. FCC's share of the contracts amounts to more than USD 1.2 billion.
• In September, FCC Construction Australia, in collaboration with Ecove, secured the Sydney Olympic Park Integrated Station Development Precinct (ISDP) contract, which will be delivered as part of the Sydney Metro West project. It will consist of the construction of a new metro station, together with the development of a wider area in Sydney Olympic Park, one of the city's most important areas. The works will include public realm improvements, development of the station precinct and integration with the Sydney Metro West rail network.
• The consortium led by FCC Construction was awarded a contract worth more than €735 million to build the third runway at Riyadh International Airport (Saudi Arabia), together with the associated auxiliary infrastructure. The project has an estimated execution period of 3.5 years and contributes attributable backlog of more than €400 million.

In Spain, the following works stand out:

• In civil works, the contract to upgrade a section of the A-4, with a combined value of €125 million, and participation in the consortium awarded the €135.8 million contract to build 11.8 kilometres of double-track line in Catalonia (Cambrils - Adif Vila-seca station section), with eleven stops, two of them interchanges.
• Particularly noteworthy for its uniqueness is the €174 million contract awarded last March to the consortium in which FCC Construction participates for the design and construction of IFMIF-DONES, a particle accelerator to be built in Escúzar (Granada) to experiment with fusion energy and advance towards a new model of clean and unlimited energy, like that produced by the stars.

Concessions

• Development of the Route 8 road concession in Aragon reached 71% completion at the end of the period. In addition, the two equity-accounted concessions, Lima Metro (Peru) and WTC (Barcelona), are progressing with the start-up of operations at new stations and the redevelopment of uses of the concession space, respectively.
• In the first nine months of the year, passenger volumes on tram concessions grew by 2.5%, while vehicle traffic on road concessions rose by more than 1%.
• In terms of awards, the A-465 dualling concession (Wales, United Kingdom) was named Bronze Winner 2026 at the CCS National Site Awards.

Esther Alcocer Koplowitz, Chair of Grupo FCC and Marquise of Casa Peñalver, attended the 2026 Princess of Asturias Awards ceremony on Friday 23 October at the Campoamor Theatre in Oviedo, reaffirming the company’s commitment as a trustee of the Foundation that organises these prestigious awards.

Their Majesties the King and Queen, accompanied by the Princess of Asturias and the Infanta Doña Sofía, presided over the solemn ceremony, attended by Her Majesty Queen Doña Sofía. This is one of the year’s most important cultural and institutional events. The ceremony brought together prominent figures and representatives from various sectors of society.

At this year’s ceremony, the awards recognised Patti Smith in the Arts; Studio Ghibli in Communication and the Humanities; David Klenerman, Shankar Balasubramanian and Pascal Mayer in Scientific and Technical Research; the Svalbard Global Seed Vault in International Cooperation; Timothy Garton Ash, in Social Sciences; Leo Messi, in Sport; Julian Barnes, in Literature; and Christina Koch, in Concord.

The Princess of Asturias Foundation organises these awards annually – considered one of the country’s most significant cultural events – to honour outstanding careers and contributions in the scientific, technical, cultural, social and humanitarian fields. Throughout their history, the Princess of Asturias Awards have received significant international recognition, including from UNESCO, which in 2004 highlighted their exceptional contribution to the cultural heritage of humanity.

FCC has been recognised as one of the companies most highly rated by its workforce in the fifth edition of the InfoJobs Awards, whose awards ceremony took place yesterday, 15 October.

The Group achieved 22nd place among more than 120,000 companies analysed, positioning FCC among the 50 best-rated employers in Spain.

This result is based on feedback shared by people who currently work, or have previously worked, at FCC, giving this recognition particular significance as it stems directly from the experience of its teams.

The InfoJobs Awards aim to highlight and recognise companies that nurture and develop talent. To compile the ranking, InfoJobs considers both the number of reviews received by each company and the average rating awarded by current and former employees.

This fifth edition also reflects InfoJobs’ commitment to giving employees a voice and ensuring that their experience remains at the heart of how companies are recognised.

For FCC, this achievement reflects the commitment, dedication and culture that are built every day by everyone who forms part of the Group. The recognition reinforces FCC’s determination to continue fostering working environments based on listening, respect and opportunities for professional growth, where every individual can contribute their very best.

FCC and all its business areas view this recognition as an encouragement to continue moving forward and strengthening a shared business project.

FCC Group has internally announced the winners of the 4th edition of its international photography contest, Do you watch or Take part?, an initiative launched in celebration of the Sustainable Development Goals (SDG) Week to promote awareness and understanding of the SDGs among the company's employees.

This awareness-raising and engagement campaign invited employees to capture, through their photographs, the values represented by the 17 United Nations Sustainable Development Goals, bringing together FCC Group’s workforce around sustainability, innovation, and respect for the environment.

Following the final count of likes received on the featured stories published on FCC’s official Instagram profile, the three winners of this edition have been announced:

• First Prize: Iván Molina Vázquez, for the photograph “Where Water Gives Life.” The image portrays water as the backbone of a community, a landscape, and a way of life, reflecting the close relationship between aquatic ecosystems and cultural heritage. The photograph reminds us that protecting water also means preserving the communities, traditions, and environments that thrive around it. This image is linked to SDG 6: Clean Water and Sanitation and SDG 11: Sustainable Cities and Communities.
• Second Prize: Kennedy Lenis Castañeda, for the photograph “This Golden Moment Reminds Me That Beauty Emerges When We Care for What Sustains Us.” The image explores the boundary between the city and the sea, where light seems to preserve memories. That golden moment, suspended above the water, serves as a reminder that cities are not built solely with stone, but also with responsibility. Every resting vessel, every enduring façade, and every reflection shimmering across the harbour speaks of a fragile balance: living without forgetting the place that sustains us. This entry represents SDG 11: Sustainable Cities and Communities and SDG 14: Life Below Water.
• Third Prize: Elisa Otero Blanco, for the photograph “Life in Nature.” The image depicts a green space rich in vegetation and flowers, where an animal interacts with its natural habitat, highlighting the vital importance of conserving biodiversity and protecting the natural lungs of our environment. The composition focuses on SDG 15: Life on Land.

Thank you very much to everyone who took part!

Committed to the 2030 Agenda and ESG Criteria

FCC Group remains firmly committed to continuously addressing the challenges posed by the 2030 Agenda and has embraced the Sustainable Development Goals as part of its own strategy, constantly promoting new initiatives across all its business areas. Its Sustainability Policy provides the ESG (Environmental, Social and Governance) approach required to meet the growing expectations of its stakeholders, contribute to the achievement of the SDGs, and foster innovation. In addition, FCC has been a signatory of the United Nations Global Compact since 7 May 2007, the world's largest corporate sustainability initiative.

The Board of Directors of Cementos Portland Valderrivas, S.A. yesterday agreed to name Esther Koplowitz, the majority shareholder of the FCC Group, as a Director and Vice President.

Other appointments to the Board included Rafael Montes, as Managing Director and CEO of Fomento de Construcciones y Construcciones y Contratas, S.A. (FCC); José Manuel Revuelta, Deputy Managing Director of Cementos Portland Valderrivas and the company Cartera Deva, S.A., represented by Jaime Llantada.

With the addition of these four new directors, the Board of Directors is composed of a total of 18 members, which is the number agreed at the last General Meeting of Shareholders held in Pamplona on 29 June of last year.

There were also changes to the Executive Committee: Fernando Ferreras and Antonio Pérez Colmenero resigned and were replaced by Rafael Montes and José Manuel Revuelta.

• Marcelino Oreja will continue as a director of the company.

The Board of Directors of FCC, in response to a proposal by the company's principal shareholder, Esther Koplowitz, has unanimously agreed to appoint Baldomero Falcones Jaquotot as CEO and Executive Vice-Chairman of the company. Baldomero Falcones is replacing Rafael Montes, who has been appointed as Non-Executive Chairman of the Group.

FCC's new chief executive, Baldomero Falcones, was born in Mallorca in 1946; he holds a degree in engineering and an MBA from IESE.

Baldomero Falcones joins FCC after a lengthy career in executive positions at Spanish and international companies. He was a founding partner of Magnum Industrial Partners, Chairman of Mastercard International Worldwide and of Santander Seguros, director of Unión Fenosa and director for Spain at RWE; he is also a former general manager and member of the Executive Committee at Banco Santander Central Hispano. He is Chairman of the Plan Foundation in Spain and a member of the Economic Committee of Fundación Albéniz.

Speaking after his designation, Baldomero Falcones thanked the Board for his appointment and "very particularly for the trust it has placed in me to direct FCC, a superbly-managed company which is in an unbeatable position to continue growing and to take advantage of opportunities arising in its various business areas. The diversification process implemented by FCC's top-rank executive team has served as a template for the industry."

The Board of Directors of FCC expressly acknowledged the work of Marcelino Oreja over the last nine years in which he has been at the helm (as Chairman from 1998 to 2004, and as Non-Executive Chairman since then), particularly since this is the period in which Vivendi (later Veolia) was the company's second-largest shareholder and is considered to be one of the most important stages in the company's century-long history.

Marcelino Oreja will maintain a link to FCC since he will continue to be a member of the Board of Directors.

After forty years at the company, during which he has held the most senior executive positions, Rafael Montes will take the place of Marcelino Oreja, who announced his intention to resign at the last Shareholders' Meeting.

The company's principal shareholder, Esther Koplowitz, said: "it is very important for FCC to retain the experience of Rafael Montes, not only because of his proven skill but also because he is part of this company's history and has contributed to making it a leader in all the sectors in which it operates. His appointment as Chairman, the culmination of his long career at the company, is further assurance of FCC's future success. I would also like to express my deepest gratitude to Marcelino Oreja for his outstanding work in his years with FCC, a contribution only exceeded by his qualities as a person."

The Board accepted the resignation of Francisco Mas Sardá and thanked him for his over 40 years' service at the company. He will be proposed for appointment as a member of the Board of Directors of Uniland.

Additionally, the directors EAC Inversiones Corporativas, S.L., represented by Carmen Alcocer Koplowitz, and Gonzalo Anes y Álvarez de Castrillón were appointed to the Audit and Control Committee.

The Board of Directors thanked Rafael Montes for his excellent performance as CEO; on his watch, revenues and EBITDA doubled as a result of the Strategic Plan and the company expanded internationally to balance it strategic businesses (36% of revenues are obtained outside Spain, up from 9% originally).

After forty years at the company, during which he has held the most senior executive positions, Rafael Montes will take the place of Marcelino Oreja, who announced his intention to resign at the last Shareholders' Meeting.

The company's principal shareholder, Esther Koplowitz, said: "it is very important for FCC to retain the experience of Rafael Montes, not only because of his proven skill but also because he is part of this company's history and has contributed to making it a leader in all the sectors in which it operates. His appointment as Chairman, the culmination of his long career at the company, is further assurance of FCC's future success. I would also like to express my deepest gratitude to Marcelino Oreja for his outstanding work in his years with FCC, a contribution only exceeded by his qualities as a person."

The Board accepted the resignation of Francisco Mas Sardá and thanked him for his over 40 years' service at the company. He will be proposed for appointment as a member of the Board of Directors of Uniland.

Additionally, the directors EAC Inversiones Corporativas, S.L., represented by Carmen Alcocer Koplowitz, and Gonzalo Anes y Álvarez de Castrillón were appointed to the Audit and Control Committee.