Business · Companies · 7 hrs ago
Ibex groups earn a record €59.1 billion in the first nine months of 2026
The major Spanish-listed groups made €59.1 billion in profit in the first nine months of 2026, 15.3% more than in the same period of 2025.
The figures cover companies in Spain’s Ibex stock index, although some groups had not reported results for the full nine-month period.
Banks and energy companies were major drivers, while companies including ACS, Aena, Sacyr, Indra and Grifols also contributed to the increase.
Santander’s profit rose 20%, partly because it sold its Polish subsidiary; without that gain, the overall increase would have been 14.5%.
Across the groups, revenue rose 9% to €472.8 billion and operating profit, measured by EBITDA, increased 13.3% to €78 billion.
The results extend a run of strong earnings that began after the pandemic, despite conflicts in Ukraine and the Middle East and US tariffs.
Ibex-listed groups earned a combined attributable net profit of €59.113 billion in the first nine months of 2026, a record and 15.3% more than in the same period of 2025.
Their combined revenue rose 9% to €472.784 billion, while earnings before interest, tax, depreciation and amortisation increased 13.3% to €78.015 billion.
Banks and energy companies were major contributors to the increase, alongside groups including ACS, Aena, Sacyr, Indra and Grifols.
Santander reported the largest profit, €12.405 billion, partly boosted by the sale of its Polish subsidiary.
- Who
- Major Spanish listed groups in the Ibex index.
- What
- They reported combined attributable net profit of €59.113 billion, up 15.3% year on year.
- When
- The first nine months of 2026.
- Where
- Spain; the companies are listed on the Spanish stock market.
- Why
- Results were supported by banks and energy companies, as well as growth at groups including ACS, Aena, Sacyr, Indra and Grifols.
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- Combined attributable net profit
- €59.113 billion
- Year-on-year profit growth
- 15.3%
- Combined revenue
- €472.784 billion
- Revenue growth
- 9%
- Combined EBITDA
- €78.015 billion
- EBITDA growth
- 13.3%