Consolidated income statement

T€

Notes

2025

2024

Revenue

(1)

18,714,281

17,422,219

Changes in inventories

182,818

213,014

Own work capitalised

9,826

8,156

Other operating income

(2)

273,178

258,645

Construction materials, consumables and services used

(3)

-11,168,653

-10,463,013

Employee benefits expense

(4)

-5,243,653

-4,905,497

Other operating expense

(5)

-1,090,319

-1,115,284

Share of profit or loss of equity-accounted investments

(6)

163,854

148,715

Net income from investments

(7)

41,487

77,227

EBITDA

1,882,819

1,644,182

Depreciation and amortisation expense

(8)

-635,585

-582,292

EBIT

1,247,234

1,061,890

Interest and similar income

105,959

144,845

Interest expense and similar charges

-64,989

-69,429

Net interest income

(9)

40,970

75,416

EBT

1,288,204

1,137,306

Income tax expense

(10)

-367,241

-308,973

Net income

920,963

828,333

attributable to: non-controlling interests

4,679

5,329

attributable to: equity holders of the parent (consolidated profit)

916,284

823,004

Earnings per share (€)

(11)

7.94

7.35