Infraestruturas de Portugal – a State company that finances, designs, builds and operates national road and rail networks – closed the first nine months of the year with profits of 115.7 million euros, an increase of 30.5% compared to 88.8 million in the same period last year.
In other words, IP recorded profits in the first nine months almost equal to the total for the year 2024, when it obtained net profits of 123.9 million. In terms of operating results, the company is also better, with 234.8 million euros, 6% above the same period last year. The information is contained in IP’s budget execution report for the third quarter of this year, consulted by DN.
On the other hand, DN knows that the performance until September continued into October. In other words, the global net result at the beginning of the last quarter will be 15% above the same period in 2024, and the operating result will be more than 10% above the same value in 2024.
During the third quarter, capital increase operations were carried out at IP totaling 306.8 million euros, of which 75.3 million were used to cover PPP budgets, 78.1 million to cover railway investments and 38.2 million to cover debt service.
Last year, IP invested more than 1.1 billion euros. In the third quarter of this year, according to the aforementioned report, the company made 405.6 million investments. “Of this amount, 272.2 million euros corresponds to Railway Investment, with emphasis on 129.1 million euros in works related to Railway 2020. In Road Investment, there was an execution of 126.6 million euros, with emphasis on works included in the Recovery and Resilience Plan.”
According to a recent report by the Public Finance Council, public transport and storage companies in the State’s business sector have positive equity capital of 16.5 billion euros, “with Infrastructures of Portugal standing out with 14.8 billion”.
On the other hand, IP was one of the non-financial companies in the State that invested the most last year. The total amount of investment by the State’s non-financial companies reached 4.1 billion euros (1.4% of GDP), with IP being responsible for a share of 1133 million of this global amount, just behind TAP, SA In the year 2023, IP had already invested 1122 million euros.