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2026 Annual General Meeting

The ACS Group has held its Annual General Meeting at a particularly significant moment, with its share price at all-time highs following a record year.

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Our 2026 Annual General Meeting, at a glance

The ACS Group’s AGM was held at an exceptional time for the company, following a year of record results and with the share price at all-time highs. The meeting highlighted strong shareholder returns and the strength of the business model, as well as the Group’s commitment to next-generation projects and infrastructure, with a particular emphasis on digital infrastructure and data centers as one of the main drivers of growth.
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Opening video at the AGM 2026

In an increasingly demanding environment, infrastructure is once again becoming essential for the economic and social development of a world that is redefining how we live, work, and move. At the ACS Group, we face these challenges with a clear vision, global experience, and the ability to deliver complex projects in key sectors. In our opening video for the 2026 AGM, we show how we are building today the infrastructure that will make tomorrow’s world possible.
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ACS Group increases its Net Profit to €950 million

ACS Group achieved an attributable net profit of €950 million in the 2025, an increase of 14.8% compared to the same period last year, or 23.2% adjusted for exchange rate effects. Earnings per share (EPS) grew by 14.2%, to €3.69. The Group’s ordinary net profit, which excludes extraordinary results in both periods, increased by 25%, exceeding €857 million, supported by the solid performance of Turner.
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The ACS Group holds its AGM following a historic year and strong value creation

The ACS Group has once again held its Annual General Meeting at a particularly significant moment for the company, marked by record results and a share price at all-time highs. These milestones reflect the strength of the Group’s business model, market confidence, and its leadership in the development of next-generation infrastructure.
During his address, the Group’s Chairman, Florentino Pérez, highlighted ACS’s track record as a company built with a long-term vision, grounded in its ability to anticipate, adapt, and evolve. A story shared with many companies—some of them over a century old—renowned for their experience, technical expertise, and ongoing commitment to excellence, all aligned with a clear objective: value creation and sustained shareholder returns. “In 2025, total shareholder return reached 81.6%, combining share price performance and dividends distributed during the year. And in 2026, we have already accumulated a 63% return since the beginning of the year. These are exceptional figures that place us among the best-performing infrastructure companies worldwide,” said the Chairman, Florentino Pérez. For his part, the Group’s CEO, Juan Santamaría, focused his remarks on the company’s present and future. In a context where infrastructure has once again taken center stage on the global agenda, ACS is advancing in strategic sectors such as digital infrastructure, energy, critical minerals, defense, and sustainable mobility—key drivers of the Group’s growth. In this regard, Juan Santamaría highlighted the addition of GIP BlackRock as a strategic partner through a 50/50 partnership to develop and operate a global data center platform, with an initial portfolio of 1.7 GW across Europe, the United States, and Australia contributed by ACS. “Beyond the numbers, the goal is to accelerate our growth in digital infrastructure, share capital, and do so alongside one of the most recognized investors in the international financial community,” stated Juan Santamaría. The Annual General Meeting also provided an opportunity to thank shareholders for their trust with the gift of the second book of infographics on major ACS Group projects, offering a visual journey through some of the Group’s landmark projects and highlighting the scope and excellence of our company’s global activity. The ACS Group continues to move forward with its industrial project, building the infrastructure of tomorrow with responsibility, rigor, and ambition, and contributing to progress and long-term value creation under the One Group, One Team approach.

May 8, 2026·2 min read
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International recognition for ACS and HOCHTIEF’s sustainability performance

ACS and HOCHTIEF included in Dow Jones Best in Class World and Europe Indices 

ACS Group and HOCHTIEF have been included in the Dow Jones Best in Class World Index and the Dow Jones Best in Class Europe Index, following the latest Corporate Sustainability Assessment conducted by S&P Global.
The Dow Jones Best in Class Indices recognise companies that demonstrate leading sustainability performance across environmental, social and governance criteria. Inclusion is based on the results of S&P Global’s annual Corporate Sustainability Assessment, which evaluates companies on long term economic, environmental and social factors.
The continued inclusion of both ACS and HOCHTIEF in the Dow Jones Best in Class Index reflects the Group’s consistent focus on responsible business practices, strong governance and measurable progress in key sustainability areas. These include climate strategy, occupational safety, human rights and the responsible delivery of complex infrastructure projects across global markets.
ACS Group Head of Sustainability, Cristina Aldámiz-Echevarría, and HOCHTIEF Chief Sustainability Officer Martina Steffen said: “Sustainability is integral to how ACS and HOCHTIEF operate and create long term value. Inclusion in the Dow Jones Best in Class Indices confirms that our approach is delivering tangible results and aligns economic performance with environmental and social responsibility.”
The Dow Jones Best in Class World Index represents the top performing companies from the S&P Global Broad Market Index based on sustainability criteria, while the Dow Jones Best in Class Europe Index recognises leading European companies using the same rigorous assessment methodology.
ACS and HOCHTIEF continue to advance their sustainability agenda. Following the successful completion of established sustainability plans, the Group is assessing new sustainability targets that will be consistent with its commitment to responsible business practices and support long term business success.

May 4, 2026·2 min read
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SR 400 Express Lanes Project Breaks Ground, Advancing Major Mobility Investment in Atlanta

ACS Group companies, ACS Infra (IRIDIUM) and FlatironDragados, today joined the Georgia Department of Transportation (GDOT), the Georgia State Road and Tollway Authority (SRTA), other project partners and key stakeholders to break ground on the SR 400 Express Lanes project.
Delivered under the SR 400 Peach Partners consortium, the 16-mile (25.75-kilometer) managed lanes public-private partnership (P3) will expand capacity along SR 400 from the North Springs Metropolitan Atlanta Rapid Transit Authority (MARTA) Station in Fulton County to McFarland Parkway in Forsyth County, improving travel reliability, enhancing safety, and supporting continued economic growth in metro Atlanta.
SR 400 Peach Partners—comprised of ACS Infra (IRIDIUM), Acciona, and Meridiam as developer and equity sponsors—will deliver the project in partnership with GDOT and SRTA under a long-term P3 agreement. FlatironDragados and Acciona will lead the construction, with Parsons serving as the lead design engineer. The project represents a key component of Georgia’s Major Mobility Investment Program (MMIP) and the first revenue-risk procurement under the program.
“This groundbreaking marks an important milestone for one of Georgia’s most critical transportation corridors,” said Steve DeWitt, CEO of ACS Infra. “In partnership with GDOT and SRTA, we are proud to deliver a project that will provide long-term mobility benefits, support economic growth, and improve the daily travel experience for the communities along SR 400 and the greater Atlanta metropolitan area.”
“As we enter the construction phase, we’re proud to continue our close collaboration with GDOT and our joint-venture partners on this vital investment,” said Javier Sevilla, CEO of FlatironDragados. “This complex initiative will generate significant employment opportunities and drive sustained economic and business growth across the region.”
Project
With a total investment of approximately $10.8 billion and a concession term exceeding 55 years, including a 5.5-year construction period and 50 years of toll operations, the SR 400 Express Lanes project will feature dynamically priced express lanes in each direction, giving drivers a reliable travel-time option while maintaining free access to existing general-purpose lanes. The project will further enhance connections with the SR 400/I-285 interchange, new bridges, and corridor-wide technology systems designed to optimize traffic flow and improve safety. While enhancing travel reliability for drivers, the project will also support existing MARTA connections and future bus rapid transit improvements along the corridor.
The project’s financing structure combines federal credit assistance through a TIFIA loan and tax-exempt private activity bonds (PABs), with committed equity investment, providing a strong foundation for delivery of this critical investment. Construction will advance in phases across the corridor, with major field activity beginning this spring.
Construction is expected to result in significant job creation and related economic activity throughout the region. The project will also create numerous opportunities for local contractors, suppliers, and workforce participation across the corridor. Once complete, the project will improve corridor performance, reduce congestion, and strengthen connectivity between key employment centers, residential communities, and transit hubs, including MARTA.
The SR 400 Express Lanes project has already received industry recognition for its innovative financial structure, earning both IJGlobal North America Transport Deal of the Year and PFI Americas Infrastructure Deal of the Year honors.

Apr 22, 2026·3 min read
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CIMIC set to build a large-scale data center project in Malaysia

CIMIC Group company Leighton Asia has secured a contract to deliver a large-scale data centre project in Malaysia. The award builds on Leighton Asia’s successful delivery of data centre projects across Asia and strengthens its position as a leading contractor of mission‑critical digital infrastructure. The project forms part of a multi‑phase hyperscale campus development that will support the region’s accelerating demand for secure, resilient and energy‑efficient digital capacity. Leighton Asia will undertake the end‑to‑end delivery of the campus works, drawing on its regional expertise and strong supply‑chain partnerships. Early works and enabling activities have positioned the project for a seamless transition into main works delivery. ACS Group and HOCHTIEF Chief Executive Officer and CIMIC Group Executive Chairman Juan Santamaría said: “Investment in large‑scale digital infrastructure like this is essential for the next phase of economic growth across Southeast Asia, providing the platforms required for cloud, data and technology‑led industries to expand with confidence. Leighton Asia brings a strong regional track record in delivering data centre developments, supported by technical expertise and established local partnerships.”
Leighton Asia has delivered a portfolio of data centre projects across Asia, with active and completed works in Malaysia, Indonesia, Thailand, India, the Philippines, Singapore and Hong Kong – leveraging its regional delivery capability in civil, structural, MEP and integrated delivery.

Apr 8, 2026·1 min read

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That was our Data Center Investor Day

In this video, we summarize our Investor Day 2025, focused on the Group’s roadmap for Data Centers through 2030, with the participation of leading investors and analysts. During the session, Group CEO Juan Santamaría shared ACS’s progress and vision for the next phase of its global growth.
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This was our CMD; One Group, One Team

The ACS Group held its first Capital Markets Day at the Círculo de Bellas Artes to present its 2024-2026 Strategic Plan.
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sustainable development

The ACS Group is sustainability. The Dow Jones Sustainability World Index highlights our commitment to the environment on an international level.

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Building the future, transforming the present

We build a better future through the development and operation of infrastructures that help the economic and social progress of the countries in which we are present.

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