)
Metrovacesa (MVC) investor relations material
Metrovacesa Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenues reached €316 million in H1 2026, up 138% year-over-year, driven by 809 residential units delivered and strong land sales.
EBITDA rose to €49.2 million, with net profit turning positive at €17.8 million, reversing last year's loss.
Gross margin improved to 27.2%, supporting enhanced profitability.
Operating cash flow surged to €130 million, supporting a €137 million dividend payout.
Spanish housing demand remains robust, with transaction volumes high despite a modest decline.
Financial highlights
Residential revenues were €280 million, with land sales contributing €38 million.
Gross profit reached €75.5 million, EBITDA margin was 15.6%, and recurring pre-tax profit was €42 million.
Net financial debt stood at €309 million, with LTV at 14.4%.
NAV per share was €11.55, up 2.6% from December 2025, after a €1 per share dividend.
Cash and equivalents at period end were €160 million.
Outlook and guidance
Guidance for FY2026 is reiterated: gross operating cash flow expected to exceed €200 million.
Housing deliveries expected to match 2025 levels, with significant growth in land sales and high presale coverage.
Gross margin expected to remain in the mid-20s, likely at the higher end.
- Record revenues, high margins, and strong dividends highlight growth and sustainability focus.MVC
Corporate presentation - Revenue up 66% YoY, gross margin at 27%, and dividend per share nearly doubled.MVC
Q1 2026 - Strong 2025 results, robust land bank, and ESG focus position the group for sustainable growth.MVC
Corporate presentation - Record 2025: revenue, profit, and cash flow surge, driving high dividend and strong outlook.MVC
Q4 2025 - H1 2025 revenue hit €132.8m, 22% margin, strong sales, and guidance reaffirmed.MVC
Q2 2025 - Pre-sales up 14.9%, record backlog, 8.5% yield, and strong market outlook confirmed.MVC
Q3 2024 - Revenues and EBITDA soared in H1 2024, driven by robust sales, margins, and a positive outlook.MVC
Q2 2024 - Q1 2025 saw €77.6m revenues, 22.5% margin, and a €0.46 dividend approved.MVC
Q1 2025 - Record revenues, strong cash flow, and robust pre-sales drive positive 2025 outlook.MVC
Q4 2024
Next Metrovacesa earnings date
Next Metrovacesa earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)