Business

Mixed gains as major companies report nine-month results

Large corporations report profit growth ranging from 11.5% to 19.5% in the first nine months, though Jerónimo Martins bucked the trend with a 14.5% decline.

28 October 2026Tagblick Newsdesk

AI-generatedWritten by an AI system, editorially responsible — how we work

Archive photo: Mixed gains as major companies report nine-month results — Archive photoPhoto: ProtoplasmaKid · Wikimedia Commons · CC BY-SA 4.0

Abanca Portugal posted a pre-tax profit of 99 million euros in the first nine months of the year, up 19.5% from the same period last year, according to a statement released on Tuesday. The Spanish bank highlighted that the improvement in results was accompanied by better operational efficiency.

In the insurance sector, Mapfre achieved a net profit of 924 million euros through September, up 11.5% compared with the same period a year earlier. The insurer reported growth in premiums across both its Life and Non-Life segments, according to a statement filed with Spain's National Securities Market Commission.

In the energy sector, Endesa posted profits of 1,962 million euros in the first nine months, marking a 14.7% increase from the same period last year. The Spanish energy company, which operates in Portugal, released these results today.

BCP generated 873.7 million euros in profit during the first nine months, a 12.6% increase compared with the same period a year ago. According to ECO, the performance was driven by international operations and growth in the financial margin linked to lending, prompting the bank to raise its ambitions regarding its strategic plan. Figures released by the chief executive also indicate a 13% increase.

Jerónimo Martins, by contrast, reported a 14.5% decline in net profit, totalling 414 million euros in the first nine months of 2026. Despite this fall, the company's revenue grew 4.8% to 27.8 billion euros, including business from Portugal's second-largest supermarket chain Pingo Doce and Recheio as well as Poland's Biedronka. EBITDA rose 7.6% to 1,950 million euros.

Other institutions also posted significant gains. BNP Paribas recorded a profit increase of 19% through September, reaching 11,018 million euros. Coca-Cola boosted profit by 14% to 11,045 million euros in the same period.

This item was written by an AI system on the basis of the headlines and short teasers of the independently operating newsrooms named below. We disclose this under Art. 50(4), second subparagraph, of Regulation (EU) 2024/1689 (AI Act). Before publication we check origin and verifiability — anything that appears in only one place is not published — as well as language, substance and legally sensitive content. No separate substantive review of each individual item by a natural person takes place; we therefore do not rely on the exemption in Art. 50(4), second subparagraph, of the AI Act. Editorial responsibility for this publication rests with the person named in the imprint (§ 18 Abs. 2 MStV). Please report errors to [email protected] — we will correct or remove the item. Full reports are available from the sources listed.