Excluding the impact of Semapa’s sale of Secil, combined net profits reached €3.142 billion, an increase of 13.4 percent from €2.771 billion in the same period last year.

Galp, EDP, EDP Renováveis and BCP were the biggest contributors, together accounting for more than 62 percent of total profits, ECO News reports.

Performance varied between sectors, with energy and banking companies recording stronger results, while exporters faced difficulties from storms and higher prices linked to the war in Iran.

Galp recorded the highest profit, with net income of €812 million in the first half, up 43.7 percent compared to the same period last year. The company also increased its 2026 EBITDA target to €4 billion, from a previous minimum of €2.6 billion.

EDP reported a first-half profit of €732 million and increased its full-year net profit target to €1.4 billion. This compares with €1.15 billion recorded in 2025 and its previous forecast of between €1.2 billion and €1.3 billion.

BCP recorded a net profit of €566 million, while Semapa reported €570 million, largely due to the capital gain from the sale of Secil.

Revenues across PSI companies increased by almost 7 percent to €53.3 billion during the first half of the year.

EBITDA, which stands for earnings before interest, taxes, depreciation and amortisation, rose by 12.8 percent to €9.6 billion, taking the EBITDA margin above 18 percent.

The results have also supported the Portuguese stock market. The PSI increased by more than 14 percent during the first eight months of the year and is trading at an 18-year high.