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Business news, startups, investments, and corporate developments in Portugal.
Worx WOutlook Q1 2026 Books €915 Million in Portuguese Commercial Real Estate — Hotelaria Pulls 39% on the Penha Longa Sale, Retalho 37% on the Arrábida-Gaia Sonae Sierra Carve-Out, and the Full-Year Forecast Walks Up to €2.8–3 Billion

Worx WOutlook Q1 2026 Books €915 Million in Portuguese Commercial Real Estate — Hotelaria Pulls 39% on the Penha Longa Sale, Retalho 37% on the Arrábida-Gaia Sonae Sierra Carve-Out, and the Full-Year Forecast Walks Up to €2.8–3 Billion

Worx WOutlook Q1 2026 puts Portuguese commercial real-estate investment at €915M — 39% hotel, 37% retail. The Penha Longa sale to L Catterton/Cedar and the Arrábida-Gaia carve-out drive the print; full-year forecast walks to €2.8–3bn.
The Portugal Brief
Navigator's Q1 2026 Net Profit Falls 64% to €17.2 Million on Storm Damage at Figueira da Foz and Vila Velha de Ródão Plus Higher Gas-and-CO₂ Costs — Sales Down 19% to €427 Million, EBITDA Halved to €65 Million

Navigator's Q1 2026 Net Profit Falls 64% to €17.2 Million on Storm Damage at Figueira da Foz and Vila Velha de Ródão Plus Higher Gas-and-CO₂ Costs — Sales Down 19% to €427 Million, EBITDA Halved to €65 Million

Navigator's Q1 2026 net profit fell 64% to €17.2 million on storm damage at Figueira da Foz and Vila Velha de Ródão plus higher natural-gas and CO₂ allowance costs. Sales -19% to €427M, EBITDA halved to €65M, net debt -€28M to €675.4M. Outlook held at 'positive and prudent.'
The Portugal Brief
TAP Closes the Sale of Its 49.9% Stake in SPdH Handling to Menzies — €3.2 Billion State Aid Plan Edges Toward Closure as the National Carrier Cuts Its Last Non-Core Equity Tie Ahead of the Privatisation

TAP Closes the Sale of Its 49.9% Stake in SPdH Handling to Menzies — €3.2 Billion State Aid Plan Edges Toward Closure as the National Carrier Cuts Its Last Non-Core Equity Tie Ahead of the Privatisation

TAP signed the contracts disposing of its 49.9% stake in SPdH ground-handling to Menzies on 7 May 2026, the last non-core equity tie under the 2021 EU Restructuring Plan covering €3.2 billion in State Aid. Closure subject to regulatory clearances; privatisation moves a step closer.
The Portugal Brief
EDP's Q1 2026 Net Profit Falls 12% to €378 Million on a Lower Iberian Wholesale Tape — But Stilwell Lifts Full-Year Guidance 5% to €5.2 Billion EBITDA and €1.3 Billion Profit, and Closes the Door on Miranda Sarmento's Windfall Tax

EDP's Q1 2026 Net Profit Falls 12% to €378 Million on a Lower Iberian Wholesale Tape — But Stilwell Lifts Full-Year Guidance 5% to €5.2 Billion EBITDA and €1.3 Billion Profit, and Closes the Door on Miranda Sarmento's Windfall Tax

EDP Q1 2026 net profit fell 12% to €378M on lower Iberian wholesale prices; recurring profit rose 9% to €399M. Stilwell raised 2026 EBITDA guidance 5% to €5.2 billion and net-profit guidance to €1.3 billion. Management closed the door on Miranda Sarmento's windfall tax.
The Portugal Brief