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Business news, startups, investments, and corporate developments in Portugal.
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
REN's Q1 2026 Net Profit More Than Doubles to €36.2 Million on a Storm-Hit Comparison Base — EBITDA Up 11.1% to €143.2 Million as Chile Contributes, CESE Gas Levy Disappears and Electricity Demand Hits a 14.6 TWh First-Quarter Record

REN's Q1 2026 Net Profit More Than Doubles to €36.2 Million on a Storm-Hit Comparison Base — EBITDA Up 11.1% to €143.2 Million as Chile Contributes, CESE Gas Levy Disappears and Electricity Demand Hits a 14.6 TWh First-Quarter Record

REN booked Q1 2026 net profit of €36.2 million, up 150.7% on the storm-hit Q1 2025 base. EBITDA rose 11.1% to €143.2 million, capex fell 29.9%, and electricity demand hit a 14.6 TWh first-quarter record. CESE-gas elimination added €10M of tax relief; Portgás CESE-2022 ruling added another €4.1M.
The Portugal Brief
Guy Pacheco's Debut Quarter at CTT Books a 17.6% Profit Drop to €4.5 Million on Iran-Hormuz, the January-February Storms and a 39.6% Collapse in Public-Debt Placements — Revenue Still Up 14.1% to €329.4 Million

Guy Pacheco's Debut Quarter at CTT Books a 17.6% Profit Drop to €4.5 Million on Iran-Hormuz, the January-February Storms and a 39.6% Collapse in Public-Debt Placements — Revenue Still Up 14.1% to €329.4 Million

CTT's Q1 2026 numbers — Guy Pacheco's debut quarter as CEO — print net profit down 17.6% to €4.5 million on Iran-Hormuz, the January-February storm cluster and a 39.6% collapse in public-debt placements, even as revenue lifts 14.1% to €329.4 million.
The Portugal Brief
Farminveste's 2025 Net Profit Quintuples to €58.7 Million on the Alloga Logifarma Divestment — €908.6 Million Revenue, €51.6 Million EBITDA as the ANF-Controlled Holding Reweights Around Glintt, CUF and HMR International

Farminveste's 2025 Net Profit Quintuples to €58.7 Million on the Alloga Logifarma Divestment — €908.6 Million Revenue, €51.6 Million EBITDA as the ANF-Controlled Holding Reweights Around Glintt, CUF and HMR International

Farminveste's 2025 net profit hit €58.7M, nearly quintupling 2024's €11.2M, on the May-2025 sale of 51% of Alliance Healthcare (Alloga Logifarma). Volume of business €908.6M (+7.6%); EBITDA €51.6M (+10%); continuing ops €26M; discontinued ops €73.8M from the divestment.
The Portugal Brief
Corticeira Amorim's Q1 2026 Net Profit Falls 6.5% to €15.4 Million on a Sales Drop to €211 Million — But the Mosaic Reads Better Than the Headline as Net Debt Halves to €42.5 Million and the Board Locks a €25 Million Buyback From 11 May

Corticeira Amorim's Q1 2026 Net Profit Falls 6.5% to €15.4 Million on a Sales Drop to €211 Million — But the Mosaic Reads Better Than the Headline as Net Debt Halves to €42.5 Million and the Board Locks a €25 Million Buyback From 11 May

Corticeira Amorim Q1 2026: net profit -6.5% to €15.4M on €211M sales (-8% reported, -6.8% ex-FX). EBITDA margin lifts to 17.3%. Net debt halves to €42.5M. Board signs off a €25M buyback from 11 May plus a €0.35-per-share dividend on 26 May.
The Portugal Brief