By Mireia Merino

Feb 25 (Reuters) - Spanish construction group ACS ACS.MC on Wednesday said its full-year net profit rose 25.3%, helped by a strong performance in the United States.

ACS's solid performance underscored its strategic shift toward U.S. infrastructure and data centres, a focus that has driven the stock up 28.5% this year even as companies with American exposure face uncertainty over tariff policies.

KEY DETAILS

• Net income came in at 857 million euros ($1.01 billion) in 2025, while analysts polled by LSEG had expected an average of 862.2 million euros.

• Revenues increased 19.7% to 49.85 billion euros, slightly above the 49.54 billion euros estimated by analysts.

• The U.S. and Canada, where the company has won several contracts over the past year related to digitalisation, data centres and transport infrastructure, accounts for about 63% of ACS's revenues.

• The Madrid-based firm surpassed its guidance of up to 17% ordinary net profit growth for 2025, but did not provide any outlook for 2026.

• Analysts expect ACS to continue benefiting from U.S. infrastructure megatrends, with Bernstein forecasting double-digit average growth in earnings and dividends per share through 2027.

• ACS did not address the potential impact from U.S. tariff policies on its infrastructure projects.

($1 = 0.8466 euros)