The state-owned company Infraestruturas de Portugal (Infraestruturas de Portugal or IP) recorded a net profit of 135 million euros in 2025, the highest value since its creation in 2015. This 8.8% increase occurred despite a reduction in toll revenue following the end of certain toll-free road schemes (SCUT). Meanwhile, the government has selected Paulo Carmona, the current director-general of the Directorate-General for Energy and Geology (Direção-Geral de Energia e Geologia or DGEG), to serve as the next president of the company.
Infraestruturas de Portugal reports record profits for 2025
Wednesday, 22 April 2026AI summary

Context & Explainers
Infrastructure of Portugal (Infraestruturas de Portugal, or IP) is the state-owned company that manages the country’s rail network and major national roads; it was created in 2015 by merging the previous rail and road infrastructure agencies. IP plans and carries out maintenance, sets temporary restrictions on lines, and coordinates with train operators such as CP, so passengers should check IP notices and operator updates during works or severe weather.
5 sources
- Portugal among OECD countries where wages saw real growth in 2025dinheirovivo.dn.pt ·
- IP profits 135 million in 2025, a year in which it invested lessobservador.pt ·
- IP records record profit in 2025, despite earning 21 million less in tolls following the end of SCUTeco.sapo.pt ·
- Eurozone reduces deficit to 2.9% in 2025 and Portugal has the 5th largest surplus in the EUcnnportugal.iol.pt ·
- Infraestruturas de Portugal profit rises 8.8% to €135m in 2025rtp.pt ·







