Several large Portuguese companies have released their first-half results for 2026, showing varied performance across sectors. While the utility company EDP and the bank Millennium BCP reported profit increases of 3% and 12.7% respectively, the retailer Jerónimo Martins and the industrial firm Corticeira Amorim saw their profits decline.
Major Portuguese firms report mixed first-half financial results
Wednesday, 29 July 2026AI summary
Context & Explainers
E-Redes (formerly EDP Distribuição) is the company that operates Portugal's low- and medium-voltage electricity distribution network, serving over 99% of mainland Portugal. It is a subsidiary of EDP (Energias de Portugal), the country's largest energy utility.
E-Redes is responsible for maintaining power lines, substations, and transformers; connecting new customers and solar panels to the grid; reading meters; and restoring power after outages. It operates under a concession granted by the Portuguese government and is regulated by ERSE (Entidade Reguladora dos Serviços Energéticos).
During storms and extreme weather, E-Redes coordinates emergency repair crews to restore electricity supply. Residents can report outages and check restoration timelines through the E-Redes website or app. The company is also central to Portugal's energy transition, managing the integration of growing rooftop solar and electric vehicle charging into the distribution grid.
Banco Comercial Português is Portugal's largest private bank, commonly known by its brand Millennium bcp, offering retail, corporate and investment banking and listed on the Euronext Lisbon stock exchange. Its size and retail footprint mean developments at BCP can affect everyday banking services, credit availability and investor confidence in Portugal's financial markets.
8 sources
- Portugal economy shows resilience with strong second-quarter growthThe Portugal News ·
- Sonae profit rises 20.5% to 123 million by Juneobservador.pt ·
- BCP profit rises almost 13% to 565.8 million euros in the first halfcmjornal.pt ·
- Corticeira Amorim profit falls 31.7% to 25.2 million in the first halfdinheirovivo.dn.pt ·
- Retail drives Sonae, which posts €123 million profit in the first halfexpresso.pt ·
- EDP reports slight profit increase to 732 million euros for the semestereco.sapo.pt ·
- EDP profits rise 3% to 732 million euros in the first half of the yeardinheirovivo.dn.pt ·
- Jerónimo Martins profit falls 3.5% in the first half to 260 million eurosrtp.pt ·
