What company is FCC
Fomento de Construcciones y Contratas, S.A. is the Spanish parent of FCC Group, which operates in environmental services, water, construction and concessions. Its tax identifier is A28037224 and its registered office is at Balmes, 36, Barcelona. This profile covers the consolidated group: subsidiary sales are not added again, and FCC is broader than a single construction company. Its Spanish legal identity is compatible with a Mexican controlling shareholder.
Sources: 2025 corporate governance: identity, shareholders and control · 2025 results: businesses, transactions and consolidated figures · FCC filing with CNMV: identity and controlling company, 2023. IAGC: pp. 1, 10; results: p. 6.
From FOCSA and CYCSA to FCC Group
The business traces its history to Fomento de Obras y Construcciones (FOCSA), founded in 1900. A 1911 contract to clean and maintain Barcelona’s sewers opened a route from construction into urban services. FCC emerged in 1992 through the merger of FOCSA and Construcciones y Contratas (CYCSA). The registration document dates the legal incorporation of today’s parent to 14 October 1944, under the name Construcciones y Reparaciones, S.A.: business origins, legal incorporation and merger are different milestones.
In its institutional account, FCC credits Ernesto Koplowitz with the origins of Construcciones y Contratas and Esther Koplowitz with its subsequent development. This family continuity forms part of the group’s history; its present control structure is documented separately in shareholder disclosures.
Sources: FCC history: origins and the 1992 merger · Registration document: legal incorporation of the parent · Chair’s letter: FCC’s business heritage.
Ownership: control and voting rights
The 2025 corporate governance report identifies Control Empresarial de Capitales, S.A. de C.V. (CEC) as the controlling entity. The 2023 CNMV filing describes CEC as a Mexican company held by members of the Slim family through Fideicomiso F/125. The shareholder table needs careful reading: it reports 72.802% attributable to CEC for disclosure purposes, but the footnote specifies actual direct and indirect voting rights of 69.619%. The difference includes an Esther Koplowitz holding over which CEC has no voting rights.
Finver Inversiones 2020, S.L.U. is reported at 11.918%; Carlos Slim’s indirect interest also shown in the report represents the same holding and must not be counted twice. These are year-end 2025 disclosures, not a claim that percentages remained unchanged throughout 2026.
Sources: 2025 corporate governance: identity, shareholders and control · FCC filing with CNMV: identity and controlling company, 2023. A.2, A.3, A.8; pp. 3–6, 10.
The Inmocemento separation and subsidiary partners
The demerger registered on 7 November 2024 transferred FCC’s interests in FCYC and Cementos Portland Valderrivas, which held its real estate and cement businesses, to Inmocemento. FCC’s 2025 profile therefore focuses on four divisions and does not include those businesses as though they remained in the same group. Shared shareholders or directors do not remove the corporate separation.
On 19 December 2025, the sale of a further 25% of FCC Servicios Medio Ambiente Holding, S.A., marketed as FCC Enviro, to CPP Investments closed. FCC retained 50.01% and control; CPP reached 49.99%. In water, Aqualia reports FCC ownership of 51% and IFM Investors ownership of 49%. These are minority partners in specific businesses, not ownership percentages in FCC, S.A.
Sources: 7 November 2024 disclosure: Inmocemento demerger · 2025 results: businesses, transactions and consolidated figures · Aqualia: business and FCC/IFM ownership. Results: p. 3.
How FCC earns revenue and which brands it uses
FCC combines urban-service contracts, facility operations, engineering and construction projects, and infrastructure concessions. Its value chain varies by business: fleets and treatment plants in waste; networks, treatment works, chemicals and meters in water; materials, machinery and specialist subcontractors in construction. Multi-year contracts provide continuity, but the remaining order book is not current-year revenue.
FCC Enviro is the global environmental brand launched in 2025; it coexists with FCC Medio Ambiente, FCC Environment, FCC Environmental Services and FCC Environnement. Aqualia identifies the water business. FCC Construcción carries out civil engineering and building projects; FCC Concesiones develops and operates infrastructure interests. A brand, a legal company and a financial reporting division are different concepts.
Sources: FCC 2025: sustainability, workforce and occupational safety · 2025 results: businesses, transactions and consolidated figures. Sustainability: pp. 7–9; results: pp. 2–4.
Markets, contracts and facilities
Spain generated 50.3% of 2025 revenue. The remainder came from European markets, the Americas and operations in the Middle East, Africa and Australia. Specific developments reported during the year included Granada’s street-cleaning and waste-collection contract, the acquisition of the Wheelabrator South Broward energy-from-waste plant in Florida, and the purchase of Cumbria Waste Group in the United Kingdom.
In infrastructure, the report records the opening of the final A465 sections between Hirwaun and Dowlais in Wales and awards such as phase 2 of New York’s Second Avenue Subway. A road opened to traffic and a newly awarded contract represent different stages: the whole order book is not presented as completed facilities or wholly owned FCC assets.
Sources: 2025 results: businesses, transactions and consolidated figures. pp. 2–4, 6, 8.
Economic scale in 2025
Consolidated revenue for January–December 2025 was €9,700.131 million, compared with restated 2024 revenue of €9,070.546 million. This sales-and-services line is used, rather than economic value generated of €10,080.254 million, which includes other income. The results report, rounded to one decimal million, gives profit attributable to the parent of €164.4 million and consolidated net profit of €275.6 million: non-controlling interests explain the difference. The June 2026 interim statements restate that 2025 attributable profit to €164.117 million. FCC: interim financial statements at 30 June 2026.
Reported divisional revenue was €4,740.2 million in environment, €1,790.2 million in water, €3,091.8 million in construction and €112.0 million in concessions, with −€34.1 million in corporate services and adjustments. These reconcile to €9,700.1 million after rounding. The figures describe a group with different businesses and ownership interests; they are not Spain-only revenue.
Sources: FCC 2025: sustainability, workforce and occupational safety · 2025 results: businesses, transactions and consolidated figures. Sustainability: pp. 54, 203; results: pp. 6–7.
Workforce and counting method
FCC reports a closing workforce of 72,910 people at 31 December 2025, across 40 countries, comprising 61,297 permanent and 11,613 temporary contracts. The report uses headcount, except for proportionately consolidated joint operations, where the group’s ownership percentage is applied. It should therefore not be read as the full census of every investee’s workers, an annual average workforce or full-time equivalents.
The workforce boundary follows consolidation criteria and excludes employees of equity-accounted joint ventures and associates. This distinction also matters for safety indicators: an accident count cannot simply be divided by closing workforce without checking the population and exposure hours used.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 120–122; note 21.
Who leads FCC
The board page checked on 8 November 2026 identifies Esther Alcocer Koplowitz as chair, a role held since January 2013, and Pablo Colio Abril as chief executive. Colio joined the board in September 2017; the page records his latest appointment on 24 June 2026. The chair is a different person from Esther Koplowitz Romero de Juseu. Corporate and divisional management have different responsibilities; the safety report assigns implementation of the group policy to divisional leadership.
Sources: FCC board of directors and management · FCC 2025: sustainability, workforce and occupational safety. Sustainability: p. 165.
Specific preventive measures
In environment, the 2025–2027 safety plan includes reviewing the management system and extending equipment isolation at treatment plants. FCC reports full implementation at pilot plants and approximately 50% across facilities, covering equipment identification, procedures, locks, training and inspections. This percentage describes deployment, not a demonstrated reduction in accidents.
Construction measures include respirable crystalline silica measurements at Metro de Madrid, short site talks and checks that safety plans match current activities. Water operations are developing common standards for asbestos, explosive atmospheres and chlorine gas, alongside a protocol addressing aggression. The report also describes campaigns and procedures for extreme temperatures and weather events affecting work and travel.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 166–169.
Contractors and management-system scope
In construction, FCC describes communicating applicable safety-plan provisions to subcontractors and holding periodic meetings to coordinate measures, hear concerns and track actions. Supplier qualification incorporates prevention requirements. In water, the report links contractor standardisation to digital platforms and audits. These documented practices do not by themselves establish consistent performance across all suppliers.
FCC reports ISO 45001 systems in its divisions and ISO 39001 in activities such as road maintenance and urban sewer operations in Madrid. This is not extended into a claim of universal group certification. Reported management-system coverage for 2025 is 88.81%, but the main text describes employees while the annex describes employees and non-employees; the percentage is not presented as ISO-certified coverage either.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 165, 167–168, 192, 386.
Accidents: figures and differences within the report
The report records 2,148 accidents in 2025: the main text calls them lost-time accidents while the annex labels them recordable, compared with 2,085 in 2024. Both descriptions are retained without treating the categories as identical or calculating a new rate. For own employees, it reports six work-related fatalities in 2025, compared with three in 2024.
The annex table adds two subcontractor fatalities in 2025 and two in 2024. However, the main text states that no non-employee fatalities occurred in 2025. The document does not allow these populations to be reconciled here; consequently, no conclusion of zero external fatalities is drawn. Preventive activity and zero-harm goals must be read alongside these outcomes, rather than presented as achievement of zero accidents.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 168, 386.
Digitalisation, data and artificial intelligence
In water, FCC describes BeOHS, based on Cority, as a global corporate platform for tracking indicators and preventive and corrective actions. It also mentions an external safety-maturity assessment using the ARUP model and the BeAqualia wellbeing index. These are specific water-business tools and processes, not demonstrated deployments in every FCC company.
In 2025 the group launched an artificial-intelligence project intended to predict accidents using investigation reports, accident records and working-condition information. The report explains its purpose but does not provide independent accuracy validation or evidence of a causal reduction in injuries here. It is presented as a project, not an ability to anticipate every accident or replace preventive assessment.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 166–167, 169.
Environmental services, health and working conditions
Waste collection and treatment, sanitation and water management are services FCC sells. Their environmental contribution must be distinguished from protection of the people operating facilities and vehicles. In occupational wellbeing, VIVE Saludable included 2025 workshops on psychological first aid, healthy relationships, nutrition and physical activity; attendance records describe participation, not clinical outcomes.
The report also describes work on personal protective equipment sizes and designs suited to female body shapes and adaptation of management and supervisory tasks. Editorially, these measures offer a way to examine whether job and equipment design considers users; their existence does not prove that every necessary adaptation has been completed.
Sources: FCC 2025: sustainability, workforce and occupational safety. pp. 7–9, 170–171.
Challenges and Sabentis’s preventive reading
Revenue growth in 2025 coincided with a decline in attributable profit. FCC explains part of the pressure through revisions to progress and expected completion costs on international construction projects; 2024 also included discontinued-operation results. Comparison requires consistent boundaries and restated figures, not just percentage changes.
Sabentis’s editorial reading focuses on checking actual work: energy isolation before intervention, silica and chemical exposure, coordination between employers and action follow-up. FCC provides documented examples for examining these issues, but internal differences in indicators and reported fatalities prevent an implemented programme from being equated with an adequate safety outcome. This is an editorial interpretation of sources, not an audit of FCC sites.
Sources: 2025 results: businesses, transactions and consolidated figures · FCC 2025: sustainability, workforce and occupational safety. Results: pp. 7, 9–11; sustainability: pp. 166–169, 192, 386.
In July 2022, the CNMC fined FCC Construcción €40.4 million for anticompetitive practices in public works tenders. In its financial statements at 30 June 2026, FCC disputed that assessment and reported its appeal before Spain’s National Court and the interim suspension of payment. Suspension does not amount to annulment of the fine.
Sources: CNMC: construction tendering fines, July 2022 · FCC: interim financial statements at 30 June 2026. Interim statements: note 16, p. 42.
Frequently asked questions
Is FCC a Spanish company?
Yes. Fomento de Construcciones y Contratas, S.A. has its registered office in Barcelona. The 2025 report identifies Mexico’s Control Empresarial de Capitales, linked to the Slim family, as controlling shareholder. [1] · [2]
How do FCC, FCC Enviro and Aqualia differ?
FCC is the group parent. FCC Enviro represents its environmental business, with CPP Investments as a minority partner. Aqualia operates the water business, with IFM Investors as minority partner. Their figures are not added again to consolidated totals. [1] · [2]
Is Inmocemento still within FCC Group?
The demerger registered on 7 November 2024 transferred the real estate and cement businesses to Inmocemento. They are not included in this description of FCC’s 2025 boundary, despite shared shareholders and directors. [1]
How much revenue did FCC earn in 2025?
The consolidated group recorded EUR 9,700.131 million of revenue for the full year. This is neither the contract order book nor Spain-only sales. [1]
Which specific preventive measures does FCC document?
Examples include equipment isolation at waste plants, silica measurements at Metro de Madrid, asbestos and chlorine-gas standards in water operations, and subcontractor coordination. Scope and deployment differ; universal coverage is not claimed. [1]
Has artificial intelligence already been shown to reduce accidents?
The source describes a project started in 2025 to investigate accident prediction. It provides no independent validation here and does not demonstrate that changes in injury outcomes were caused by the project. [1]
