What OHLA is and which entity this profile covers
OHLA is the brand of the consolidated group headed by Obrascón Huarte Lain, S.A., a Spanish company incorporated on 15 May 1911. Its registered office is at Paseo de la Castellana 259 D, Madrid. Its shares are listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges through the Spanish continuous market. Operations are conducted through subsidiaries, branches and collaborative structures in different countries. The commercial brand does not replace the legal company name or, by itself, identify the employer at each construction site. Consolidated figures are also different from the parent company’s separate accounts. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18; OHLA: general shareholder information.
From Obrascón, Huarte and Lain to the OHLA brand
The corporate timeline places Obrascón’s origins in Bilbao in 1911; Huarte’s in Pamplona in 1927, established by the Huarte and Malumbres families; and Lain’s in 1963 as a subsidiary of the British company John Laing Construction. The three businesses came together as OHL in 1999. The group entered the United States in 2005 and expanded there through acquisitions, including Judlau in 2010. On 6 July 2021 it introduced OHLA as its new brand. This change in visual identity did not constitute a new foundation or alter the Spanish company’s incorporation date. OHLA USA: group history; OHLA: new brand, 6 July 2021.
Shareholders, chairmanship and executive management
Corporate information checked on 8 November 2026 identifies Luis Fernando Martín Amodio Herrera as chairman, Julio Mauricio Martín Amodio Herrera as vice-chairman and Tomás Ruiz González as chief executive officer. The concerted-action notification registered with the CNMV in July 2026 reports an aggregate 29.429% for the Amodio brothers and their vehicles: 22.201% in voting rights attached to shares and 7.228% through financial instruments. It includes share loans linked to financial contracts. This total should not be described as a directly held 29.429% ordinary shareholding or as complete ownership of the group. OHLA: corporate governance; CNMV: Amodio concerted action, July 2026 notification, PDF p. 2; CNMV: Amodio concerted action, July 2026 notification, PDF p. 5.
Construction, engineering and facility operation
Construction covers civil engineering and buildings for public and private clients, including roads, railways, airports, ports, hospitals and water infrastructure. Industrial activities encompass the design, construction, maintenance and operation of energy, mining, cement and fire protection plants and systems. Delivery can combine the group’s own resources with suppliers and contractors. For contracts spanning several years, estimates of costs and progress determine revenue recognition: the 2025 audit identifies this as a key audit matter. Contract backlog, revenue earned during a financial year and the total value of a project are different measures. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 4; OHLA: construction; OHLA: industrial activities.
Markets and geographical distribution of revenue
The group’s main markets are Spain, the United States, Latin America and other parts of Europe. The 2025 continuing-operations breakdown reports €1,190.286 million for the United States and Canada; €904.545 million for Spain; €528.389 million for Central and Eastern Europe; €269.675 million for Chile; and €234.858 million for Peru. These are geographical accounting categories, rather than the revenues of individual companies. International operations require distinctions between employment frameworks, contractors and conditions at each project. A certificate or indicator from one regional operation cannot automatically be extended to every country in which OHLA operates. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 91.
What the audited 2025 accounts show
The consolidated accounts report €3,455.143 million in revenue from continuing operations, compared with €3,651.866 million in 2024. EBITDA as defined in the financial note is €194.041 million and operating profit is €128.016 million. Total consolidated profit is €11.794 million, comprising €10.085 million attributable to non-controlling interests and €1.709 million to owners of the parent. These figures are not interchangeable. EY issued an unmodified audit opinion on 24 March 2026. Verification of the non-financial statement is a separate limited-assurance engagement with a different scope. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 14; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 19; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 3; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 8; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 358.
Why Services is reported as a discontinued operation
The accounts present Services as a discontinued operation because of the divestment process initiated in 2023. The division includes cleaning, maintenance, urban services, waste management and social and healthcare services; OHL Servicios Ingesan, S.A.U. is among the entities described. In 2025 it generates €566.517 million in revenue and a loss of €0.042 million. Its revenue is disclosed separately from the €3,455.143 million for continuing operations. The accounting classification does not mean that services have ceased or establish that a sale has completed. The first-half 2026 report retains this presentation, so the separate scopes must also be preserved when interpreting employment and prevention data. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 52; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 55; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 68.
Employment: year-end workforce and annual average
The 2025 personnel note distinguishes 11,699 employees at year end from an annual average of 13,355 in continuing operations. For Services, classified within discontinued operations, it reports 20,595 at year end and an average of 20,826. These are people counted over defined periods and scopes; they are not presented here as full-time equivalents. For social reporting, the statement distinguishes employees from specified non-employee categories, including self-employed people, workers supplied by employment businesses and personnel provided by temporary joint ventures. That definition does not automatically encompass everyone in the supply chain. Maintaining these distinctions prevents occupational safety indicators from being assigned broader coverage than the evidence supports. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 106; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 240.
Projects and concessions: different roles and timeframes
OHLA combines project construction with participation in concessions, where construction is linked to financing, operation and maintenance over longer periods. The 2025 report documents participation in a consortium for a 30-year Brazilian concession covering 219 kilometres of the BR-040 and BR-495 roads. In port construction, SATO is working with Rubau on three ferry berths in Barcelona. These examples illustrate specific activities and collaborative arrangements. The value of a contract awarded to a joint venture is not, by itself, the revenue or economic interest attributable to OHLA. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 143.
BIM, materials and construction waste management
The company describes using BIM to integrate design and delivery information, supported by training and common procedures. Examples include the 72nd Street station in New York, Américo Vespucio in Chile and Torre Caleido in Madrid. Its technical developments include Cubipod for rubble-mound breakwaters. The 2025 report also documents sorting, traceability and recovery of construction and demolition waste, alongside an agreement with the Fundación de la Universidad Autónoma de Madrid to research artificial intelligence applications for waste management. The existence of these projects does not, by itself, demonstrate a reduction in accidents or a measured environmental outcome. OHLA: innovation and BIM; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 230; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 231.
How OHLA organises workplace prevention
The quality, health and safety, energy and environmental policy commits the organisation to eliminating hazards, reducing risks, consultation and participation, and continual improvement. It includes road safety, fire protection and emergency response, as well as physical, mental and social health. It recognises the ability to stop work in the event of serious and imminent danger without retaliation. In its 2025 report, OHLA describes a management system linking hazard identification, risk assessment, preventive and corrective measures and monitoring of effectiveness. These are documented commitments and processes; their existence does not establish an absence of harm or, by itself, prove consistent application at every site. OHLA: quality, health and safety, energy and environmental policy; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 245; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 247.
Participation and training linked to construction sites
During 2025, OHLA Construction’s National Occupational Health and Safety Commission, representing the committees established in Spain, continued periodic meetings alongside health and safety committees. The group describes mandatory training adapted to job roles and risks for site teams, supervisors and senior management, and safety leadership visits across different regions. Sessions in Peru covered leadership and the Internal Occupational Health and Safety Regulations. The prevention service also collaborated on guidance and training concerning respirable crystalline silica. This documents a specific action, without establishing a measured reduction in exposure. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 245; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 246.
ISO 45001: reported coverage and the 2026 update
The 2025 report declares ISO 45001 coverage for people working in countries and sites included in the integrated management system. The SGS certificate available on the website, issue 7, identifies entities and activities and states validity from 17 October 2025 to 4 August 2026. Subsequently, on 7 October 2026, OHLA announced renewal of the certifications and the inclusion of OHLA USA in the corporate multisite scheme. That corporate announcement is distinguished from the older downloadable certificate: a new document specifying sites, activities and validity dates has not been verified. Coverage is not extended here to every subsidiary or contractor. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 268; SGS: OHLA ISO 45001 certificate, issue 7, PDF p. 1; OHLA: certification renewal announcement, 7 October 2026.
Accidents and the fatality reported for 2025
The occupational safety table, separate from the Services annex, records 253 employee accidents, 9,675 days of absence and a rate of 9.5 accidents per million hours worked. For non-employees it reports 162 accidents, 5,738 days and a rate of 12.2. There were no employee fatalities, but a subcontractor died in Peru; zero fatalities across the entire group would therefore be incorrect. The table reports no work-related illnesses in either population within this scope. Compared with 2024, accident counts fell, but employee absence days and the non-employee accident rate increased. Exposure, frequency and severity therefore need to be read together. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 268; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 269.
Services: safety indicators with a separate scope
The Services annex reports 23 occupational diseases and 28,596 lost working days in 2025, with no fatalities in the division. Its frequency index is 26.57 and its severity index is 0.79: the former uses lost-time accidents per million hours and the latter lost days per thousand hours, excluding commuting accidents. The frequency index is not directly comparable with the all-accident rate for the other reporting scope. The ISO coverage statement refers to 100% of the Services workforce in Spain, representing 80.7% of Services’ own workforce. It does not establish universal certification across the group or negate the reported harm. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 334; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 335.
OHLA People and climate-related risks
In 2025, the OHLA People programme migrated to a platform managed by QuirónPrevención. The report records 320 registered participants and explains that, after reviewing participation, the company decided at year end to reconsider its rollout. The initiative is therefore not presented as a universally successful programme or evidence of clinical improvement. The group also conducted a global survey on measures addressing extreme heat, flooding and other conditions affecting construction sites and projects. The plan schedules specific measures arising from that consultation for 2026 and indicator development for 2027: these are future milestones relative to the reporting year, rather than actions already demonstrated by the 2025 data. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 248; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 249.
Contractors, due diligence and labour rights
The 2025 report describes implementation of a third-party due diligence tool and a pilot undertaken in Chile during 2024 and 2025. Systematic extension to other regions is described as a subsequent development. It also explains that the supplier ethical code drafted in 2025 was awaiting approval when the report was prepared. The ethical channel accepts confidential reports and provides for protection against retaliation; responses can include training, contractual requirements and corrective measures. These tools provide context for contractor management, particularly following the reported fatality in Peru, but do not, by themselves, demonstrate that the whole supply chain has been audited or is free of breaches. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 275; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 276; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 278; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 279; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 269.
What the first-half 2026 information adds
The interim report released in August 2026 records €1,749.0 million in revenue from continuing operations, €96.1 million in EBITDA and €0.5 million in attributable net profit. Adjusted figures excluding the Flaggers litigation are different and do not replace these results. The document also confirms completion of the Centro Canalejas Madrid asset separation on 29 April 2026, giving OHLA independent management and control of Galería Canalejas and the main car park. This transaction does not establish ownership of the entire complex. The half-year figures update the context while remaining separate from the annual figures for 2025. CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 68; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 69; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 70.
Judlau’s employment litigation in New York
The Herman or Flaggers case concerns Judlau Contracting, the group’s US subsidiary, and wages and benefits owed to a group of construction flaggers. On 24 June 2026 OHLA notified the CNMV that leave to appeal to the higher court had been denied and that Judlau was required to pay US$43,924,202.36 plus interest. The interim report confirms payment in July. This is an employment and financial dispute, rather than a penalty for an accident. The company maintains a claim against its former lawyers over the handling of the case; that claim is separate from its obligation to the workers and does not establish that the amount has been recovered. CNMV: OHLA reports the outcome of Judlau’s employment litigation; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 60; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 61; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 70.
The river defence contract dispute in Peru
On 9 March 2026, Peru’s National Infrastructure Authority announced termination of four river defence contracts, alleging omissions of information about international sanctions during procurement. OHLA disputed the action and pursued contractual and arbitration mechanisms. Its interim report describes interim measures issued in March, favourable decisions received from contractual adjudication boards for two projects by the reporting date, and consolidated arbitration claims covering all four projects. Each position is attributed to the relevant party. The evidence supports an account of the dispute and its development up to August 2026, without establishing a final resolution of every claim or treating the allegations as findings on employment liability. ANIN: statement on four river defence contracts; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 61; CNMV: OHLA financial statements and management report, first half of 2026, PDF p. 62.
Frequently asked questions
Are OHLA and OHL the same company?
OHLA is the brand introduced in July 2021 by the group previously known as OHL. Its principal entity retains the legal name Obrascón Huarte Lain, S.A. and its 1911 incorporation date. It is not a company founded in 2021. OHLA: new brand, 6 July 2021; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18.
[1] · [2]Is OHLA a Spanish company?
The principal company is registered in Madrid and listed on the Spanish continuous market. The group operates internationally, particularly in Spain, the United States, Latin America and other European countries; the parent’s nationality does not make conditions identical across its subsidiaries. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 18; OHLA: general shareholder information.
[1] · [2]What was OHLA’s revenue in 2025?
The audited accounts show €3,455.143 million in revenue from continuing operations. Services contributes a separate €566.517 million as a discontinued operation. This distinction explains why a figure including both scopes differs from the revenue shown in the main income statement. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 14; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 55.
[1]How many people worked at OHLA at the end of 2025?
The accounts distinguish 11,699 employees in continuing operations and 20,595 in discontinued Services. Their respective annual averages are 13,355 and 20,826. These counts should not be confused with one another or treated as full-time equivalents. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 106.
[1]What company-specific occupational safety information does OHLA publish?
The 2025 report documents committees, risk-specific training, work on silica, OHLA People and a consultation on climate-related risks. Within the scope excluding Services, it reports 253 employee accidents and 162 non-employee accidents, including a subcontractor fatality in Peru. The Services annex separately reports 23 occupational diseases. The indicators must retain their scope and definitions. OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 245; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 246; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 249; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 269; OHLA: consolidated accounts, management report and non-financial statement 2025, PDF p. 335.
[1]Has current ISO 45001 validity been verified for the whole group?
OHLA announced renewal in October 2026 and inclusion of OHLA USA in the multisite scheme. However, the downloadable certificate reviewed still states an expiry date of 4 August 2026. The announcement is documented, but a new certificate has not been verified and its scope is not extended to every entity and contractor. SGS: OHLA ISO 45001 certificate, issue 7, PDF p. 1; OHLA: certification renewal announcement, 7 October 2026.
[1] · [2]
