< Back to all clusters
[BUSINESS] · Portugal · 2 sources

started · updated

Portuguese companies Estoril-Sol and Menzies Aviation report improved financial results

Estoril-Sol reported a reduction in losses for the first half of 2026, recording a net loss of approximately 600,000 euros. This is a significant improvement compared to the 1.8 million euro loss during the same period in 2025. The company's gaming revenue grew by 12% to 92.2 million euros, driven largely by a 28% increase in online gaming revenue, which reached 32.4 million euros.

Menzies Aviation Portugal transitioned from a loss to a profit in 2025, reporting 9.4 million euros in earnings after a 15.8 million euro loss the previous year. The airport handling service provider saw a 9% increase in sales to 189.6 million euros. This turnaround was aided by a significant reduction in provisions related to a voluntary departure program and growth in cargo and handling segments. While TAP remains its primary client, the company noted growth in services for airlines such as KLM and United Airlines.

Entities

Estoril-Sol · Menzies Aviation Portugal · TAP Air Portugal