#None #financial results #Ferrovial #Infrastructure Company

Ferrovial Reports Strong Financial Performance for H1 2025

Ferrovial, a top global player in infrastructure development, has just announced impressive financial results for the first half of 2025. The company has achieved significant growth, seeing its net profit soar by 30% to €540 million, a notable increase from €414 million during the same period last year. This substantial rise is fueled by the outstanding performance across various business sectors, particularly in North America, which is becoming a central hub for the company's operations.

During this period, Ferrovial's revenue jumped to €4.5 billion, marking a 5% increase year over year in like-for-like terms. A key driver of this growth was the highways sector in the U.S., where the company has successfully captured the rising demand for transportation infrastructure. Ignacio Madridejos, CEO of Ferrovial, stated, "We witnessed remarkable growth in the first half of 2025, and our North American assets played a significant role in this success. Our highways are providing essential capacity in growing urban areas, and we are continuously adapting our offers to meet customer needs."

The adjusted EBITDA rose to €655 million, reflecting a growth rate of 9.2% compared to the previous year. This increase illustrates the efficiency and effectiveness of Ferrovial’s operational strategies and its focus on maintaining profitability while expanding its market share.

Performance Breakdown

The highways division saw revenue climb by an impressive 14.9%, reaching €676 million. The U.S. Express Lanes, in particular, reported higher revenue per transaction, which exceeded inflation rates. The 407 ETR in Canada also showcased strong performance, experiencing double-digit growth in EBITDA, despite challenging weather and additional payment schedules for 2025.

Meanwhile, the construction sector focused on maintaining a healthy EBIT margin, which improved to 3.5%, aligning with the company’s long-term goals. Impressively, the construction order book hit a record high of €17.3 billion, with North America contributing 45% of this total.

In the airports division, the New Terminal One (NTO) at JFK International Airport is making promising strides, now at 72% completion. As of late July 2025, agreements with 21 airlines have been executed, indicating strong support from service providers. The refinancing process for NTO was completed successfully in July with the issuance of green bonds worth nearly USD 1.4 billion.

Solid Financial Position

As of the end of the first half, Ferrovial boasts a robust liquidity position of €3.7 billion and net consolidated debt standing at -€223 million, dismissing infrastructure projects from these figures. This financial strength has allowed the company to invest significantly in various projects and shareholder distributions, such as allocating €334 million for shareholder returns and injecting €244 million into equity for the New Terminal One project.

Looking Ahead

As Ferrovial moves forward, the executive team remains optimistic about the prospects of North American assets. The company anticipates continued demand in infrastructure development and has positioned itself well to capitalize on future opportunities. With a strong operational structure and financial health, Ferrovial is on track to meet its long-term objectives while providing value to its stakeholders.

In conclusion, the first half of 2025 has been a standout period for Ferrovial, characterized by impressive financial results and a firm commitment to growth across its operational landscape. The upcoming conference call on July 30 will delve deeper into these results and outline the strategic direction as the company continues to forge ahead in the ever-evolving infrastructure sector.