Ferrovial Reports Robust Growth in the First Nine Months of 2026

Ferrovial's Strong Financial Performance in 2026

In the highly competitive landscape of global infrastructure development, Ferrovial has emerged remarkably strong in its latest report for the first nine months of 2026. The company has recorded impressive operating results, with revenue increasing by 10.8% year over year, along with an astounding 21.8% rise in adjusted EBITDA, showcasing its robust operational efficiency.

Ferrovial's successful performance is primarily attributed to its thriving Highways division, particularly in North America. The company reported strong revenue growth specifically from its U.S. Express Lanes, which significantly outperformed inflation rates, underpinning the effectiveness of its business strategy focused on quality infrastructure in expanding markets. With the first three quarters of 2026, Ferrovial has demonstrated its capacity to navigate through challenges and deliver on its commitments to stakeholders.

According to CEO Ignacio Madridejos, the results highlight the efficacy of the company’s distinct operational approach. He emphasized that the groundwork laid through successful public-private partnerships in various states, including recent project wins in Tennessee and Georgia, signifies a proactive step towards long-term value generation. The I-24 Southeast Choice Lanes project in Nashville and the I-285 East Express Lanes project in Atlanta stand as testaments to Ferrovial’s expertise in managing complex projects effectively.

Ferrovial's revenue during the nine-month period for the Highways division reached €1.1 billion, reflecting a 14.7% increase on a like-for-like basis. This segment's success is underpinned by a robust order book that is now at an all-time high of €19 billion, with North America's contributions leading the way at 51%.

Also noteworthy is the solid performance of Ferrovial’s Construction division, which exceeded the company’s long-term targets with an adjusted EBIT margin of 4.1%. The company's order book saw a substantial rise, and this division continues to play a crucial role in bolstering Ferrovial's overall financial standing.

On the airport front, progress is being made at New Terminal One at JFK Airport, where recent trials have opened the door to further developments. This key project highlights Ferrovial’s commitment to infrastructure advancement and its capability to forge substantial agreements with various stakeholders in the aviation sector.

In terms of financial stability, Ferrovial reported a liquidity position of €5.1 billion, along with consolidated net cash of €1.7 billion. These figures reflect a solid financial foundation upon which the company can continue to build and expand its operations in various markets. This financial strength is complemented by the company's ability to attract private investments for future projects, ensuring their sustainability and growth.

Ferrovial has also taken steps to mitigate potential risks associated with its operations by maintaining a diversified portfolio, capable of adapting to economic fluctuations. The company's proactive stance is evident in its ongoing pursuit of opportunities across multiple states in the U.S. and other countries, including a joint venture for the Czech Republic's D35 Highway.

In conclusion, Ferrovial's robust performance in the first nine months of 2026 paints a positive picture for its future, showcasing a commitment to quality, sustained revenue growth, and a strategic focus on enhancing its operational footprint in high-growth regions. Ferrovial continues to embody excellence in the infrastructure sector, navigating market challenges with confidence and paving the way for successive milestones in its operational journey. Investors and stakeholders alike are invited to tune into the upcoming conference call on October 28, 2026, where the company will delve deeper into its financials and strategic direction moving forward.