{"id":134518,"date":"2025-10-28T21:19:54","date_gmt":"2025-10-28T20:19:54","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/?post_type=press_release&#038;p=134518"},"modified":"2025-12-22T13:40:38","modified_gmt":"2025-12-22T12:40:38","slug":"ferrovial-delivers-solid-results-in-first-nine-months-of-2025","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en\/press-releases\/ferrovial-delivers-solid-results-in-first-nine-months-of-2025\/","title":{"rendered":"Ferrovial delivers solid results in first nine months of 2025"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p><strong>Ferrovial<\/strong>, a leading global infrastructure company, <strong>closed the first nine months of 2025 with significant growth, supported by a substantial revenue increase in all business divisions.<\/strong> Adjusted EBITDA improved during the period, <strong>mainly driven by U.S. highway assets.<\/strong><\/p>\n<p>\u201cOur North American assets delivered outstanding performance in the first nine months of the year. 407 ETR posted solid results as traffic volumes improved thanks to successful commercial campaigns, leading to an increase in EBITDA and dividends. Our Construction division continues to strengthen its profitability in line with our long-term strategy, and the New Terminal One project is entering a key phase ahead of its 2026 opening. We\u2019re excited by the strong momentum across our business divisions and the growth opportunities ahead,\u201d said Ignacio Madridejos, Ferrovial CEO.<\/p>\n<p><strong>Adjusted EBITDA amounted to \u20ac1 billion in the first nine months of 2025<\/strong>, a 4.8% increase year over year in like-for-like terms, while <strong>revenue totaled \u20ac6.9 billion<\/strong>, a 6.2% rise in like-for-like terms.<\/p>\n<p>Ferrovial closed the period with a solid financial position, with <strong>liquidity of \u20ac4.2 billion and consolidated net debt of -\u20ac706 million<\/strong>, excluding infrastructure projects in both cases. During this period, the company completed the <strong>divestment of its 5.25% stake in Heathrow<\/strong> (\u20ac539 million) and <strong>AGS Airports<\/strong> (\u20ac534 million) and received <strong>\u20ac406 million in dividends<\/strong> from projects. In parallel, Ferrovial closed the acquisition of a 5.06% stake in the 407 ETR for \u20ac1.3 billion, allocated \u20ac426 million to shareholder distributions, and \u20ac239 million to equity injections in the New Terminal One (NTO) at JFK International Airport.<\/p>\n<h2>Operating results<\/h2>\n<p>The <strong>Highways<\/strong> division\u2019s revenue grew 14.4% in like-for-like\u00a0terms to \u20ac1 billion, driven by remarkable performance in North America, where the company received \u20ac312 million in dividends.<\/p>\n<p>U.S. Express Lanes reported strong revenue per transaction growth, significantly outpacing inflation. In Canada, 407 ETR showed outstanding performance between January and September, with a double-digit EBITDA increase, despite the anticipated Schedule 22 payment expense for 2025. <span data-teams=\"true\">The Board of 407 ETR recently announced an additional dividend of CAD 1.05 billion to be distributed in the last quarter of the year. With this, the total dividend approved amounts to CAD 1.5 billion.<\/span><\/p>\n<p>The\u202f<strong>Construction\u202f<\/strong>division\u2019s healthy order book reached \u20ac17.2 billion, which remains close to all-time highs, and delivered a 3.7% adjusted EBIT margin.\u00a0 North America accounted for 47%, Poland for 22% and Spain for 15% of the total order book.<\/p>\n<p>In the <strong>Airports<\/strong> division, the NTO project continues to progress, and the team is focused on operational readiness for next year. As of October 28, NTO has reached 21 commercial agreements with airlines, including 14 executed contracts and seven letters of intent.<\/p>\n<h2 data-ccp-border-bottom=\"0px none #000000\" data-ccp-padding-bottom=\"0px\" data-ccp-border-between=\"0px none #000000\" data-ccp-padding-between=\"0px\"><b><span data-contrast=\"none\">Conference call information<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:240,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:4278190080,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:4278190080,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:4278190080,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:4278190080,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:4278190080,&quot;469789798&quot;:&quot;nil&quot;,&quot;469789802&quot;:&quot;nil&quot;,&quot;469789806&quot;:&quot;nil&quot;,&quot;469789810&quot;:&quot;nil&quot;,&quot;469789814&quot;:&quot;nil&quot;}\">\u00a0<\/span><\/h2>\n<p data-ccp-border-between=\"0px none #000000\" data-ccp-padding-between=\"0px\"><span data-contrast=\"none\">Ferrovial will host a <strong>conference call on October 29 at 15:00 CET \/ 10:00 a.m.<\/strong> EDT to discuss nine-month 2025 financial results. To access the earnings call, click <\/span><a href=\"https:\/\/www.ferrovial.com\/en\/ir-shareholders\/financial-information\/quarterly-financial-information\/\"><span data-contrast=\"none\">here<\/span><\/a><span data-contrast=\"none\"> or visit\u00a0 <\/span><a href=\"https:\/\/ferrovial.com\/ir-shareholders\"><span data-contrast=\"none\">https:\/\/ferrovial.com\/ir-shareholders<\/span><\/a><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:240,&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:4278190080,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:4278190080,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:4278190080,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:4278190080,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:4278190080,&quot;469789798&quot;:&quot;nil&quot;,&quot;469789802&quot;:&quot;nil&quot;,&quot;469789806&quot;:&quot;nil&quot;,&quot;469789810&quot;:&quot;nil&quot;,&quot;469789814&quot;:&quot;nil&quot;}\">\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n        <\/div>\n    <\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":134498,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","nivel-2":[2251,1199],"nivel-5":[1903],"nivel-1":[],"nivel-3":[],"nivel-4":[],"class_list":["post-134518","press_release","type-press_release","status-publish","has-post-thumbnail","hentry","nivel-2-corporate","nivel-2-results","nivel-5-ferrovial-en"],"acf":[],"yoast_head":"<title>Ferrovial delivers solid results in first nine months of 2025 Ferrovial<\/title>\n<meta name=\"description\" content=\"Sala de prensa Ferrovial | \u00daltimas noticias\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsroom.ferrovial.com\/en\/press-releases\/ferrovial-delivers-solid-results-in-first-nine-months-of-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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