Ferrovial SE Delivers Strong 2025 Full-Year Results with Revenue Up 8.6% and Strategic Asset Rotation

summarizeSummary

Ferrovial SE reports strong 2025 full-year results with significant revenue and EBITDA growth, driven by robust performance across all business divisions and strategic asset rotation.

check_boxKey Events

• Strong Financial Performance

  Ferrovial reported revenue of EUR 9,627 million, an 8.6% increase on a like-for-like basis, and Adjusted EBITDA of EUR 1,457 million, up 12.2% year-over-year on a like-for-like basis.

• Strategic Asset Rotation & Investment

  The company completed divestments of its stakes in Heathrow (EUR 539 million) and AGS (EUR 533 million), while investing EUR 1.27 billion to acquire an additional 5.06% stake in 407 ETR and EUR 236 million in equity for JFK's New Terminal One.

• Operational Excellence in Construction

  The Construction division achieved a 4.6% adjusted EBIT margin, surpassing its strategic long-term average target, and secured an all-time high order book of EUR 17,438 million.

• Managed Lanes Traffic Growth

  US Managed Lanes reported robust revenue per transaction growth, significantly outpacing US inflation, with 407 ETR traffic increasing by 6.1%.

auto_awesomeAnalysis

Ferrovial SE reported robust full-year 2025 results, showcasing strong operational performance across its business divisions. Revenue increased by 8.6% year-over-year on a like-for-like basis, with Adjusted EBITDA growing by 12.2%. The Construction division notably outperformed its long-term profitability target and achieved a record-high order book. While net profit decreased compared to 2024, this was primarily due to significant non-recurring financial gains from asset revaluation in the prior year, indicating healthy underlying operational trends. The company continued its strategic asset rotation, completing major divestments of Heathrow and AGS, while making substantial investments in key growth projects like the 407 ETR highway and JFK's New Terminal One. The inclusion in the Nasdaq-100 Index in December 2025 further underscores investor confidence in Ferrovial's business model and growth strategy, particularly its focus on North America.