Ferrovial, S.A. Earnings Recaps
Q3 2025
Oct 30, 2025
Ferrovial reported robust third-quarter results for 2025, showcasing significant growth in its highways and airports segments, supported by strong cash generation and strategic asset sales.
Key takeaways
- Highway revenue increased by 16.4%, with North American assets contributing 97% of EBITDA.
- Net cash reached EUR 706 million, bolstered by EUR 534 million from AGS Airports sales and significant dividends.
- The 407 ETR displayed exceptional performance, with a 20.1% increase in EBITDA for the third quarter, and a total CAD 1.5 billion in dividends approved for the year.
- Positive traffic trends observed in several managed lanes, driving revenue growth and higher transaction rates.
- The company is gearing up for multiple project bids in 2026, reflecting a strong pipeline for future growth.