Spain · Delayed Price · Currency is EUR Ferrovial Earnings Call Transcripts
Fiscal Year 2026
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Strong Q1 growth driven by North American highways and stable construction margins, with revenue up 10.2% and adjusted EBITDA up 15% year-over-year. Major projects like JFK New Terminal One remain on track, and a robust order book supports future growth.
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The meeting highlighted strong financial growth, major asset divestments, and a focus on North American expansion. All agenda items were approved, including a planned EUR 1 billion scrip dividend for 2026 and board appointments, with governance and sustainability remaining key priorities.
Fiscal Year 2025
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Revenue and EBITDA grew strongly in 2025, driven by North American highways and construction, with record dividends and robust cash flow supporting major investments and shareholder returns. The company remains well positioned for future growth amid a strong U.S. infrastructure pipeline.
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Strong growth in North American assets drove revenue and EBITDA increases, with a robust net cash position and expanding construction order book. Major divestments and acquisitions supported capital returns, while operational focus remains on U.S. highways and airports.
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Strong H1 2025 results driven by double-digit revenue and EBITDA growth in highways, especially in North America, and solid construction margins. Major asset acquisitions and divestments strengthened the balance sheet, while a robust project pipeline and positive market trends support future growth.
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Revenue and profitability grew strongly in Q1 2025, led by North American highways and construction. The company maintained a solid net cash position, advanced major projects, and announced a significant stake increase in 407 ETR. Order book and pipeline remain robust.
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The meeting highlighted robust financial growth, major asset rotations, and a strategic focus on North America. All agenda items, including director reappointments and remuneration policy changes, were approved. Sustainability, innovation, and governance enhancements were emphasized.
Fiscal Year 2024
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Solid growth in 2024 driven by North American toll roads and construction, with record dividends, strong cash position, and major asset rotations. Upgraded shareholder distribution guidance and robust project pipeline support a positive outlook. Significant investments in India and the U.S. reinforce strategic focus.
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Q3 2024 saw robust growth in toll roads and airports, with strong cash flow from dividends and asset sales. Construction margins improved, and shareholder returns were significant, while guidance for EBIT margin remains on track for the year.
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Strong H1 2024 results with double-digit revenue and EBITDA growth in tolls, robust construction margins, and record airport passenger numbers. Major investments and divestments, including IRB and Heathrow, supported a solid financial position and shareholder returns.