Ferrovial Reports 30% Net Profit Surge in H1 2025, Reaching €540 Million

Ferrovial, one of the world's leading infrastructure companies, reported a remarkable 30% increase in net profit for the first half of 2025, reaching €540 million. This significant growth, up from €414 million in the same period last year, is attributed to robust performance across all business divisions, particularly in the North American highways segment. The company's revenue for this period totaled €4.5 billion, reflecting a 5% increase in like-for-like terms, while adjusted EBITDA rose to €655 million, a 9.2% improvement year-over-year.

The financial results were announced on July 29, 2025, signaling a strong market position bolstered by a diverse portfolio and strategic asset management. According to Ignacio Madridejos, CEO of Ferrovial, "We saw substantial growth in the first half of the year with strong performance across our North American assets. Our highways provide much-needed capacity in growing areas, and through targeted offers, we aim to address customer preferences."

Ferrovial's highways division alone reported a 14.9% revenue increase, reaching €676 million, driven by enhanced traffic volumes and revenue per transaction growth in the U.S. Express Lanes. Canadian operations, particularly with the 407 ETR, demonstrated robust performance with double-digit EBITDA growth despite challenging weather conditions.

The construction division also showed promising results, achieving a 3.5% adjusted EBIT margin, consistent with the company's long-term objectives. The order book reached an all-time high of €17.3 billion, with North America accounting for 45% of this total, followed by Poland at 23% and Spain at 13%.

In addition to strong operational metrics, Ferrovial also made strategic moves, including the sale of a 50% stake in AGS Airports for €533 million and a €1.3 billion acquisition of a 5.06% stake in the 407 ETR. The company further allocated €334 million to shareholder distributions and €244 million for equity injections in the New Terminal One (NTO) at JFK International Airport, which has now reached 72% construction progress.

Amid these strong results, Ferrovial maintains a solid financial position with liquidity of €3.7 billion and a consolidated net debt of -€223 million, excluding infrastructure projects. The company plans to host a conference call on July 30, 2025, to discuss these results in further detail, demonstrating its commitment to transparency and stakeholder engagement.

Looking ahead, the company anticipates an attractive pipeline of North American assets that will continue to deliver value to all stakeholders. However, analysts caution that the ongoing geopolitical tensions, particularly the Russia-Ukraine conflict and rising inflation rates, pose potential risks to the infrastructure sector. As noted by Dr. Emily Thompson, Associate Professor of Business Economics at the University of Chicago, "While Ferrovial's current performance is commendable, external factors such as inflation and geopolitical instability will be crucial in determining future financial health."

In conclusion, Ferrovial's strong H1 2025 results highlight its resilience and strategic positioning in the infrastructure market. With continued investment in key projects and a focus on expanding its North American footprint, the company is well-positioned for sustained growth amidst a complex economic landscape.