Revenue for the period totaled €4.7 billion, marking an 11.3% like-for-like increase. While net profit dipped to €258 million from €540 million in the previous year—a shift attributed to the absence of prior-year capital gains from asset rotation—the company maintains a solid financial foundation with €4.7 billion in liquidity. CEO Ignacio Madridejos pointed to the firm’s successful execution of complex greenfield projects and the growing demand for public-private partnerships in the United States as key drivers for long-term value.

Operational expansion and project milestones

The Highways division remains a primary engine of growth, recording a 15.8% revenue increase. U.S. assets outperformed inflation trends, while the Canadian 407 ETR highway delivered double-digit growth, leading to a planned CAD 550 million dividend distribution in the third quarter. In the construction sector, North America now accounts for nearly half of the company’s massive €18 billion order book. Meanwhile, the Airports division is nearing completion on the New Terminal One at New York’s JFK International Airport, with 92% of construction finished and a majority of airline agreements already secured. Ferrovial continues to aggressively pursue new contracts, recently submitting bids for major highway projects in Tennessee and Georgia.