Ferrovial Reports Significant Increase in Operating Profit for Q1 2025
Spanish infrastructure firm posts €496 million in operating profit, more than tripling last year’s figures, supported by robust construction order book.
Ferrovial, the Spanish infrastructure company, announced an operating profit of €496 million for the first quarter of 2025, representing a significant increase from the €152 million reported during the same period last year.
This more than threefold rise is attributed to strong performance across all business units, particularly in its U.S. highways segment.
Ignacio Madridejos, CEO of Ferrovial, highlighted the solid revenue growth across all North American assets, noting active underlying demand in the regions where they operate.
The company’s construction division achieved a record order book of €17.187 billion, with North America contributing 45%, Poland 24%, and Spain 14%.
The adjusted EBITDA for the first quarter reached €309 million, a year-on-year increase of 19.1%, while total revenues amounted to €2.059 billion, marking a 7.4% increase compared to the same quarter of the prior year.
The adjusted EBIT stood at €199 million, reflecting a year-on-year increase of 28.3%.
Financially, Ferrovial ended the first quarter with a robust financial position, reporting liquidity of €5.334 billion and a consolidated net debt of -€1.847 billion, both figures excluding infrastructure project debt.
During the period, the company completed the sale of a 50% stake in AGS Airports for €538 million and received €19 million in dividends from its projects.
Ferrovial allocated €156 million for shareholder returns and invested €152 million in the New Terminal One (NTO) project at New York's JFK International Airport.
In the highways segment, revenues rose by 14.1% to €324 million, with particular growth observed in the Express Lanes in the United States, although traffic faced challenges due to weather conditions and the impact of the leap year in 2024.
Progress continued on the New Terminal One (NTO) project at JFK, with construction advancing by 6% during the first quarter.
The firm also announced plans to distribute a flexible dividend of €228 million on June 25, allowing shareholders to choose between receiving new shares or cash, with a cutoff date set for May 22.
This more than threefold rise is attributed to strong performance across all business units, particularly in its U.S. highways segment.
Ignacio Madridejos, CEO of Ferrovial, highlighted the solid revenue growth across all North American assets, noting active underlying demand in the regions where they operate.
The company’s construction division achieved a record order book of €17.187 billion, with North America contributing 45%, Poland 24%, and Spain 14%.
The adjusted EBITDA for the first quarter reached €309 million, a year-on-year increase of 19.1%, while total revenues amounted to €2.059 billion, marking a 7.4% increase compared to the same quarter of the prior year.
The adjusted EBIT stood at €199 million, reflecting a year-on-year increase of 28.3%.
Financially, Ferrovial ended the first quarter with a robust financial position, reporting liquidity of €5.334 billion and a consolidated net debt of -€1.847 billion, both figures excluding infrastructure project debt.
During the period, the company completed the sale of a 50% stake in AGS Airports for €538 million and received €19 million in dividends from its projects.
Ferrovial allocated €156 million for shareholder returns and invested €152 million in the New Terminal One (NTO) project at New York's JFK International Airport.
In the highways segment, revenues rose by 14.1% to €324 million, with particular growth observed in the Express Lanes in the United States, although traffic faced challenges due to weather conditions and the impact of the leap year in 2024.
Progress continued on the New Terminal One (NTO) project at JFK, with construction advancing by 6% during the first quarter.
The firm also announced plans to distribute a flexible dividend of €228 million on June 25, allowing shareholders to choose between receiving new shares or cash, with a cutoff date set for May 22.
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