Ferrovial earns 16% extra till September, however its working end result slows down in the course of the third quarter | Companies | EUROtoday

The infrastructure and development administration firm Ferrovial printed this Tuesday on the shut of Wall Street its figures akin to the tip of the third quarter of this 12 months. Although the corporate has managed to extend its working end result by 16% within the accrued of the primary 9 months of 2025 to 966 million euros, supported by increased asset gross sales within the third quarter, its working end result has skilled a slowdown in year-on-year phrases of seven.47%, to a constructive 260 million.

Despite the decrease energy within the third quarter, within the first 9 months of 2025, Ferrovial’s revenues had been 6,911 million euros, 6.2% greater than in the identical interval final 12 months, pushed by a rise within the turnover of all its foremost enterprise areas (toll roads, airports, development and power).

In this era, the corporate, which is listed on the Nasdaq index in New York, has reported an adjusted EBITDA of 1,031 million euros, 4.8% extra, thanks primarily to its toll highway enterprise within the United States.

Specifically, Toll Roads’ earnings grew by 14.4% in comparison with final 12 months, to 1,021 million euros, because of its efficiency in North America, the place the corporate obtained 312 million euros in dividends, based on a press release.

Meanwhile, the order guide for its Construction division stood at 17,168 million euros, with North America representing 47%, Poland 22% and Spain 15% of this space.

Regarding Ferrovial’s debt ranges, the corporate specifies in its doc despatched to the US market supervisor that, including the gross debt related to infrastructure and the non-associated debt, it has loans amounting to 10,223 million euros. Ferrovial particulars that 96.9% of this debt has a set rate of interest, which has a median value of 4% and a median maturity of 14 years. The firm’s consolidated internet debt stood at 6,340 million euros in September, 4.6% greater than in December 2024.

At the tip of September of this 12 months, Ferrovial recorded liquidity ranges of 4,175 million euros, of which 3,156 million corresponded to money or equivalents and 1,010 million to unused strains of credit score.

Heathrow sale

During these first 9 months of the 12 months, the corporate has accomplished the divestment of its 5.25% stake in Heathrow airport (for 539 million euros) and AGS Airports (for 534 million), and obtained 406 million euros in dividends from its initiatives. Likewise, it closed the acquisition of 5.06% of the 407 ETR freeway, in Canada, for 1,271 million euros.

The firm additionally signifies that the New Terminal One (NTO) venture, a brand new terminal at New York’s JFK Airport that represents its largest venture in the mean time, “continues to advance” and is predicted to be prepared for operation subsequent 12 months. The firm invested 239 million euros on this venture throughout these 9 months, and as of October 28, the terminal has reached a complete of 21 agreements with airways.

“We are very satisfied with the strong momentum that our business units are experiencing and with the growth opportunities that are presented to us for the future,” Ferrovial CEO Ignacio Madridejos mentioned within the assertion.

Prior to the outcomes being identified, Ferrovial shares on the Wall Street Stock Exchange fell 1.5%. After its publication, futures level to a rise of 0.7%.