Ferrovial Reports Strong 2025 Results: Revenue Up 8.6% to €9.6B, Adjusted EBITDA Hits €1.5B

Ferrovial (FER.MC) delivered solid financial results for the full year 2025, posting revenue of €9.6 billion, an 8.6% increase compared to the prior year. The growth reflects sustained activity in its core infrastructure and construction segments, including toll roads, airports, and public works projects across Europe and the Americas. This performance marks a notable achievement amid macroeconomic headwinds and tightening capital markets. The company’s adjusted EBITDA climbed to €1.5 billion, demonstrating strong margin management and execution discipline. This figure represents a significant improvement over the previous year and highlights Ferrovial’s ability to maintain profitability while expanding its project pipeline. The underlying operational leverage suggests effective cost control and higher-than-expected project completion rates. The results come at a time of increasing public and private investment in sustainable infrastructure, particularly in urban mobility and renewable energy-related developments. Ferrovial’s scale and diversified portfolio position it to benefit from long-term capital spending trends, especially in regions with EU Green Deal and national infrastructure modernization initiatives. The company’s order book remains robust, supporting confidence in future revenue visibility. Market participants responded positively, with FER.MC stock showing upward momentum following the release. Related sectors, including construction materials (XLB) and financial services (GS), also experienced mild gains, reflecting broader investor optimism toward infrastructure-focused equities. The performance reinforces the sector’s appeal as a defensive growth asset amid shifting global economic conditions.