Ferrovial Nine-Month EBITDA Rises 21.8% to €1.2bn on U.S. Lanes
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AMSTERDAM – October 29, 2026 -- Ferrovial's adjusted EBITDA rose 21.8% year over year on a like-for-like basis to €1.2 billion in the first nine months of 2026, while revenue climbed 10.8% to €7.4 billion. The infrastructure group credited its U.S. Express Lanes and a solid Construction division for the double-digit growth.
Ferrovial ended the period with liquidity of €5.1 billion and consolidated net cash of €1.7 billion, both excluding infrastructure projects.
Highways revenue grows 14.7% to €1.1 billion as North American projects pay €524 million in dividends
Adjusted EBITDA in the Highways division increased 12.4% on a like-for-like basis to €816 million. Revenue per transaction on the U.S. Express Lanes grew robustly and significantly outpaced U.S. inflation.