FerrovialThe global infrastructure company, has completed the first quarter of 2026 with a robust operational growth, driven by the excellent performance of its autopistas en Norteamérica and the progress of strategic projects, according to its recently published results report. Revenue and the EBITDA ajustado The firm has experienced a significant increase.
Solid Global Financial Performance with a Focus on North America
The company has registered a EBITDA ajustado de 321 millones de euros, which represents a aumento del 15% year-on-year on a comparable basis during the first quarter of 2026. Total revenues stood at 2.098 millones de euros, an 10,2% más compared to the same period of the previous year, reflecting substantial progress across all its business divisions. This growth trajectory is supported by a robust posición financiera, with 5.451 millones de euros de liquidez and a deuda neta consolidada de -1.218 millones de eurosexcluding infrastructure projects in both cases.
Ignacio Madridejos, CEO of Ferrovial, he highlighted the promising start to the exercise: "We have started 2026 with strong momentum, as demonstrated by the significant revenue growth across all our toll roads." Norteamérica, the continued progress on flagship projects such as the New Terminal One (NTO) of the Aeropuerto Internacional JFKand the solid profitability of the business of ConstrucciónWe see an attractive portfolio of opportunities in high-growth regions in Estados Unidos and a growing number of public-private partnership opportunities".
Performance by Division: Highways, Construction and Airports
The division of Autopistas It was a key driver of this growth. Revenue from this segment crecieron un 13,7% in comparable terms, reaching the 336 millones de euros, with a notable contribution from Norteamérica. The EBITDA ajustado Plans autopistas also experienced a alza del 10%, reaching the 235 millones de euros. The express lanes en Estados Unidos They showed a favorable evolution of transaction revenues, even exceeding inflation, despite the impact on traffic due to adverse weather conditions in January.
En Canadá, the 407 ETR It stood out with an increase of EBITDA double digits, also despite the weather conditions. Furthermore, the 407 ETR has approved the distribution of a dividend of 500 millones de dólares canadienses for the second quarter.
The area of Construcción reached a cartera de pedidos historical 17.555 millones de euros at the end of the quarter. Geographically, Norteamérica contributes to the 45% of this portfolio, followed by Polonia with a 25% y España with a 14%. The margin EBIT ajustado In this division, he was positioned in the 3,1%.
In the division of Aeropuertos, the project of the New Terminal One (NTO) of the Aeropuerto Internacional JFK de Nueva York advances significantly, having reached a 87% de progreso in its construction. This ambitious project already has 30 acuerdos with airlines, of which 21 They are firm contracts and 9 letters of intent, consolidating their future operations.
Key Financial Data for Q1 2026 of Ferrovial
| Concept | Value (Q1 2026) | Year-on-Year Variation (Comparable) |
|---|---|---|
| Total Revenue | 2.098 M€ | + 10,2 % |
| Total Adjusted EBITDA | 321 M€ | + 15 % |
| management | 5.451 M€ | |
| Consolidated Net Debt (excluding infrastructure projects) | -€1.218m | |
| Revenues Highway Division | 336 M€ | + 13,7 % |
| Adjusted EBITDA Highways Division | 235 M€ | + 10 % |
| Construction Order Book | 17.555 M€ | All-Time High |
| Construction Progress NTO JFK | 87 % | |
| Dividend Approved 407 ETR (Q2) | CAD 500M |
Key points and frequently asked questions about Ferrovial's Q1 2026 results
How does the expansion of Ferrovial en Norteamérica in the Spanish infrastructure sector?
The strategy of Ferrovial en Norteamérica This consolidates its global position as a leader in infrastructure, indirectly benefiting the reputation of the Spanish sector. It opens doors for collaboration between Spanish suppliers and subcontractors on large-scale international projects, while also attracting investment and talent to the national ecosystem.
What are the implications of good performance in the autopistas express lanes for Spanish executives interested in international investment?
The success of express lanes en EE.UU. It demonstrates the viability and profitability of innovative business models in transport infrastructure under a public-private partnership framework. For Spanish executives, it highlights the importance of analyzing markets with high demand for infrastructure investment and exploring flexible and technologically advanced management models that can outpace inflation.
What opportunities does the project offer? NTO of the JFK for Spanish exporting companies?
The significant progress of the project New Terminal One of the JFKWith 87% of the project complete, the airport presents an opportunity for Spanish companies specializing in airport equipment, security systems, furniture, and consulting and management services. The signing of 30 agreements with airlines anticipates high demand for services and supplies once the terminal is operational, creating a niche for exporters with innovative, high-quality solutions in the aviation sector.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
