Ferrovial posts strong first‑nine‑months 2026 results driven by North American highways and construction

Ferrovial reported adjusted EBITDA of €1.21 billion, up 21.8% year‑over‑year on a like‑for‑like basis, and revenue of €7.4 billion, up 10.8% LfL, for the first nine months of 2026. The growth was led by its U.S. Highways and Construction divisions, with North America representing 51% of the €19 billion order book. The company ended the period with €5.1 billion of liquidity and €1.7 billion of net cash, excluding infrastructure projects.

The firm said the strong cash generation supports its dividend policy and funds future public‑private partnership projects. Investors gain insight into Ferrovial’s robust financial position and growth outlook in North America.

  • 1Adjusted EBITDA rose 21.8% LfL to €1.21 billion.
  • 2Revenue increased 10.8% LfL to €7.4 billion.
  • 3Liquidity stood at €5.1 billion.
  • 4Consolidated net cash was €1.7 billion, excluding infrastructure projects.
  • 5The construction order book reached an all‑time high of €19 billion.
  • 6North America accounted for 51% of the backlog.

Sources