Ferrovial's First-Half Profit Drops 52% to 258 Million Euros Amid North American Growth

Spanish infrastructure giant Ferrovial announced a net profit of 258 million euros for the first half of 2026, marking a 52% decline compared to the same period last year. However, the company underscored the significant growth in its North American operations, which bolstered overall revenue.

Total revenue for the first six months of the year rose by 11.3% to 4.7 billion euros. This increase was primarily fueled by the robust performance of its Construction and Highways segments. Ferrovial's adjusted operating profit (ebitda) also saw a healthy increase of 21.6%, reaching 746 million euros.

The company attributed the decrease in net profit to capital gains recorded in the first half of 2025 from asset rotations. In the second quarter alone, Ferrovial posted a profit of 189 million euros, up 9%, with revenue climbing 8% to 2.6 billion euros.

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exceptional

Ignacio Madridejos, CEO of Ferrovial, described the first half of 2026 as "exceptional." He pointed to double-digit growth in the U.S. highway business and a record order backlog within the Construction division. The Highways segment generated 404 million euros in the second quarter (up 14.8%), while Construction brought in 2.075 billion euros (up 11%).

Looking ahead, Ferrovial sees substantial opportunities in complex "greenfield" projects and the expanding use of public-private partnerships in the U.S. The company expressed confidence in its ability to continue generating long-term value. Ferrovial concluded the first semester with a strong financial position, boasting liquidity of 4.7 billion euros and a net cash position of 1.3 billion euros, excluding infrastructure projects.

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Mirando a futuro, vemos importantes oportunidades en proyectos 'greenfield' complejos y en el creciente impulso de los modelos de colaboración público-privada en EE.UU., y confiamos en nuestra capacidad para seguir generando valor a largo plazo.