Ferrovial reported strong revenue and profitability growth driven by its North American assets, with significant achievements in capital allocation and construction projects. However, challenges in U.S. Managed Lanes due to adverse weather and a negative operating cash flow somewhat dampened the overall performance.

Company Guidance -

Q3 2025

During Ferrovial's conference call to discuss the financial results for the first half of 2025, several key metrics and strategic decisions were highlighted. The company reported robust performance across its business divisions, notably in Highways, with a 14.9% revenue growth and 17.1% adjusted EBITDA improvement, driven primarily by U.S. assets. The U.S. Highways segment alone grew revenue by 15.9% and adjusted EBITDA by 14%. Ferrovial ended the first half with a net debt position of negative EUR 223 million, excluding infrastructure project companies, and highlighted significant capital allocation activities, including a EUR 1.3 billion acquisition of an additional stake in 407 ETR and divestments such as its stake in AGS Airports for EUR 533 million. In Airports, the New Terminal One project at JFK Airport progressed with 72% construction completion by the end of Q2. The Construction division achieved revenues of EUR 3,453 million, with an adjusted EBIT margin of 3.5%. Additionally, Ferrovial's order book reached a record EUR 17.3 billion, with a notable 45% in North America. The company also noted a strong pipeline for U.S. highway projects, including bids for the I-24 in Nashville and the I-285 East in Atlanta.

Strong Performance in Highways Division

Highways revenues grew by 14.9% in the first half of 2025 on a like-for-like basis, with adjusted EBITDA improving by 17.1%. U.S. highways grew revenue by 15.9% and adjusted EBITDA by 14%.

Significant Growth in 407 ETR

The 407 ETR showed a strong performance with revenue growing by 19.7% and EBITDA by 13% in the first half of the year.

Solid Construction Profitability

The Construction division delivered an adjusted EBIT margin of 3.5%, aligning with long-term targets. Revenue reached EUR 3,453 million, up 2.6% on a like-for-like basis.

Successful Capital Allocation

Acquisition of an additional stake in 407 ETR for EUR 1.3 billion and divestment of AGS Airports for EUR 533 million. Distributed EUR 334 million to shareholders in the first half of the year.

Progress on New Terminal One at JFK Airport

The New Terminal One project at JFK Airport is 72% complete, remains on schedule and on budget.

Ferrovial (FER) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FER Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	0.36 / -	0.278	―	―	―
Jul 29, 2025	2025 (Q2)	0.28 / 0.28	0.432	-35.83% (-0.15)	―	―
May 13, 2025	2025 (Q1)	0.19 / 0.21	0.139	50.00% (+0.07)	―	―
Feb 28, 2025	2024 (Q4)	0.27 / 0.26	0	―	―	―
Oct 29, 2024	2024 (Q3)	0.27 / 0.28	0.087	220.00% (+0.19)	―	―
Jul 31, 2024	2024 (Q2)	0.23 / 0.43	0.127	240.00% (+0.31)	―	―
May 13, 2024	2024 (Q1)	0.16 / 0.14	-0.012	1300.00% (+0.15)	―	―
Feb 27, 2024	2023 (Q4)	0.09 / 0.00	0.222	―	―	―
Oct 31, 2023	2023 (Q3)	0.06 / 0.09	0.09	-3.85% (>-0.01)	―	―
Jul 27, 2023	2023 (Q2)	0.09 / 0.13	0.173	-26.67% (-0.05)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

FER Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$52.57	$51.97	-1.14%
May 13, 2025	$48.23	$50.70	+5.11%
Feb 28, 2025	$44.36	$44.33	-0.07%
Oct 29, 2024	$40.17	$39.28	-2.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ferrovial SA (FER) report earnings?

Ferrovial SA (FER) is schdueled to report earning on Oct 28, 2025, After Close (Confirmed).

What is Ferrovial SA (FER) earnings time?

Ferrovial SA (FER) earnings time is at Oct 28, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is FER EPS forecast?

FER EPS forecast for the fiscal quarter 2025 (Q3) is 0.36.

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