Ferrovial Nine-Month Adjusted EBIT Rises to €823 Million on U.S. Express Lanes Strength

Ferrovial N.V. (FER, FERE.XD, FER.AS, FER.MC) reported higher adjusted earnings and revenue for the first nine months of fiscal 2026, citing robust performance at its U.S. Express Lanes and a solid contribution from its Construction division. Adjusted EBIT rose to €823 million from €691 million a year earlier, while adjusted EBITDA grew to €1.21 billion from €1.03 billion. Revenue totaled €7.40 billion, up from €6.91 billion. On a like-for-like basis, adjusted EBIT climbed 24.2%, adjusted EBITDA rose 21.8% and revenue increased 10.8%. The Highways division posted like-for-like revenue growth of 14.7% to €1.1 billion, driven by North American growth, with adjusted EBITDA up 12.4% to €816 million. Construction achieved a 4.1% adjusted EBIT margin, topping its 3.5% long-term target. The order book reached a record €19 billion, with North America at 51%, Poland at 21% and Spain at 15%, versus €17.44 billion at December 2025 end.