Ferrovial reported a net profit of 258 million euros for the first half of 2026, marking a 52% decline year-over-year due to asset rotation gains recorded in 2025. Despite lower net income, the infrastructure giant saw revenue grow to €4.7 mil millones, driven by strong operational performance and toll road traffic across North America.
Infrastructure developer Ferrovial posted its financial results for the first six months of 2026, revealing a complex picture of robust underlying operations tempered by demanding year-over-year comparisons. The company divulged a net profit of 258 million euros, which sits below the 540 million euros recorded during the same period in 2025. According to financial reporting from Investing.com via Yahoo Finanzas, the previous year’s figures included substantial capital gains generated from asset rotation that did not repeat in the current cycle.
Operational Growth and Revenue Expansion Across North American Assets
Stripping away the impact of extraordinary divestments from the prior year shows clear acceleration across the company’s core business segments. Total revenues reached €4.7 mil millones, representing an 11.3% increase in comparable terms. Meanwhile, adjusted EBITDA climbed 21.6% on a comparable basis to reach 746 million euros.
Executive leadership pointed directly to regional strength in overseas markets as the primary engine behind the figures.
Ignacio Madridejos, Chief Executive Officer of Ferrovial, stated that Ferrovial had completed an excellent first half of 2026, driven by the solid performance of the company’s assets in North America.
The Toll Roads division generated 740 million euros in revenue, marking a 15.8% comparable increase, while adjusted EBITDA for the division grew 13.4% to 530 million euros. The company received 357 million euros in dividend distributions from its North American operations alone.
Canadian Highway Performance and US Managed Lanes
In Canada, the 407 ETR toll highway recorded a net profit of 459.1 million Canadian dollars, representing a 31% advance compared to the prior-year period. Although vehicle traffic dipped 1.3% due to cooler economic activity and adverse weather conditions, a sharp 18% increase in average revenue per trip following tariff adjustments offset the lower volume. Factoring in these adjustments, total turnover for the Canadian concession reached 1,108 millones de dólares canadienses (690 millones de euros).
Across Texas, the company’s managed lanes displayed similar pricing power despite mixed traffic counts. The NTE express lanes experienced a 2.0% drop in transactions, yet transaction revenue surged 18.9%. On the LBJ expressway, transactions rose 2.9% while revenue per transaction increased 11.7%. The board of directors for the 407 ETR approved a dividend distribution of 550 million Canadian dollars for the third quarter of 2026, from which Ferrovial expects to collect approximately 342 million euros.
Construction Order Backlog and Strategic Infrastructure Projects
The Construction division maintained an adjusted EBIT margin of 3.5%, meeting the group’s long-term strategic target. Backed by this performance, the division secured a record-breaking order backlog totaling €18 mil millones. Geographical distribution of this backlog highlights the company’s strategic pivot: North America concentrates 47.9% of the total, Poland represents 22.9%, and Spain accounts for 14.0%.
Capital deployment continues across major aviation projects. Ferrovial finalized capital injections totaling $1.1 mil millones for the New Terminal One at John F.
Balance Sheet Strength and Boardroom Changes
Related reading
Discover more from Archyworldys
Subscribe to get the latest posts sent to your email.