Ferrovial has reported on Tuesday a 7.4% increase in their income in the first quarter, to 2,059 million euroscompared to the figures for the same period of the previous year, thanks to «a substantial growth in all businesses», according to the information sent to the National Securities Market Commission (CNMV). While, The adjusted Ebitda amounted to 309 million euros in the first quarter of 2025which represents an interannual increase of 19.1% in comparable terms. Ferrovial closed the first quarter of the year with 5,334 million euros of liquidity and a Net consolidated debt of -1,847 million euros, excluding infrastructure projects in both cases.
The Revenue of the highway division increased by 14.1% in comparable terms, to 324 million euros, Thanks to its solid growth in North America. The 'Express Lanes' in the United States experienced a «solid growth in transaction income, well above inflation.» However, traffic was affected by weather conditions and the effect of the leap year in 2024. «In Canada, the 407 ETR showed excellent results during the first quarterwith a double -digit ebitda growth, despite the adverse weather conditions and the effect of the calendar. The 407 ETR has approved the payment of a dividend of 200 million Canadian dollars in the second quarter, 14.3% more compared to that distributed last year in the same period, «explains Ferrovial. The division of Construction reached an adjusted ebit margin of 3.3%. The order portfolio reached a historical maximum of 17,187 million euros, in which North America represented 45%, Poland 24%and Spain 14%. «In the airport division, The New Terminal One (NTO) of the JFK International Airport continued to progress according to the expectedso that the works recorded a 6% advance in the first quarter. Until today, the NTO has reached 18 agreements with airlines, of which 13 are firm contracts and five, statements of intentions, «he adds.
Ignacio MadridejosCEO of Ferrovial, says that «the construction division achieved a vigorous request for orders, with forecast that has limited exposure to macroeconomic uncertainty«.» We have seen a solid growth of income in all our assets in North America in the first quarter, driven by a strong underlying activity in the regions where they are located. We are offering the connectivity that our clients need«He concludes.
DIVIDEND
Ferrovial has also announced a Dividend on account for a total amount of 228 million euros, paying in cash or shares at the election of the shareholdercharged to reservations. The dividend by Ferrovial Action will be determined on the basis of the number of actions in circulation on the ex-dividend date that is expected to be announced to the market on May 21. Ferrovial actions They will quote ex-dividend as of May 22 in the stock exchanges of Madrid, Barcelona, Bilbao and Valencia and in Euronext Amsterdamand from May 23 in Nasdaq.