Ferrovial delivers strong H1 2025 results, net profit jumps 30% to €540 million

Core Insights - Ferrovial reported solid growth in the first half of 2025, with strong performance across all business divisions, particularly in U.S. highways and Construction [1][2] - The company achieved an adjusted EBITDA of €655 million, a 9.2% increase year-over-year, and revenue of €4.5 billion, reflecting a 5% growth [3][8] - Net profit rose to €540 million from €414 million a year earlier, driven by capital gains from asset rotation [3] Financial Performance - Adjusted EBITDA for H1 2025 was €655 million, up 9.2% from €603 million in H1 2024 [3][8] - Revenue increased to €4.5 billion from €4.27 billion, marking a 5% growth [3][8] - The company reported a consolidated net debt of -€223 million, indicating a strong financial position [4][8] Business Divisions - The Highways division saw a revenue increase of 14.9% to €676 million, primarily due to growth in North America [5][9] - The Construction division achieved a 3.5% adjusted EBIT margin and an all-time high order book of €17.3 billion, with North America contributing 45% [6][10] - In the Airports division, the New Terminal One (NTO) project is progressing well, with 72% construction completion and 21 airline agreements reached [7] Strategic Moves - Ferrovial completed the sale of a 50% stake in AGS Airports for €533 million and acquired a 5.06% stake in the 407 ETR for €1.3 billion [4] - The company allocated €334 million to shareholder distributions and €244 million to equity injections in the NTO project at JFK International Airport [4]