Link Securities | Ferrovial (FER) announced at its Annual General Meeting held on Thursday in Amsterdam that it will continue to grow in the United States, thanks to a record-breaking portfolio, expects to pay out €1 billion in dividends annually (€626 million in 2025) and will focus on the rotation of mature assets to finance future growth opportunities, according to a report in the newspaper Expansión on Friday. Ferrovial also…

Link Securities | The Spanish construction company informed the National Securities Market Commission (CNMV) that, via a market announcement on 11 March 2026, it had announced the pricing of a €500 million bond issue maturing on 18 September 2032. Further to the previous information, Ferrovial announces that, as of yesterday, the Bonds have been subscribed and paid for by investors. The Bonds have been admitted to trading on the regulated…

Link Securities | Budimex, the listed Polish subsidiary controlled by Ferrovial (FER), has informed the market that local authorities have cancelled the award of a contract awarded to the group in December worth over 1 billion zlotys (around €235 million), Expansión newspaper reports in its edition today. The contracting body, PKP Polskie Linie Kolejowe, will review and re-evaluate the bids submitted in the tender for the design and construction of…

Alphavalue/ Divacons | The Spanish construction, services and concessions company, through its Construction division and its Polish subsidiary Budimex, announced that it has been awarded a contract to build two sections of the new Podłęże–Piekiełk railway line in Poland. The project has a budget of PLN 2.58 billion (approximately €604 million) and is considered one of the most complex civil engineering works in the country’s railway network due to the…

Intermoney | Ferrovial (Hold, Target Price €43/share) announced its results for December 25 on Wednesday after the close of trading in New York, and will hold a conference call and webcast today at 3 p.m. The main figures from the results, together with our estimates, are shown in the attached table. Overall, EBITDA rose by 9% to €1.457 billion in 2025, well above our estimate (€1.387 billion), in what was…

Link Securities | The 407-ETR motorway (Canada), one of the world’s largest concession assets and 48% owned by Ferrovial (FER), posted a profit of CA$810 million (around €502 million), representing year-on-year growth of 17%, according to Expansión. The increase in profit is mainly due to a 5.7% rise in traffic, which is now 3.5% higher than pre-pandemic levels, with revenue per trip up 7% due to higher tolls.