Ferrovial reports 52% profit decline but revenue rise in H1 2026

Ferrovial net profit decline revenue growth North America dividends construction order book

Ferrovial posted a net profit of €258 million for the first half of 2026, a 52 % drop from the €540 million recorded a year earlier, as the extraordinary asset‑rotation gains that boosted 2025 results did not repeat. Revenue grew to €4.7 billion, up roughly 5 %‑11 % year‑on‑year, driven by strong performance in its North‑American highways and airport assets.

Adjusted EBITDA reached €746 million, an increase of about 14 %‑22 % versus the comparable period in 2025. The Highways division posted €740 million of revenue, up 15.8 % and received €357 million in dividends from its North‑American assets. The Canadian 407 ETR concession approved a CAD 550 million dividend for the third quarter of 2026. Ferrovial’s Construction division achieved a record order book and posted a 3.5 % adjusted EBIT margin.

CEO Ignacio Madridejos said the first half was “excellent”, highlighting solid results from North‑American assets and the record construction order book, and noting continued opportunities in complex greenfield projects and public‑private partnerships in the United States.

Entities: 407 ETR · Canada · Construction division · Ferrovial · Ferrovial S.A. · Highways division · Ignacio Madridejos · United States

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 11 SOURCES] A CAD 550 million dividend was approved for the Canadian toll‑road operator 407 ETR for the third quarter of 2026. (Ferrovial press release)
[● 11 SOURCES] Adjusted EBIT for the first half of 2026 was €491 million, up roughly 14 % from the prior year. (Ferrovial's H1 2026 results)
[● 11 SOURCES] Revenue for the first half of 2026 was €4.701 billion, roughly 5 % higher than a year earlier. (Ferrovial's H1 2026 results)
[● 11 SOURCES] Ferrovial posted a net profit of €258 million for the first half of 2026. (Ferrovial's H1 2026 results)
[● 11 SOURCES] The €258 million profit represented a 52.2 % decline from the €540 million earned in the first half of 2025. (Ferrovial's financial comparisons)
[● 5 SOURCES] Ferrovial's Construction division achieved a record order book and posted a 3.5 % adjusted EBIT margin in H1 2026. (Company statements)
[● 11 SOURCES] Adjusted EBITDA reached €746 million in H1 2026, up about 14 % year‑on‑year. (Ferrovial's H1 2026 results)
[● 5 SOURCES] The Highways division generated €740 million in revenue, a 15.8 % comparable increase, and received €357 million in dividends from North‑American assets. (Ferrovial's H1 2026 results)