Ferrovial NV (FRA:8ZQ)

Half Year 2026 Ferrovial NV Earnings Call Transcript

Jul 29, 2026 / 01:00 PM GMT

Release Date Price: €54.46 (+0.18%)

Transcript

Key Points

Positve

Ferrovial NV (FER) reported strong revenue growth in its North American highways and construction business, maintaining profitability targets.
The company closed the first half of 2026 with a net cash position of EUR 1.3 billion, excluding infrastructure projects.
407 ETR saw an 18.7% revenue growth in the first half of the year, with toll revenue increasing by 20.2%.
Dallas Fort Worth managed lanes posted solid growth in revenue and EBITDA despite construction impacts.
The construction business posted a 7.1% revenue growth, with margins remaining stable at 3.5% adjusted EBIT margin.

Negative

The New Terminal 1 at JFK has faced delays, with a new completion date set for March 2027.
Dalaman Airport experienced an 8.1% decline in total passengers due to the Middle East conflict.
Traffic in the I77 corridor declined by 5.2% in the first half, impacting adjusted EBITDA negatively.
The company faced increased depreciation due to higher CapEx in construction and traffic profile changes.
Adverse weather conditions and construction works impacted traffic in several managed lanes, including Dallas Fort Worth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FER.MC - Ferrovial NV
Half Year 2026 Ferrovial NV Earnings Call
Jul 29, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everybody. This is Silvia Ruiz speaking, and I would like to thank you and welcome you to Forreal's conference call to discuss the company's financial results for the first half of 2026. I am joined here today by our CEO, Ignacio Marelejos, and our CFO, Ernesto Lopedmoto.

Just as a reminder, both the results report and presentation were made available on our website yesterday evening after the US market was closed. At the end of the presentation today, there will be a Q&A session. As in previous calls, you will have the opportunity to ask questions live. In order to do so, you will need to join the call through the conference call channel and press *5 on your phone keypad. If you prefer, you can send questions to

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