Ferrovial reports 10.2% revenue growth and 15% adjusted EBITDA increase in Q1 2026, driven by North American toll roads and JFK project progress.
Ferrovial (NASDAQ:FER) delivered a 10.2% like-for-like revenue increase in Q1 2026, with adjusted EBITDA up 15% and adjusted EBIT rising 10.6%. The company cited growth in its North American highways segment and stable construction margins despite higher investment in bidding and IT.
The 407 ETR toll road in Canada saw traffic rise 8.2% year-over-year, with revenue up 20% and toll revenue increasing 22.1%. EBITDA at the unit climbed 25.4% compared to the prior-year quarter. Net debt excluding infrastructure projects stood at negative EUR 1.2 billion, indicating net cash.
Treasury share purchases totaled EUR 162 million during the quarter, while the New Terminal One project at JFK Airport continued to advance. The CFO described the quarter as a “solid start to the year.”