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Ferrovial Q3 2026 Earnings: Record Order Book and U.S. Highway Growth
Ferrovial reports record EUR 19 billion construction order book and double-digit highway revenue growth in Q3 2026.
In brief
Ferrovial reports record EUR 19 billion construction order book and double-digit highway revenue growth in Q3 2026. Ferrovial's Q3 2026 earnings show 18.4% revenue growth from toll increases, EUR 19 billion construction order book, and $23.1 billion I-285 East concession payment. Originally reported by The Motley Fool.
Q3 2026 Earnings Results
Ferrovial reported 18.4% revenue growth in the first nine months driven by toll rate increases implemented on Jan. 1.
Construction Order Book
Construction order book reached all-time high of EUR 19 billion at end of September, representing 8.2% like-for-like growth from December 2025.
Construction Adjusted EBIT Margin
Construction adjusted EBIT margin improved to 4.1% for the first nine months, up from 3.7% in the prior-year period.
I-285 East Concession Payment
I-285 East East concession payment proposed for Phase 1 at $23.1 billion, with final figures subject to interest rates and financial structuring.
I-24 Concession Payments
I-24 concession payments total $21 billion on present value basis, featuring front-loaded nominal payments of $7.7 billion during construction from 2027 to 2033.
Net Cash Position
Net cash position reached EUR 1.66 billion as of Sept. 30, excluding infrastructure project companies, compared to EUR 1.3 billion at end of 2025.
407 ETR Traffic
407 ETR traffic declined 7.1% in Q3, impacted by targeted promotions and flat regional GDP growth.
LBJ Revenue
LBJ revenue grew 16.3% in first nine months, supported by 3.9% increase in transactions.
I-66 Revenue
I-66 revenue grew 17.7% in first nine months, driven by higher toll rates and 7% increase in transactions.
I-77 Adjusted EBITDA
I-77 adjusted EBITDA declined 6.1% in first nine months, reflecting step-up in revenue share band from 25% to 50%.
NTE Revenue
NTE revenue grew 14.8% in first nine months despite 2.2% traffic decline from capacity improvement works.
NTE 35W Revenue
NTE 35W revenue grew 15.8% in first nine months despite $23.5 million revenue share impacts.
NTO Airline Agreements
NTO reached 32 airline agreements as of Oct. 28, 2026, including 24 executed agreements and eight letters of intent.
NTO Total Equity
NTO invested EUR 1,042 million following final EUR 63 million contribution in second quarter.
Project Dividends
Project dividends totaled EUR 604 million in first nine months, including EUR 315 million from 407 ETR and EUR 159 million from Dallas managed lanes.
I-285 East Construction Cost
I-285 East Phase 1 construction cost estimated at $8.9 billion with 6.5-year construction period expected to begin in 2028.
The headline
Ferrovial's Q3 2026 earnings show 18.4% revenue growth from toll increases, EUR 19 billion construction order book, and $23.1 billion I-285 East concession payment.
