APPENDIX
| (EUR Million) | TRAFFIC (Million of transactions) |
REVENUE | ADJ. EBITDA* | ADJ. EBITDA MARGIN* | NET DEBT* | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global consolidation | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | FY 25 | SHARE |
| NTE | 37 | 39 | -4.7% | 286 | 276 | 3.4% | 246 | 244 | 0.9% | 86.0% | 88.1% | 1,261 | 63.0% |
| LBJ | 46 | 46 | -0.1% | 216 | 208 | 3.9% | 178 | 171 | 4.4% | 82.7% | 82.3% | 1,735 | 54.6% |
| NTE 35W | 52 | 51 | 2.9% | 325 | 296 | 9.8% | 260 | 246 | 5.8% | 80.1% | 83.1% | 1,397 | 53.7% |
| I-77 | 42 | 43 | -2.0% | 115 | 98 | 16.6% | 71 | 64 | 11.5% | 62.2% | 65.1% | 396 | 72.2% |
| I-66 | 35 | 32 | 7.4% | 268 | 228 | 17.4% | 218 | 181 | 20.3% | 81.4% | 79.5% | 1,489 | 55.7% |
| TOTAL USA | 1,209 | 1,107 | 9.3% | 974 | 906 | 7.5% | 6,278 | ||||||
| Autema** | 19,446 | 17,405 | 11.7% | 81 | 73 | 10.7% | 72 | 65 | 11.3% | 89.0% | 88.5% | 541 | 76.3% |
| Aravia** | 41,690 | 39,811 | 4.7% | 44 | 34 | 29.8% | 37 | 25 | 48.1% | 82.5% | 72.3% | -37 | 100.0% |
| TOTAL SPAIN | 125 | 107 | 16.8% | 108 | 89 | 21.5% | 504 | ||||||
| Via Livre | 9 | 16 | -40.5% | 1 | 3 | -58.1% | 12.2% | 17.3% | -6 | 84.0% | |||
| TOTAL PORTUGAL | 9 | 16 | -40.5% | 1 | 3 | -58.1% | -6 | ||||||
| TOTAL HEADQUARTERS AND OTHER*** | 31 | 27 | 14.9% | -94 | -79 | -18.4% | 11 | ||||||
| TOTAL HIGHWAYS | 1,374 | 1,256 | 9.4% | 990 | 918 | 7.7% | 72.0% | 73.1% | 6,787 | ||||
*Non-IFRS financial measure. For the definition and reconciliation to the most comparable IFRS measure, see Alternative Performance Measures annex in the Integrated Annual Report
(page 269)
**Traffic in ADT (Average Daily Traffic)
***Revenue and Adjusted EBITDA include Headquarters and Other, while Net Debt refers only to Next Move
| (EUR Million) | TRAFFIC (ADT) | REVENUE | EBITDA | CONTRIBUTION TO FERROVIAL EQUITY ACCOUNTED RESULT |
NET DEBT | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity accounted | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | VAR. | FY 25 | FY 24 | VAR. | FY 25 | SHARE | |
| 407 ETR (VKT million) | 2,819 | 2,658 | 6.1% | 1,272 | 1,151 | 10.6% | 1,068 | 997 | 7.2% | 217 | 188 | 15.7 % | 6,528 | 48.3% | |
| M4* | 38,121 | n.a. | 29 | n.a. | 16 | n.a. | 2 | n.a. | |||||||
| M3* | 45,156 | n.a. | 10 | n.a. | 5 | n.a. | 0 | n.a. | |||||||
| A-66 Benavente Zamora* | 21 | n.a. | 18 | n.a. | 3 | n.a. | |||||||||
| Serrano Park* | 5 | n.a. | 3 | n.a. | 0 | n.a. | |||||||||
| Silvertown Tunnel | 63 | 49 | 28.7% | 56 | 49 | 15.9% | 2 | 2 | 39.8% | 1,350 | 22.5% | ||||
| Ruta del Cacao | 141 | 135 | 4.0% | 115 | 118 | -2.9% | 6 | 7 | -9.3% | 282 | 30.0% | ||||
| EMESA** | 34 | 200 | -83.1% | 4 | 114 | -96.4% | -3 | 11 | -122.8% | 15 | 10.0% | ||||
| IRB | 716 | 894 | -19.9% | 313 | 449 | -30.3% | 25 | 13 | 98.8% | 1,050 | 19.9% | ||||
| IRB Private InvIT | 653 | 243 | 168.1% | 283 | 114 | 148.6% | -6 | -8 | 25.5% | 1,614 | 24.0% | ||||
| Toowoomba | 24 | 26 | -8.3% | 5 | 3 | 101.3% | 2 | 1 | 89.5% | 187 | 40.0% | ||||
| OSARs | 6 | 7 | -12.7% | 5 | 6 | -14.6% | 1 | 2 | -19.2% | 179 | 50.0% | ||||
| Zero ByPass (Bratislava) | 38 | 40 | -4.1% | 32 | 33 | -3.8% | 1 | 2 | -34.3% | 748 | 35.0% | ||||
*Following the Umbrella Roads BV transaction completed in October 2024, the M4, M3, A-66 Benavente-Zamora, and Serrano Park were divested.
** In December 2025, Madrid City Council acquired the 20% stake in Calle 30 previously held by EMESA (Ferrovial holds a 50% stake in EMESA).
| Cookie | Duration | Description |
|---|---|---|
| _csrf | 1 year | Anti Cross-site request forgery cookie. |
| _ga | 2 years | This cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors. |
| _gat | 1 minute | This cookies is installed by Google Universal Analytics to throttle the request rate to limit the colllection of data on high traffic sites. |
| _gid | 23 hours 59 minutes | This cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the wbsite is doing. The data collected including the number visitors, the source where they have come from, and the pages viisted in an anonymous form. |
| _hjAbsoluteSessionInProgress | 30 minutes | This cookie is used to detect the first pageview session of a user. This is a True/False flag set by the cookie. |
| dtCookie | Sesión |
| Cookie | Duration | Description |
|---|---|---|
| _fbp | 2 months 28 days 23 hours 59 minutes | This cookie is set by Facebook to deliver advertisement when they are on Facebook or a digital platform powered by Facebook advertising after visiting this website. |
| uid | 1 año | This cookie is used to measure the number and behavior of visitors to the website anonymously. The data includes the number of visits, average length of visit on the website, pages visited, etc. in order to better understand user preferences for targeted ads. |
