Integrated Annual Report 2025
Letter from the chairman
Ferrovial in 2 minutes
Key figures
2025 Milestones
Main markets
Ferrovial on the Stock Market
Global Strategy and 2025 Performance
Global Strategy and business units
Business Performance
Statement of consolidated non-financial and sustainability information
Risk Report
Corporate Governance Report
Remuneration Report
Annex
Alternative Performance Measures
SASB indicators
Additional non-financial information
Glosary of terms
Board of directors
Other Information
CONSOLIDATED FINANCIAL STATEMENTS
SEPARATE FINANCIAL STATEMENTS
INDEPENDENT AUDITOR'S REPORT
The report
Integrated Annual Report 2025
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Letter from the chairman
Ferrovial in 2 minutes
Global Strategy and 2025 Performance
Risk Report
Corporate Governance Report
Remuneration Report
Annex
Key figures
2025 Milestones
Main markets
Ferrovial on the Stock Market
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Ferrovial in 2 minutes
Key figures
TOTAL LIQUIDITY* (€M)
ex-infrastructure. Includes undrawn credit lines (€1,008 million). *More information on Alternative Performance Measures section.
5,320€M in 2024
CONSOLIDATED NET DEBT * (€M)
ex-infrastructure project companies. *More information on Alternative Performance Measures section.
-1,794 €M in 2024
Revenues (€M)
2025
2024
+
%
(+8.6% in like-for-like terms)
compared to 2024
Construction order book (€M)
+
%
compared to 2024
Serious injuries and fatalities frequency rate
(1)
%
compared to 2022
Electricity from renewable sources
%
in 2025
CO
2
emissions
Scope 1&2 tCO
2
eq
%
in absolute terms compared to 2020
Total taxes* (€M)
*Supported, paid and collected in 2025
Beneficiaries of social projects*
beneficiaries of Stronger Together, Social Infrastructure and other programs.
Workforce at year-end*
*as of December 31, 2025
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2025 Milestones