Madrid / New York — Ferrovial has marked 2025 as a pivotal year, strengthening its position as a global infrastructure leader while significantly accelerating Ferrovial U.S. infrastructure growth, according to a letter to employees and shareholders from CEO Ignacio Madridejos.
The company delivered complex, essential infrastructure projects worldwide, achieved strong financial performance, and deepened its footprint across high-growth U.S. markets, positioning the country as its priority geography for future expansion.
Nasdaq listing strengthens access to global capital
A major milestone in 2025 was Ferrovial’s Nasdaq Stock Exchange listing in May, following more than 20 years of operating in the U.S. The move provides direct access to global capital markets, enabling the company to pursue large-scale opportunities aligned with Ferrovial U.S. infrastructure growth.
The listing reinforces Ferrovial’s long-term commitment to the U.S. and supports its strategy to invest in transport, airports, energy and digital infrastructure.
Transforming mobility through public-private partnerships
Ferrovial also celebrated the 10-year anniversary of the North Tarrant Express (TEXpress) in the Dallas–Fort Worth region. Part of the TEXpress Lanes network, the project has delivered more reliable travel options while generating a $20.2 billion economic impact, supporting over 100,000 full-time equivalent jobs and $5.9 billion in earned wages.
Looking ahead, the company sees a strong pipeline of infrastructure assets in fast-growing metropolitan areas including Atlanta, Charlotte, Nashville and Northern Virginia, where demand for enhanced mobility continues to rise—further reinforcing Ferrovial U.S. infrastructure growth.
Major progress on JFK’s New Terminal One
In aviation, Ferrovial is leading the $9 billion New Terminal One project at JFK International Airport in partnership with the Port Authority of New York and New Jersey. The project remains on budget and on schedule, with operations set to begin in 2027.
Once completed, it will be the largest terminal at JFK, capable of handling 23 million passengers annually, delivering a best-in-class passenger experience and strengthening New York’s global competitiveness.
Entry into U.S. renewable energy
Expanding beyond transport, Ferrovial entered the U.S. renewable energy sector in 2025 with the construction of a solar photovoltaic plant in Leon County, Texas. The $72 million investment will generate enough electricity to power 36,000 homes, marking Ferrovial’s first renewable energy project in the U.S.
This move reflects the company’s strategy to diversify its portfolio while supporting energy transition goals.
Digital infrastructure and construction performance
Ferrovial’s construction division exceeded its annual profitability target, supported by disciplined execution and operational efficiency. The company also launched a new Digital Infrastructure Division, leveraging decades of engineering expertise to expand into data center development, a rapidly growing global sector.
This strategic diversification further underpins Ferrovial U.S. infrastructure growth, particularly in technology-driven assets.
Strong financial performance
Financially, Ferrovial reported adjusted EBITDA of $1.5 billion in 2025, representing a 38.9% year-over-year increase, alongside annual revenue of $9.9 billion, up 6.7%.
Investors continue to recognize the company’s high-quality infrastructure assets, inflation-linked pricing, robust project pipeline, and long-term financial discipline.
Looking ahead to 2026
In 2026, Ferrovial plans to further leverage its integrated business model, combining design, development, construction and operation across highways, airports and energy assets in North America.
With population growth driving infrastructure demand, the company aims to deliver innovative, resilient solutions that help communities thrive—cementing Ferrovial U.S. infrastructure growth as a central pillar of its global strategy.
