0001468522 2025-01-01 2025-12-31 0001468522 dei:BusinessContactMember 2025-01-01 2025-12-31 0001468522 dei:OtherAddressMember 2025-01-01 2025-12-31 0001468522 2025-12-31 0001468522 fer:NTEMember 2025-12-31 0001468522 fer:NTEMember 2024-12-31 0001468522 fer:LBJTollRoadMember 2025-12-31 0001468522 fer:LBJTollRoadMember 2024-12-31 0001468522 fer:NTE35WMember 2025-12-31 0001468522 fer:NTE35WMember 2024-12-31 0001468522 fer:I77TollRoadMember 2025-12-31 0001468522 fer:I77TollRoadMember 2024-12-31 0001468522 fer:I66TollRoadMember 2025-12-31 0001468522 fer:I66TollRoadMember 2024-12-31 0001468522 fer:A407ETRMember 2025-12-31 0001468522 fer:A407ETRMember 2024-12-31 0001468522 fer:A407ETRMember 2025-01-01 2025-03-31 0001468522 fer:A407ETRMember 2025-04-01 2025-06-30 0001468522 fer:A407ETRMember 2025-07-01 2025-09-30 0001468522 fer:A407ETRMember 2025-10-01 2025-12-31 0001468522 fer:A407ETRMember 2025-01-01 2025-12-31 0001468522 fer:NTEMember 2025-01-01 2025-03-31 0001468522 fer:NTEMember 2025-04-01 2025-06-30 0001468522 fer:NTEMember 2025-07-01 2025-09-30 0001468522 fer:NTEMember 2025-10-01 2025-12-31 0001468522 fer:NTEMember 2025-01-01 2025-12-31 0001468522 fer:LBJTollRoadMember 2025-01-01 2025-03-31 0001468522 fer:LBJTollRoadMember 2025-04-01 2025-06-30 0001468522 fer:LBJTollRoadMember 2025-07-01 2025-09-30 0001468522 fer:LBJTollRoadMember 2025-10-01 2025-12-31 0001468522 fer:LBJTollRoadMember 2025-01-01 2025-12-31 0001468522 fer:NTE35WMember 2025-01-01 2025-03-31 0001468522 fer:NTE35WMember 2025-04-01 2025-06-30 0001468522 fer:NTE35WMember 2025-07-01 2025-09-30 0001468522 fer:NTE35WMember 2025-10-01 2025-12-31 0001468522 fer:NTE35WMember 2025-01-01 2025-12-31 0001468522 fer:I77TollRoadMember 2025-01-01 2025-03-31 0001468522 fer:I77TollRoadMember 2025-04-01 2025-06-30 0001468522 fer:I77TollRoadMember 2025-07-01 2025-09-30 0001468522 fer:I77TollRoadMember 2025-10-01 2025-12-31 0001468522 fer:I77TollRoadMember 2025-01-01 2025-12-31 0001468522 fer:I66TollRoadMember 2025-01-01 2025-03-31 0001468522 fer:I66TollRoadMember 2025-04-01 2025-06-30 0001468522 fer:I66TollRoadMember 2025-07-01 2025-09-30 0001468522 fer:I66TollRoadMember 2025-10-01 2025-12-31 0001468522 fer:I66TollRoadMember 2025-01-01 2025-12-31 0001468522 fer:DalamanAirportMember 2025-12-31 0001468522 fer:DalamanAirportMember 2024-12-31 0001468522 fer:DalamanAirportMember 2025-01-01 2025-03-31 0001468522 fer:DalamanAirportMember 2025-04-01 2025-06-30 0001468522 fer:DalamanAirportMember 2025-07-01 2025-09-30 0001468522 fer:DalamanAirportMember 2025-10-01 2025-12-31 0001468522 fer:DalamanAirportMember 2025-01-01 2025-12-31 0001468522 currency:EUR fer:AmountInEURMember 2025-12-31 0001468522 currency:EUR fer:LocalCurrencyAmountMember 2025-12-31 0001468522 currency:PLN fer:AmountInEURMember 2025-12-31 0001468522 currency:PLN fer:LocalCurrencyAmountMember 2025-12-31 0001468522 currency:USD fer:AmountInEURMember 2025-12-31 0001468522 currency:USD fer:LocalCurrencyAmountMember 2025-12-31 0001468522 currency:CAD fer:AmountInEURMember 2025-12-31 0001468522 currency:CAD fer:LocalCurrencyAmountMember 2025-12-31 0001468522 currency:GBP fer:AmountInEURMember 2025-12-31 0001468522 currency:GBP fer:LocalCurrencyAmountMember 2025-12-31 0001468522 currency:AUD fer:AmountInEURMember 2025-12-31 0001468522 currency:AUD fer:LocalCurrencyAmountMember 2025-12-31 0001468522 srt:OtherCurrencyMember fer:AmountInEURMember 2025-12-31 0001468522 srt:OtherCurrencyMember fer:LocalCurrencyAmountMember 2025-12-31 0001468522 fer:AmountInEURMember 2025-12-31 0001468522 2024-01-01 2024-12-31 0001468522 fer:HighwaysDivisionMember 2025-01-01 2025-12-31 0001468522 fer:HighwaysDivisionMember 2024-01-01 2024-12-31 0001468522 fer:AirportsDivisionMember 2025-01-01 2025-12-31 0001468522 fer:AirportsDivisionMember 2024-01-01 2024-12-31 0001468522 fer:ConstructionDivisionMember 2025-01-01 2025-12-31 0001468522 fer:ConstructionDivisionMember 2024-01-01 2024-12-31 0001468522 fer:EnergyDivisionMember 2025-01-01 2025-12-31 0001468522 fer:EnergyDivisionMember 2024-01-01 2024-12-31 0001468522 fer:OtherDivisionMember 2025-01-01 2025-12-31 0001468522 fer:OtherDivisionMember 2024-01-01 2024-12-31 0001468522 fer:AdjustmentsMember 2025-01-01 2025-12-31 0001468522 fer:AdjustmentsMember 2024-01-01 2024-12-31 0001468522 country:US 2025-01-01 2025-12-31 0001468522 country:US 2024-01-01 2024-12-31 0001468522 country:PL 2025-01-01 2025-12-31 0001468522 country:PL 2024-01-01 2024-12-31 0001468522 country:ES 2025-01-01 2025-12-31 0001468522 country:ES 2024-01-01 2024-12-31 0001468522 country:GB 2025-01-01 2025-12-31 0001468522 country:GB 2024-01-01 2024-12-31 0001468522 country:CA 2025-01-01 2025-12-31 0001468522 country:CA 2024-01-01 2024-12-31 0001468522 fer:OthersMember 2025-01-01 2025-12-31 0001468522 fer:OthersMember 2024-01-01 2024-12-31 0001468522 country:US 2025-12-31 0001468522 country:CA 2025-12-31 0001468522 country:ES 2025-12-31 0001468522 country:PL 2025-12-31 0001468522 country:NL 2025-12-31 0001468522 country:IN 2025-12-31 0001468522 country:TR 2025-12-31 0001468522 country:GB 2025-12-31 0001468522 country:CL 2025-12-31 0001468522 country:AU 2025-12-31 0001468522 country:CO 2025-12-31 0001468522 fer:OthersMember 2025-12-31 0001468522 fer:ConstructionDivisionMember 2025-01-01 2025-12-31 0001468522 fer:HighwaysDivisionMember 2025-01-01 2025-12-31 0001468522 fer:AirportsDivisionMember 2025-01-01 2025-12-31 0001468522 fer:EnergyDivisionMember 2025-01-01 2025-12-31 0001468522 fer:ConstructionDivisionMember 2024-01-01 2024-12-31 0001468522 fer:HighwaysDivisionMember 2024-01-01 2024-12-31 0001468522 fer:AirportsDivisionMember 2024-01-01 2024-12-31 0001468522 fer:EnergyDivisionMember 2024-01-01 2024-12-31 0001468522 fer:OtherDivisionMember 2025-01-01 2025-12-31 0001468522 fer:OtherDivisionMember 2024-01-01 2024-12-31 0001468522 fer:ReportedRevenueMember 2025-01-01 2025-12-31 0001468522 fer:ReportedRevenueMember 2024-01-01 2024-12-31 0001468522 fer:AdjustedEBITDAComparableMember 2025-01-01 2025-12-31 0001468522 fer:AdjustedEBITDAComparableMember 2024-01-01 2024-12-31 0001468522 fer:ComparableLikeForLikeRevenueMember 2025-01-01 2025-12-31 0001468522 fer:ComparableLikeForLikeRevenueMember 2024-01-01 2024-12-31 0001468522 fer:BudimexMember 2025-01-01 2025-12-31 0001468522 fer:BudimexMember 2024-01-01 2024-12-31 0001468522 fer:WebberMember 2025-01-01 2025-12-31 0001468522 fer:WebberMember 2024-01-01 2024-12-31 0001468522 fer:FerrovialConstructionMember 2025-01-01 2025-12-31 0001468522 fer:FerrovialConstructionMember 2024-01-01 2024-12-31 shares iso4217:EUR pure iso4217:PLN iso4217:USD iso4217:CAD iso4217:GBP iso4217:AUD FY false 0001468522 20-F/A false true 2025-12-31 false false 001-41912 Ferrovial N.V. P7 Gustav Mahlerplein 61-63 Symphony Towers, 14th Floor 1082 MS Amsterdam NL Ignacio Madridejos Gustav Mahlerplein 61-63 Symphony Towers, 14th Floor 1082 MS Amsterdam NL +31 20 798 3700 ir@ferrovial.com Príncipe de Vergara, 135 28002 Madrid ES +34 91 586 2736 Ordinary shares, par value EUR 0.01 per share FER NASDAQ 15(d) --12-31 2025 720626181 Yes No Yes Yes Large Accelerated Filer false false false International Financial Reporting Standards false 37000000 39000000 46000000 46000000 52000000 51000000 42000000 43000000 35000000 32000000 2819000000 2658000000 0.02 0.06 0.09 0.06 0.06 -0.06 -0.04 -0.04 -0.06 -0.05 0.02 0.01 0.02 -0.04 0 0.03 0.05 0.05 0 0.03 0.04 0.08 0.13 0.04 0.07 0 0.02 0.01 -0.11 -0.02 5.6 5.6 0.01 0 -0.02 0.01 -0.01 2165000000 2165000000 687000000 2883000000 577000000 670000000 372000000 598000000 236000000 207000000 154000000 271000000 80000000 4271000000 9627000000 9148000000 0.052 1124000000 1115000000 0.008 5199000000 4931000000 0.054 1847000000 1760000000 0.049 8170000000 7806000000 0.047 490000000 441000000 0.111 210000000 2208000000 -0.905 1177000000 3109000000 -0.621 -348000000 -339000000 0.027 -76000000 -72000000 -0.056 -424000000 -411000000 0.032 57000000 74000000 -0.230 2000000 611000000 -0.997 59000000 685000000 -0.914 365000000 -274000000 2.332 258000000 238000000 0.084 1070000000 3621000000 -0.705 60000000 -145000000 -1.414 1130000000 3476000000 -0.675 20000000 14000000 0.429 1150000000 3490000000 -0.670 262000000 251000000 0.044 888000000 3239000000 -0.726 9627000000 9148000000 1374000000 1256000000 0.094 111000000 91000000 0.220 7653000000 7236000000 0.058 339000000 270000000 0.256 460000000 519000000 -0.114 -310000000 -224000000 -0.384 9627000000 9148000000 0.052 1374000000 1256000000 111000000 91000000 7653000000 7236000000 270000000 1124000000 1115000000 5199000000 4931000000 1847000000 1760000000 490000000 441000000 210000000 2208000000 2208000000 -424000000 -411000000 -348000000 -339000000 -76000000 -72000000 59000000 685000000 2000000 611000000 365000000 -274000000 258000000 238000000 60000000 -145000000 20000000 14000000 14000000 1150000000 3490000000 262000000 251000000 7653000000 1374000000 111000000 339000000 460000000 -310000000 9627000000 7142000000 385000000 75000000 336000000 537000000 -305000000 8170000000 160000000 270000000 22000000 15000000 23000000 0 490000000 6000000 0 270000000 -7000000 -59000000 0 210000000 357000000 719000000 284000000 -19000000 -159000000 -5000000 1177000000 -52000000 -57000000 30000000 -4000000 9000000 0 -74000000 126000000 -234000000 69000000 -15000000 -237000000 0 -291000000 74000000 -291000000 99000000 19000000 228000000 0 365000000 0 -247000000 11000000 0 0 0 258000000 431000000 675000000 394000000 -38000000 -387000000 -5000000 1070000000 -99000000 -65000000 -92000000 0 316000000 0 60000000 332000000 610000000 302000000 -38000000 -71000000 -5000000 1130000000 0 0 0 0 20000000 0 20000000 332000000 610000000 302000000 -38000000 -51000000 -5000000 1150000000 -91000000 -177000000 5000000 1000000 0 0 262000000 241000000 433000000 307000000 -37000000 -51000000 -5000000 888000000 7236000000 1256000000 91000000 270000000 519000000 -224000000 9148000000 6806000000 338000000 65000000 268000000 551000000 -222000000 7806000000 146000000 232000000 22000000 13000000 28000000 0 441000000 0 151000000 2025000000 0 32000000 0 2208000000 284000000 837000000 2029000000 -11000000 -28000000 -2000000 3109000000 -34000000 -75000000 627000000 0 24000000 -3000000 539000000 150000000 -215000000 -2000000 -8000000 -193000000 3000000 -265000000 -116000000 290000000 -625000000 8000000 169000000 0 -274000000 0 -226000000 -8000000 0 -4000000 0 238000000 400000000 773000000 2662000000 -19000000 -193000000 -2000000 3621000000 -142000000 -110000000 3000000 5000000 99000000 0 -145000000 258000000 663000000 2665000000 -14000000 -94000000 -2000000 3476000000 0 0 0 0 -14000000 0 14000000 258000000 663000000 2665000000 -14000000 -80000000 -2000000 3490000000 -68000000 -160000000 -23000000 0 0 0 251000000 190000000 503000000 2642000000 -14000000 -80000000 -2000000 3239000000 3485000000 3271000000 2228000000 2119000000 1891000000 1584000000 804000000 809000000 371000000 246000000 848000000 1119000000 9627000000 9148000000 15298000000 0.558 2451000000 0.089 2294000000 0.084 1997000000 0.073 1893000000 0.069 884000000 0.032 659000000 0.024 637000000 0.023 524000000 0.019 238000000 0.009 175000000 0.006 369000000 0.013 27420000000 1.000 1150000000 3490000000 20000000 14000000 60000000 -145000000 258000000 238000000 365000000 -274000000 210000000 2208000000 967000000 901000000 332000000 610000000 302000000 -38000000 -51000000 -5000000 1150000000 0 0 0 0 20000000 0 20000000 -99000000 -65000000 -92000000 0 316000000 0 60000000 0 -247000000 11000000 0 0 0 258000000 74000000 -291000000 99000000 19000000 228000000 0 365000000 6000000 0 270000000 -7000000 -59000000 0 210000000 351000000 719000000 14000000 -12000000 -100000000 -5000000 967000000 258000000 663000000 2665000000 -14000000 -80000000 -2000000 3490000000 0 0 0 0 -14000000 0 14000000 -142000000 -110000000 3000000 5000000 99000000 0 -145000000 0 -226000000 -8000000 0 -4000000 0 238000000 -116000000 290000000 -625000000 8000000 169000000 0 -274000000 0 151000000 2025000000 0 32000000 0 2208000000 284000000 686000000 4000000 -11000000 -60000000 -2000000 901000000 719000000 686000000 0.048 14000000 4000000 2.500 351000000 284000000 0.236 -12000000 -11000000 -0.091 -105000000 -62000000 -0.694 967000000 901000000 0.073 719000000 686000000 351000000 284000000 14000000 4000000 -12000000 -11000000 1150000000 3490000000 20000000 14000000 60000000 -145000000 258000000 238000000 365000000 -274000000 210000000 2208000000 490000000 441000000 1457000000 1342000000 332000000 610000000 302000000 -38000000 -51000000 -5000000 1150000000 0 0 0 0 20000000 0 20000000 -99000000 -65000000 -92000000 0 316000000 0 60000000 0 -247000000 11000000 0 0 0 258000000 74000000 -291000000 99000000 19000000 228000000 0 365000000 6000000 0 270000000 -7000000 -59000000 0 210000000 160000000 270000000 22000000 15000000 23000000 0 490000000 511000000 989000000 36000000 3000000 -77000000 -5000000 1457000000 258000000 663000000 2665000000 -14000000 -80000000 -2000000 3490000000 0 0 0 0 -14000000 0 14000000 -142000000 -110000000 3000000 5000000 99000000 0 -145000000 0 -226000000 -8000000 0 -4000000 0 238000000 -116000000 290000000 -625000000 8000000 169000000 0 -274000000 0 151000000 2025000000 0 32000000 0 2208000000 146000000 232000000 22000000 13000000 28000000 0 441000000 430000000 918000000 26000000 2000000 -32000000 -2000000 1342000000 9627000000 9148000000 0 -167000000 0 0 0 -116000000 0 0 0 0 0 0 0 0 9627000000 8865000000 1150000000 3490000000 -20000000 -14000000 60000000 -145000000 -258000000 -238000000 365000000 -274000000 210000000 2208000000 0 -28000000 0 2000000 0 0 0 0 0 0 0 0 967000000 874000000 1150000000 3490000000 -20000000 -14000000 60000000 -145000000 -258000000 -238000000 365000000 -274000000 210000000 2208000000 490000000 441000000 0 -39000000 0 -4000000 0 0 0 0 0 0 0 0 1457000000 1299000000 490000000 4048000000 4389000000 5556000000 5710000000 7834000000 6657000000 17438000000 16755000000 17438000000 16755000000