Ferrovial joins the Nasdaq-100 Index®, achieving new milestone in global growth

Rhea-AI Summary

Ferrovial (NASDAQ:FER) announced it will join the Nasdaq-100 Index, effective prior to market open on December 22, 2025. The inclusion follows the company’s U.S. market listing in May 2024 and is presented as a milestone in Ferrovial’s global growth and U.S. expansion strategy.

The company highlighted expected benefits including greater visibility with U.S. and global investors, a broader shareholder base, and affirmation of its integrated infrastructure model. Ferrovial noted more than 20 years of North American operations and current development of New Terminal One at JFK Airport.

Positive

• Nasdaq-100 inclusion effective Dec 22, 2025
• U.S. trading began in May 2024
• First IBEX 35 component to trade ordinary shares on Nasdaq
• 20+ years of North American operations
• Developing New Terminal One at JFK Airport

Negative

• None.

Key Figures

Current price 66.75 Pre-news close for FER

52-week high 67.54 Price is 1.17% below this level

200-day MA 54.03 FER trading above long-term moving average

Nine-month 2025 revenue €6.9bn Like-for-like growth of 6.2%

Adjusted EBITDA €1.03bn Nine-month 2025, +4.8% like-for-like

Construction order book €17.2bn As of nine-month 2025 results

Interim scrip dividend EUR 342,000,000 Second 2025 interim scrip dividend

Cash dividend per share EUR 0.0770 Interim cash dividend announced Nov 25, 2025

Market Reality Check

$66.75 Last Close

Volume Volume 1,416,199 is 1.34x the 20-day average of 1,056,402, indicating elevated interest ahead of the announcement. normal

Technical Price at 66.75 trades above the 200-day MA 54.03 and sits 1.17% below the 52-week high of 67.54.

Peers on Argus

Key engineering & construction peers (PWR, EME, FIX, ACM, J) showed declines between -1.43% and -5.75%, contrasting with FER’s flat pre-news level at 0% change.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 03	Dividend declaration	Positive	+1.9%	Announced interim cash dividend of EUR 0.0770 per share.
Nov 04	Dividend timing change	Positive	+0.6%	Accelerated payment date for previously declared interim scrip dividend.
Oct 29	Nine-month results	Positive	-0.6%	Reported 6.2% LFL revenue growth and higher EBITDA and EBIT.
Oct 28	Nine-month results	Positive	-1.3%	Detailed strong revenue, EBITDA and order book with portfolio transactions.
Oct 15	Scrip dividend	Positive	+2.4%	Declared second 2025 interim scrip dividend totaling EUR 342,000,000.

Pattern Detected

Recent positive dividends and solid results often saw modestly positive reactions, but earnings-related updates showed some divergence with negative price moves.

Recent Company History

Over the last few months, Ferrovial reported solid nine-month 2025 results with revenue €6.9bn, adjusted EBITDA €1.03bn, and a growing construction order book €17.2bn. The company executed major portfolio moves, including divesting Heathrow and AGS for a combined €1,073m and acquiring a 5.06% stake in 407 ETR for €1.3bn. Capital returns remained active through interim scrip dividends totaling €342m and a cash dividend of EUR 0.0770 per share. Today’s Nasdaq-100 inclusion adds a visibility milestone on top of this financial and capital-returns backdrop.

Market Pulse Summary

This announcement highlights Ferrovial’s inclusion in the Nasdaq-100 Index®, reinforcing its U.S. listing that began in May 2024 and its long-standing North American presence. The company recently reported nine-month 2025 revenue of €6.9bn and an order book of €17.2bn, while returning capital via scrip and cash dividends, including an interim EUR 342m program. Investors may focus on how index membership affects trading liquidity, plus upcoming financial results and dividend decisions to track execution of its global growth strategy.

Key Terms

nasdaq-100 index technical

"announced its inclusion in the Nasdaq-100 Index®, marking a significant milestone"

A stock market index made up of the 100 largest non-financial companies listed on the Nasdaq exchange, ranked by the total value of their publicly traded shares. Think of it as a single basket or scoreboard that tracks how a group of prominent, mostly tech- and growth-oriented firms are performing together; investors use it as a benchmark to gauge market trends, build funds or ETFs, and get broad exposure to large-cap Nasdaq-listed stocks.

scrip dividend financial

"an acceleration of its interim scrip dividend payment: the distribution is now"

A scrip dividend is an option that lets shareholders receive extra company shares instead of a cash payout, with the number of shares based on how many shares they already own. It matters to investors because it preserves the company’s cash while increasing the total shares outstanding, which can dilute each share’s claim on profits and change an investor’s ownership percentage and expected income — like choosing an extra slice of pie now rather than getting money for it.

treasury shares financial

"The company intends to deliver treasury shares to shareholders who elect"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

convertible bonds financial

"placed non-dilutive, cash-settled convertible bonds amounting to EUR 400 million"

A convertible bond is a loan a company issues that pays regular interest and can be exchanged for a fixed number of the company’s shares under specified terms. It matters to investors because it combines the steady income and lower downside risk of a bond with the upside potential of owning stock—like holding a ticket that can be cashed for equity if the share price rises—affecting returns, risk, and shareholder dilution.

form 6-k regulatory

"filed a Form 6-K to update investors on transactions made under its share buyback"

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

form s-8 regulatory

"filed a Form S-8 to register 50,000 ordinary shares"

A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.

withholding tax regulatory

"Cash distributions are generally subject to 15% Dutch withholding tax"

Withholding tax is a government-required portion of a payment—such as dividends, interest, or salary—that the payer keeps back and sends directly to tax authorities before the recipient receives the money. For investors it reduces the cash they actually get and changes the after-tax return on an investment; rates and refund or credit rules vary by country and can materially affect comparisons between similar investments, like a cashier holding part of a bill to cover taxes.

AI-generated analysis. Not financial advice.

• Inclusion showcases a strong U.S. market presence and commitment to long-term shareholder value

AMSTERDAM, Dec. 13, 2025 /PRNewswire/ -- Ferrovial, a leading global infrastructure company, today announced its inclusion in the Nasdaq-100 Index®, marking a significant milestone in its global growth strategy. This achievement comes one and a half years after the company's initial listing on the U.S. stock market.

"Ferrovial's inclusion in the Nasdaq-100 highlights the strength of our distinctive integrated business model in delivering essential infrastructure. This milestone enhances our visibility with U.S. and global investors, broadens our shareholder base, and reflects market confidence in our ability to develop high-value projects that drive economic growth and help the communities where we operate thrive. We are committed to executing our growth strategy, investing in the U.S. and creating long-term value for our shareholders," said Ferrovial CEO Ignacio Madridejos.

Ferrovial's addition to the index will become effective prior to market open on Monday, December 22, 2025. The company began trading on the U.S. stock market in May 2024, alongside listings in Spain and the Netherlands. This made Ferrovial the first IBEX 35 index component to trade its ordinary shares on Nasdaq.

Ferrovial is one of the largest listed infrastructure companies in North America, where it has operated for more than 20 years building and managing express lanes in Texas, North Carolina, Virginia and Ontario. Currently, the company is also developing the New Terminal One at New York's JFK International Airport. 

About Ferrovial
Ferrovial is one of the world's leading infrastructure companies, with a distinctive integrated business model supporting the entire lifecycle of a project from design, financing and construction to operation and maintenance. The company has a global presence and employs over 25,500 people worldwide. North America is the company's growth engine, representing the majority of its asset value, based on analysts' consensus valuation. Ferrovial is triple listed on the U.S, Spanish and Dutch stock markets. It is included in globally recognized sustainability indices such as the Dow Jones Best in Class Index (former Dow Jones Sustainability Index) and strives to conduct its operations in compliance with the principles of the UN Global Compact, which the Company adopted in 2002.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ferrovial-joins-the-nasdaq-100-index-achieving-new-milestone-in-global-growth-302640609.html

SOURCE Ferrovial

FAQ

When does Ferrovial (FER) officially join the Nasdaq-100 Index?

Ferrovial's addition to the Nasdaq-100 becomes effective prior to market open on December 22, 2025.

What does Ferrovial's Nasdaq-100 inclusion mean for FER shareholders?

The company says the inclusion broadens its shareholder base and increases visibility with U.S. and global investors.

When did Ferrovial (FER) start trading on the U.S. stock market?

Ferrovial began trading on the U.S. stock market in May 2024.

Is Ferrovial the first IBEX 35 company to list ordinary shares on Nasdaq?

Yes—the company notes it became the first IBEX 35 component to trade ordinary shares on Nasdaq.

What U.S. projects does Ferrovial (FER) operate or develop?

Ferrovial operates express lanes in Texas, North Carolina, Virginia and Ontario and is developing New Terminal One at JFK.

How long has Ferrovial operated in North America according to the announcement?

The company states it has operated in North America for more than 20 years.