Ferrovial SE ended its March 2025 share‑repurchase program on December 12, 2025, and simultaneously announced a new buyback plan authorized by the April 24, 2025 general meeting. The new program caps total spending at €800 million and limits purchases to no more than 15 million shares, roughly 2.04 % of the company’s issued capital as of the announcement.
The program will run from December 15, 2025 to October 15, 2026, unless extended or terminated earlier. Shares may be bought at a price no higher than the higher of the last independent trade or the highest current independent purchase bid. Goldman Sachs has been appointed to execute purchases under the new plan, acting independently of Ferrovial’s operations.
Ferrovial’s financial profile supports the move. The company has maintained dividend payments for 21 consecutive years, operates with moderate debt, and posted gross profit margins of 87.03 %. It is slated for inclusion in the Nasdaq‑100 index effective December 22, 2025, and has a history of share‑buyback programs, including a €500 million program announced in March 2025.
The decision reflects Ferrovial’s disciplined capital allocation philosophy. By terminating the older program and launching a new one with clear limits, the company signals its intent to use excess cash prudently while preserving flexibility to fund future strategic initiatives, such as North American infrastructure projects and other corporate actions involving treasury shares.
The new buyback plan strengthens Ferrovial’s capital structure and enhances shareholder value by returning capital in a controlled manner, positioning the company to pursue growth opportunities without compromising financial stability.
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