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Related party | 12 Months Ended
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Dec. 31, 2024
Related party transactions [abstract] |
Disclosure of related party [text block] | 6.8 RELATED-PARTY TRANSACTIONS Related party transactions are reported following: (i) the criteria set forth in the International Accounting Standard 24 (“IAS 24”) and (ii) the General Instructions of Part I, Item 7.B. of Form 20-F. These transactions between the Company 1 (or its Group companies) and related parties, carried out on an arm’s length basis and in the ordinary course of business in 2024, 2023 2, and 2022 2, are disclosed below, in four separate categories. If the related party has been a related party for a period shorter than the financial year, the transactions during this period are disclosed. a) Transactions between Ferrovial SE and its key management personnel 3 This section includes the transactions between the Company and its key management personnel, their close family members, or companies in which one or the other holds control or joint control, or over which they could exercise significant influence. It also includes transactions with enterprises that have a member of the key management personnel in common with the Company. At December 31, 2024:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Bankinter, S.A. | Financial expenses | (65) | (65) | (65)
Banco Sabadell, S.A. | Bank and other guarantees received | (20,126) | — | (20,126)
Financial expenses | (158) | (158) | (158)
At December 31, 2023:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Bankinter, S.A. | Financial expenses | (1,268) | — | —
Banco Sabadell, S.A. | Bank and other guarantees received | (20,110) | — | (20,110)
Banco Sabadell, S.A. | Financial expenses | (1,270) | (1,270) | —
Bank of America | Financing agreements | (112,000) | — | (112,000)
Bank of America | Bank and other guarantees received | (8,127) | — | (8,127)
Bank of America | Financial expenses | (46) | — | —
Bank of America | Settlement of derivatives | 1,415 | 1,415 | —
KBC Bank | Financing agreements | (1,660) | — | (1,660)
KBC Bank | Bank and other guarantees received | (43,000) | — | (43,000)
At December 31, 2022:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Bankinter, S.A. | Financing agreements | (50,000) | — | (50,000)
Bankinter, S.A. | Financial expenses | (253) | — | —
Banco Sabadell, S.A. | Financing agreements | (49,692) | — | (49,692)
Banco Sabadell, S.A. | Bank and other guarantees received | (19,480) | — | (19,480)
Banco Sabadell, S.A. | Financial expenses | (826) | — | —
Marsh McLennan | Services received | (253) | — | —
b) Transactions between subsidiaries of the Company and the Company’s key management personnel 3 This section includes the transactions between Group companies and the Company’s key management personnel, their close family members or companies in which one or the other holds control or joint control, or over which they could exercise significant influence. It also includes transactions with Group enterprises that have a member of the key management personnel in common with the Company. At December 31, 2024:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Juan del Pino Fdez-Fontecha | Services rendered | 554 | 97 | 188
Ignacio del Pino Fdez-Fontecha | Services rendered | 554 | 97 | 29
Rafael del Pino Fdez-Fontecha | Services rendered | 554 | 97 | 99
EDP | Services received | (31) | — | (11)
EDP | Services rendered | 8,392 | 660 | 1,348
Cummins | Services received | (15) | — | —
Cummins | Services rendered | 1,483 | 1,593 | —
Marsh McLennan | Services received | (2,251) | — | 9
Holcim group | Services received | (10,498) | — | (1,178)
Bankinter, S.A. | Financing agreements | (14,286) | — | (14,286)
Bankinter, S.A. | Bank and other guarantees received | (40,909) | — | (40,909)
Bankinter, S.A. | Financial income | 294 | 294 | —
Bankinter, S.A. | Financial expenses | (135) | (135) | (135)
Banco Sabadell, S.A. | Financing agreements | (117,929) | — | (117,929)
Banco Sabadell, S.A. | Bank and other guarantees received | (47,404) | — | (47,404)
Banco Sabadell, S.A. | Financial income | 4,802 | 4,802 | —
Banco Sabadell, S.A. | Financial expenses | (157) | (155) | (155)
Banco Sabadell, S.A. | Settlement of derivatives | 435 | 435 | 435
KBC Bank | Financing agreements | — | — | —
KBC Bank | Financial expenses | — | — | —
KBC Bank | Settlement of derivatives | — | — | —
Applus Group | Services received | (162) | — | (60)
Note: Two contracts were entered into with a company of the Ferrovial Group in 2023 (as disclosed in the Management Report for that financial year): one between Ferrovial Construcción, S.A. and an entity controlled by the Chairman and one between Ferrovial Construcción, S.A. and certain close family members of the Chairman. Both agreements were entered into as part of the ordinary course of business of Ferrovial Construcción, S.A. The amounts invoiced in 2024 under the latter contract are shown in the table above. For more information on this latter transaction, please refer to section 2.8.3.1 of the Corporate Governance section on conflict-of-interest transactions, included in the Management Report. At December 31, 2023:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Marsh McLennan Group | Services received | (2,051) | — | (51)
Holcim Group | Services received | (7,478) | (7) | (2,094)
Juan del Pino Fdez-Fontecha | Services rendered | 25 | (12) | 27
Ignacio del Pino Fdez-Fontecha | Services rendered | 25 | (12) | 27
Rafael del Pino Fdez-Fontecha | Services rendered | 25 | (12) | 27
Cummins Group | Services rendered | 28,012 | (666) | 833
Bankinter, S.A. | Financing agreements | (27,390) | — | (27,390)
Bankinter, S.A. | Bank and other guarantees received | (55,279) | — | (55,279)
Bankinter, S.A. | Financial income | 602 | 602 | —
Bankinter, S.A. | Financial expenses | — | — | —
Sabadell, S.A. | Financing agreements | (31,011) | — | (31,011)
Sabadell, S.A. | Bank and other guarantees received | (48,055) | — | (48,055)
Sabadell, S.A. | Financial income | 410 | 410 | —
Sabadell, S.A. | Financial expenses | (1,536) | (1,411) | —
Sabadell, S.A. | Derivatives settlement | 6 | 6 | —
Bank of America | Financing agreements | (191,028) | — | (191,028)
Bank of America | Financial expenses | (8,302) | (8,250) | —
At December 31, 2022:
NAME / COMPANY NAME (Thousand euro) | TRANSACTIONS | AMOUNT | PROFIT OR LOSS | BALANCE
Marsh McLennan group | Services received | (1,634) | — | 126
Sulzer | Services received | (145) | — | (93)
Holcim group | Services received | (4,826) | — | (258)
Bankinter, S.A. | Financing agreements | (13,149) | — | (13,149)
Bankinter, S.A. | Bank and other guarantees | (55,119) | — | (55,119)
Bankinter, S.A. | Financial expenses | — | — | —
Banco Sabadell, S.A. | Financing agreements | (7,459) | — | (7,459)
Banco Sabadell, S.A. | Bank and other guarantees | (32,410) | — | (32,410)
Banco Sabadell, S.A. | Financial income | 1,581 | — | —
Banco Sabadell, S.A. | Financial expenses | (881) | — | —
c) Transactions with equity-accounted companies This section includes the transactions carried out between Group companies and equity-accounted companies entered into in the ordinary course of business and on normal market terms.
(Million euro) | 2024 | 2023 | 2022
Services received | (1) | (3) | (2)
Services provided | 138 | 111 | 89
Net financial expenses/Income | 42 | 28 | 22
Payables to related parties | 41 | 23 | 28
Receivables from related parties | 331 | 294 | 252
d) Transactions between Group companies This section includes the transactions carried out between the Group companies in the ordinary course of business, in terms of purpose and conditions, and were not eliminated on consolidation for the following reason. As explained in detail in Note 1.3.2., balances and transactions relating to construction work performed by the Construction Division for the Group's infrastructure concession operators are not eliminated on consolidation since, at the consolidated level, contracts of this type are classed as construction contracts in which the work, while being executed, is deemed to be performed for third parties, as the ultimate owner of the works is the awarding entity from both a financial and a legal viewpoint. In 2024, 2023 and 2022, Ferrovial's Construction Division billed those concession operators for EUR 206,077 thousand in 2024 (EUR 375,680 thousand in 2023 and EUR 865,487 thousand in 2022) for work performed and related advance payments and, in this respect, recognized sales for that construction work totaling EUR 303,050 thousand in 2024, EUR 489,259 thousand in 2023 and EUR 1,030,639 thousand in 2022. In 2024, the profit from these transactions attributable to the Company’s holdings in the concession operators in question and not eliminated on consolidation, net of taxes and non-controlling interests, was EUR -14,206 thousand. In 2023, this amounted to EUR -34,942 thousand and in 2022 to EUR -60,507 thousand.

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