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Item 11 — Quantitative and Qualitative Disclosures About Market Risk
Ferrovial SE · 20-F · FY 2025 · Period ended Dec 31, 2025
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We are exposed to certain market risks in the ordinary course of our business. These risks primarily consist of interest
rate risk, foreign exchange risk, credit risk, liquidity risk, equities risk and inflation risk. For information on our
quantitative and qualitative market risks, see Note 5.4 (Financial Risk and Capital Management) to the Audited
Financial Statements.