Atlas Arteria

ALX.ASX

Industrials

Global owner, operator and developer of toll roads

Market Data

Price

$4.955

+0.0%
Market Cap

$7.1B

P/E Ratio

39.3x

EPS

$0.125

Div. Yield

8.15%

52-Week Change

+0.0%

Latest Earnings

2025 Annual Report and Appendix 4E

26 February 2026

Revenue
$160.00
+9.7% YoY
NPAT
$181.80
-39.4% YoY
Dividend
$0.40

Atlas Arteria delivered solid results for FY2025 with proportional toll revenue up 9.4% and EBITDA up 9.3% to A$1.51B, despite a 39.4% decline in statutory NPAT to A$181.8M. The company maintained its distribution guidance of 40 cents per security, supported by strong performance across its French, German and US toll road portfolio, though political uncertainty in France and regulatory challenges at Dulles Greenway remain key headwinds. Key points: Proportional toll revenue increased 9.4% to A$2.01B with strong performance across all toll road assets; Proportional EBITDA grew 9.3% to A$1.51B with 75% EBITDA margin maintained; Strong traffic growth at Dulles Greenway (+8.2%) and solid performance at APRR despite political headwinds

Recent Announcements

26 Feb 2026 Supplementary Neutral

2025 Full Year Results Presentation

Atlas Arteria released its 2025 full year results presentation, reporting statutory net profit after tax of $181.8m, proportional toll revenue of $2,012.3m, and maintaining a 40 cents per security distribution guidance for both 2025 and 2026.

26 Feb 2026 Actual Results Neutral

2025 Annual Report and Appendix 4E

Atlas Arteria delivered solid results for FY2025 with proportional toll revenue up 9.4% and EBITDA up 9.3% to A$1.51B, despite a 39.4% decline in statutory NPAT to A$181.8M. The company maintained its distribution guidance of 40 cents per security, supported by strong performance across its French, German and US toll road portfolio, though political uncertainty in France and regulatory challenges at Dulles Greenway remain key headwinds. Key points: Proportional toll revenue increased 9.4% to A$2.01B with strong performance across all toll road assets; Proportional EBITDA grew 9.3% to A$1.51B with 75% EBITDA margin maintained; Strong traffic growth at Dulles Greenway (+8.2%) and solid performance at APRR despite political headwinds

26 Feb 2026 Actual Results Neutral

2025 Full Year Results Announcement

Atlas Arteria delivered solid FY25 results with 9.4% proportional toll revenue growth to $2.01B and 9.3% EBITDA growth, though statutory NPAT fell 39.4% to $181.8M due to the French Temporary Supplemental Tax. The company maintained its 40c distribution for 2025 and provided 2026 guidance of 40c, while traffic growth was strong at Dulles Greenway (+8.2%) and stable across the French portfolio. Key points: Strong 9.4% proportional toll revenue growth driven by traffic performance and toll increases; Maintained 75.0% EBITDA margin across the portfolio; Dulles Greenway traffic surged 8.2% as drivers avoided congested alternate routes

7 Feb 2026 Date Announcement Neutral

Earnings Release - 25 February 2026

Upcoming earnings release expected 25 February 2026 (from Yahoo Finance (confirmed))

28 Aug 2025 Supplementary Neutral

Half Year Results Investor Presentation to 30 June 2025

Atlas Arteria released its half-year results presentation for the period ended 30 June 2025, reporting statutory net profit after tax of $73.3m, proportional toll revenue growth of 8.1%, and maintaining 2025 distribution guidance of 40 cents per security, while progressing growth initiatives in France and addressing litigation at its Dulles Greenway asset.

28 Aug 2025 Actual Results Positive

Half Year Results Announcement to 30 June 2025

Atlas Arteria delivered H1 2025 results with statutory NPAT of $73.3M (down 32.9% YoY), heavily impacted by a $57.8M Temporary Supplemental Tax charge in France, while underlying operational performance was strong with proportionate toll revenue up 8.1% and free cash flow per security up 9.2% to 19.4 cents. The company reaffirmed its 2025 distribution guidance of 40.0 cents per security, supported by growing cash generation across its diversified portfolio of toll road assets in France, Germany, and the United States. Key points: Strong proportionate toll revenue growth of 8.1% driven by toll increases and favorable FX movements; Free cash flow per security increased 9.2% to 19.4 cents, demonstrating improved cash generation capability; Operating free cash flow up 9.2% to $281.3M, supporting stable distributions and capital discipline

28 Aug 2025 Actual Results Neutral

Appendix 4D and Interim Financial Report

Atlas Arteria reported H1 2025 net profit of A$73.3m, down 32.9% from A$109.2m in H1 2024, primarily due to a one-time Temporary Supplemental Tax (TST) in France reducing APRR profits by A$57.8m. Revenue grew 11.4% to A$77.5m driven by toll revenue increases across all businesses, though this was offset by the TST impact and Chicago Skyway losses. The company reaffirmed FY2025 distribution guidance of 40.0 cents per security. Key points: Total revenue grew 11.4% to A$77.5m driven by strong toll revenue performance across all business units (APRR +3.7%, Chicago Skyway +3.4%, Dulles Greenway +7.4%, Warnow +4.3%); APRR toll revenue increased 3.7% (€1,484.9m) with traffic up 2.4%, reflecting strong light vehicle demand in low unemployment environment; successfully issued €500m of bonds at 73bps margin; Dulles Greenway showed strong operational performance with traffic up 8.2%, revenue up 7.4%, and EBITDA up 9.8%, demonstrating resilience despite regulatory challenges; maintains A$253.5m in cash reserves

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