Atlas Arteria Q2 toll revenue edges lower on FX

• Atlas Arteria (ASX:ALX) reported Q2 2026 proportionate toll revenue broadly flat year on year, down 0.3% excluding FX but 8.1% lower on a reported basis due to currency movements.
• Fuel price spikes weighed on French light vehicle volumes, while traffic and toll revenue grew across the Chicago Skyway, Dulles Greenway and Germany’s Warnow Tunnel assets.
• Atlas Arteria (ASX:ALX) executed a new A$150 million three‑year corporate term loan to help fund a US$100 million Chicago Skyway settlement payment and replenish group cash reserves.

Atlas Arteria (ASX:ALX) said proportionate toll revenue for the three months to 30 June 2026 was broadly in line with the prior corresponding period, down 0.3% excluding foreign exchange impacts but 8.1% lower on a reported basis due to FX movements.

The company noted that higher fuel prices in April negatively affected light vehicle traffic in France, with APRR total vehicle kilometres travelled falling 3.9% year on year, while traffic increased 4.7% at Chicago Skyway and 5.3% at Dulles Greenway and rose 2.3% at Germany’s Warnow Tunnel.

“Despite fuel price volatility and events like the G7 Summit in Évian, our networks in the US and Germany continued to show positive traffic and revenue momentum,” said Atlas Arteria Chief Executive Officer Hugh Wehby.

APRR toll revenue declined 1.4% in euro terms even as CPI‑linked toll increases were implemented in February 2026.

A79 toll revenue rose 3.3% with flat overall traffic and stronger heavy vehicle volumes, ADELAC toll revenue fell 1.9% amid G7‑related disruptions and higher French fuel prices, and Warnow Tunnel toll revenue grew 5.4% on 2.3% higher traffic.

Atlas Arteria reported that Chicago Skyway toll revenue increased 6.2% on the back of 5.5% growth in light vehicle traffic, supported by roadworks on competing I‑94 and I‑80/94 routes scheduled to run through Q3 2026, while Dulles Greenway toll revenue rose 5.0% with traffic up 5.3% amid congestion on free alternatives.

The group said it has signed a new three‑year A$150 million corporate term loan facility, alongside an existing undrawn A$50 million working capital facility that was extended for three years in May 2026.

Atlas Arteria stated that proceeds from the new term loan will fund the second instalment of the US$100 million settlement payment to extinguish the Ontario Teachers’ Pension Plan put option over Chicago Skyway and will replenish cash used for the first instalment, while it continues to manage toll road portfolios in France, Germany and the United States;

At the time of reporting Atlas Arteria’s share price was AUD 5.21.