Atlas Arteria (ASX:ALX) has released its financial results for the year ended Dec. 31, 2025, headlined by an operational growth offset by legislative impacts.
The global toll road operator reported proportional toll revenue of $2.01 billion, representing a 9.4% increase compared to the previous year.
The revenue hike was driven by consistent traffic performance across its international portfolio, scheduled toll increases, and favourable movements in foreign exchange rates.
The company’s proportional EBITDA mirrored this positive trend, rising 9.3% to $1.51 billion, maintaining a strong EBITDA margin of 75%.
Despite the operational gains, statutory net profit after tax fell to $181.8 million, down significantly from the $300.2 million recorded in 2024.
Management attributed this decline primarily to the impact of the temporary supplemental tax in France.
Operating free cash flow per security dipped to 34.9 cents from 36.3 cents the prior year, also affected by the TST.
Atlas Arteria provided distribution guidance of 40 cents per security for both 2025 and 2026.
The company also appointed new CEOs at Dulles Greenway and Chicago Skyway and submitted a rate case application for Dulles Greenway in December 2025.
Development remains a priority, with the group actively pursuing growth projects in France via the A412 motorway.