Energy Industrials

Transurban Group (ASX:TCL) Reports Half-Year Financial Results

ClubAI 9:03 am

Financial Performance

Transurban Group reported a 13.7% decrease in revenue to $1,833 million for the half-year ended December 31, 2024. The loss after tax from ordinary activities decreased by 106.5% to ($15) million, with losses attributable to security holders dropping by 123.3% to ($47) million. Proportional EBITDA saw a slight decline of 1.4% to $1,309 million, while proportional operating EBITDA increased by 9.4% to $1,452 million. Free cash flow improved by 10.1% to $1,060 million.

Operational Highlights

The Group achieved significant progress on key infrastructure projects. In Melbourne, the West Gate Tunnel Project advanced with 18 kilometres of new lanes open and over 90% of the eastern section completed. Sydney’s M7-M12 integration project is on track for a 2026 opening, adding 26 kilometres of lanes and connecting to the new Western Sydney International Airport. In North America, the extension of the 495 Express Lanes is expected to open by late 2025, and discussions continue for bi-directional travel on the 95 Express Lanes. Additionally, plans are underway in Queensland to widen the Logan Motorway, aiming to reduce congestion and improve road safety.

Dividends

An interim dividend of 32.0 cents per stapled security has been declared for the six months ended December 31, 2024, supported by the increase in free cash flow. The dividend is payable on February 25, 2025.

View Original Announcement

here

Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.