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Highlights
- Q1 toll revenue up 6.1% driven by key assets
- Traffic volumes increased across most networks
- New CEO appointed for the Chicago Skyway
Atlas Arteria (ASX:ALX) has delivered a solid performance for the first quarter of 2025, showcasing both higher traffic volumes and stronger toll revenues across its international network of toll roads.
The company reported a 1.6% increase in overall traffic volume, with average daily traffic growing steadily across its major infrastructure assets. The positive traffic trends were supported by easing mobility restrictions in some regions and ongoing resilience in commuter and freight transport demand.
What truly stood out, however, was the 6.1% jump in average toll revenue compared to the same period last year. This increase was largely powered by toll escalations and robust performance from three key assets — the A79 in France, the Warnow Tunnel in Germany, and the Dulles Greenway in the United States. These toll increases reflect both contractual inflation-linked adjustments and periodic rate reviews that helped boost top-line revenue.
Among the most noteworthy developments was the strong revenue contribution from the A79 motorway in France. This newer asset continues to ramp up well, with its traffic and revenue growth exceeding initial projections. Similarly, the Warnow Tunnel benefited from both seasonal demand recovery and scheduled tariff increases, contributing to the group's positive momentum.
The Dulles Greenway in Virginia, which has long been part of Atlas Arteria’s U.S. portfolio, also played a crucial role in enhancing group revenue during the quarter. Despite broader challenges in the U.S. toll road sector, the Greenway has maintained a stable performance trend.
In a strategic move to strengthen its North American operations, Atlas Arteria announced the appointment of Luis Tejerina as the new Chief Executive Officer of the Chicago Skyway. His leadership is set to commence in May 2025. The appointment comes at a time when the company continues to focus on optimising its U.S. toll assets and exploring operational efficiencies.
The first-quarter results reinforce Atlas Arteria’s (ALX) ability to generate stable, inflation-protected revenue from its global asset base. The combination of positive traffic trends, embedded toll escalation mechanisms, and targeted executive leadership positions the business well for continued growth in the remainder of the financial year.
As infrastructure plays remain attractive for long-term investors seeking steady income and inflation resilience, companies like Atlas Arteria (ALX) are drawing attention with their consistent operational delivery.
