Transurban FY26 Corporate Report Financial statements
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B5
Revenue
2026
2025
$M
$M
Toll revenue
3,206
3,029
Construction revenue
229 460
668 256
Other revenue 1,2
Total revenue from operations 2
3,895
3,953
1. Includes $75 million (2025: $nil) of commercial receipts from third parties in connection with the Group's construction contracts. Other revenue for the comparative reporting period has been constrained by $140 million for roaming fees relating to the ConnectEast litigation. 2. Comparative amounts have been reclassified to present on a gross basis the revenue and the corresponding operating costs for some service recharge arrangements to align with current period presentation. The Group’s service concession arrangements are accounted for in accordance with AASB Interpretation 12 Service Concession Arrangements (AASB Interpretation 12) and can fall into two types of models, the intangible asset model and the financial asset model as discussed below. Service concession arrangements—intangible asset model The revenue streams covered by this model are toll revenue and construction revenue. Toll and construction revenue accounting policy The Group’s principal revenue generating activities are accounted for in accordance with AASB Interpretation 12 and AASB 15 Revenue from Contracts with Customers (AASB 15). These accounting pronouncements specify that operations and maintenance services and construction services provided under the Group’s service concession arrangements are two distinct types of services and separate performance obligations, which are provided in exchange for toll revenue and construction revenue, respectively.
Revenue type
Accounting policy
Toll revenue
The customer of operations and maintenance services is the user of the road. Each use made of the road by users is considered a satisfaction of the performance obligation. The related revenue is recognised at the point in time that the individual service is provided, the amount is probable of being collected by the Group and it is highly probable that a significant reversal of revenue will not occur. Total toll revenue is net of any revenue share arrangements that the Group has triggered during the reporting period. The customer of construction services is the concession grantor. Construction services are accounted for as one performance obligation, and revenue is recognised over time in line with the progress of construction services provided. The progress of construction is measured by reference to the value of construction activities undertaken. Revenue is measured by reference to the stand-alone selling price (SSP) of construction services promised to the customer.
Construction revenue
128
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