Transurban FY26 Corporate Report Business performance
Figure 16 – Group debt maturity profile ($ millions) 1,2
4,222
3,743
2,404
1,427 2,043
2,398
2,068
2,283 2,129
1,287
2,463
2,179
1,907
1,816
1,742 1,635
1,518
1,412
1,239
1,060
994 992
836
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— —
FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37- 41 FY42- 46 FY47+
Corporate
Non-Recourse
Figure 17 – Free Cash movement 3 Free Cash Flow growth of 5.1% to $2,111 from $2,008 in FY25
Proportional Operating EBITDA 4
Proportional net finance costs
Cash adjustments
EBITDA growth delivered additional Free Cash
Weighted average cost of AUD debt 4.8% 5
Other cash adjustments to Free Cash
INTEREST COSTS
• 2.2% increase in ADT • Opening of West Gate Tunnel, 495 Northern Extension and M7-M12 Interchange Project 3 • Increased 80 bps • Increase in toll revenue and operating expenses well managed
• $93m increase due to WGT opening, debt refinancing and new debt issuance (including Capital Releases) • $20m decrease driven by reduction in average cash on hand
TAX PAID • $4m increase in tax
ADT
paid driven by NWRG ($13m) offset by timing of installments from ED and US assets • $5m decrease in debt amortisation driven by higher debt funded major maintenance
INTEREST INCOME
EBITDA MARGIN
DEBT AMORTIS ATION
Decrease to FCF of $113m from FY25
Decrease to FCF of $1m from FY25
Increase to FCF of $ 215 m from FY25
$3,063 4
($897m)
($55m)
For more detail on how Free Cash is calculated, see Note B9 in the financial statements.
1 Debt exclusive of issued letters of credit. CAD, CHF, EUR, NOK, GBP and USD debt converted at the hedged rate where cross currency swaps are in place. USD debt is converted at the spot exchange rate (0.6877 at 30 June 2026) where no cross currency swaps are in place. CAD debt is converted at the spot exchange rate (0.9786 at 30 June 2026) where no cross currency swaps are in place 2 The full value of debt facilities is shown. Debt is shown in the financial year in which is matures 3 This chart presents non-IFRS measures 4 Proportional Operating EBITDA and Proportional Operating Costs exclude non-recurring items. Non-recurring items in FY26 included commercial receipts from third parties in connection with the Group’s construction contracts recognised of $47m. FY25 included non-recurring items include ConnectEast litigation liability costs recognised of $143m and restructure costs of $29m. 5 Calculated using AUD proportional drawn debt as at 30 June 2026, exclusive of letters of credit. Weighted average cost of AUD debt was 4.5% as at 30 June 2025
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