2025 Corporate Report

Transurban Corporate Report FY25 Financial statements

Section B: Notes to the Group financial statements for the year ended 30 June 2025

B4 Segment information (continued) Segment information—proportional income statement

2025

North America

Corporate and other

$M

Melbourne Sydney Brisbane

Total 3,732

Toll revenue Other revenue

987

1,846

597

302

25

31

4

9

(6) (6)

63

Total proportional revenue Proportional operating EBITDA

1,012

1,877 1,448

601 453

311 221

3,795 2,848

845

(119)

Less: Non-recurring items¹

(143)

(29)

(172)

Proportional EBITDA (new presentation)

702

1,448

453

221

(148)

2,676

Other material items included in proportional EBITDA: Proportional road operating costs (excluding proportional major maintenance spend)

(56) (29)

(261)

(59) (30)

(32) (14)

1

(407) (129)

Proportional major maintenance spend

(56)

1. Relates to the ConnectEast litigation liability costs (for prior period roaming fees charged) and restructuring costs recognised during the period. Refer to Note B2 for further detail.

2024

North America

Corporate and other

$M

Melbourne Sydney Brisbane

Total 3,535

Toll revenue Other revenue

948

1,767

568

252

27

30

4

7

(5) (5)

63

Total proportional revenue

975 801 783

1,797 1,377 1,390

572 415 420

259 168 188

3,598 2,631 2,651

Proportional EBITDA (previously reported)¹ Proportional EBITDA (new presentation)¹

(130) (130)

Material items included in proportional EBITDA: Proportional road operating costs (excluding proportional major maintenance spend)

(51) (46)

(228)

(55) (35)

(32)

(6)

(372) (139)

Proportional major maintenance spend

(56)

(2)

1. In the comparative reporting period, there were no non-recurring items, therefore, proportional EBITDA equalled proportional operating EBITDA.

Reconciliation of segment information to statutory financial information The proportional results presented above are different from the statutory financial results of the Group due to the proportional presentation of each asset’s contribution to each geographical region and corporate and other. Segment revenue Revenue from external customers comprises toll and fee revenues earned on toll roads. Segment revenue reconciles to total statutory revenue as follows: 2025 2024 Note $M $M Total segment revenue (proportional) 3,795 3,598 Add: Revenue attributable to non-controlling interests 400 385 Construction revenue from road development activities 668 964 Intragroup elimination 1 157 157 (Less): Constrained revenue relating to legal proceedings 2 (140) — Proportional revenue of non-100% owned equity accounted assets (1,110) (985) Total statutory revenue B5 3,770 4,119

1. Statutory revenue recognised in relation to arrangements with the equity accounted investments that are eliminated for segment purposes. 2. Relates to the ConnectEast litigation that has been treated as a non-recurring item for segment reporting purposes. Refer to Note B2 for further details.

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