Transurban Corporate Report FY25 Business performance
Free Cash movement 1,2
Increase in Free Cash to $2,008m, +7.6% on FY24 of $1,867m
Proportional Operating EBITDA 3
Proportional net finance costs
Cash adjustments
EBITDA growth delivered additional Free Cash
Weighted average cost of AUD debt unchanged at 4.5% 4
Other cash adjustments to Free Cash
ADT
INTEREST COSTS
TAX PAID
• 2.2% increase in ADT • Annualisation of Fredericksburg Extension and Rozelle Interchange • Increased from 73.7% to 75.1% • Proportional Operating Costs unchanged from FY24, generating additional operating leverage
• $35m increase due to additional debt funding including Capital Releases
• $16m increased in tax paid by NWRG ($19m)
EBITDA MARGIN
INTEREST INCOME
DEBT AMT
• $9m decrease in interest income
• Commencement of CCT debt amortisation ($13m)
driven by reduction on average cash on hand during the year
$2,848m 3 Increase to FCF of $197m from FY24
Decrease to FCF of $44m from FY24
Decrease to FCF of $12m from FY24
($784m)
($56m)
3,4
CityLink, Melbourne
1 Free Cash movement has been determined using the FY24 restated Free Cash as the starting point. Refer to FY24 Investor presentation, slide 29. Free Cash calculation is based on Proportional EBITDA, excluding non-recurring items 2 This chart presents non-IFRS measures 3 Proportional Operating EBITDA and Proportional Operating Costs exclude non-recurring items. In FY25 this includes ConnectEast litigation liability costs recognised of $143m (see note B2 for further information) and restructure costs of $29m. FY24 nil 4 Calculated using AUD proportional drawn debt as at 30 June 2025, exclusive of letters of credit. Weighted average cost of AUD debt was 4.5% as at FY25
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