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Transurban Group
(Sydney:TCL)
Transurban Group (TCL) vs. iShares MSCI Australia ETF (EWA)
Transurban Group Business Overview & Revenue Model
Transurban Group Earnings Call Summary
Transurban Group Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.80B | 3.77B | 4.12B | 4.16B | 3.41B | 2.89B |
| Gross Profit | 1.62B | 2.56B | 1.28B | 1.17B | 730.00M | 658.00M |
| EBITDA | 2.13B | 2.17B | 2.24B | 2.22B | 1.65B | 1.59B |
| Net Income | 133.00M | 133.00M | 326.00M | 64.00M | 19.00M | -423.00M |
Balance Sheet | ||||||
| Total Assets | 35.57B | 35.57B | 36.69B | 37.72B | 38.97B | 35.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.73B | 1.73B | 2.04B | 2.08B | 2.02B | 4.29B |
| Total Debt | 21.07B | 21.07B | 19.95B | 18.70B | 17.77B | 17.97B |
| Total Liabilities | 26.05B | 26.05B | 25.02B | 24.44B | 23.74B | 24.54B |
| Stockholders Equity | 9.17B | 9.17B | 11.04B | 12.57B | 14.42B | 10.34B |
Cash Flow | ||||||
| Free Cash Flow | 1.79B | 608.00M | 515.00M | 560.00M | 861.00M | 294.00M |
| Operating Cash Flow | 1.93B | 1.51B | 1.63B | 1.74B | 1.47B | 1.34B |
| Investing Cash Flow | -755.00M | -126.00M | -760.00M | -943.00M | -6.42B | 1.22B |
| Financing Cash Flow | -1.70B | -1.70B | -911.00M | -739.00M | 2.65B | -576.00M |
Transurban Group Technical Analysis
Transurban Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$31.30B | 23.85 | 26.28% | 2.71% | 3.11% | 12.79% | |
64 Neutral | $7.01B | 29.89 | 3.78% | 8.26% | 9.78% | 0.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | €7.64B | 67.50 | 3.82% | 2.09% | 28.47% | -50.19% | |
60 Neutral | $6.28B | 21.19 | 7.03% | 4.40% | 3.01% | -23.84% | |
55 Neutral | €19.25B | 36.81 | 11.42% | 1.37% | 1.19% | 1.09% | |
52 Neutral | $46.69B | 350.23 | 1.24% | 4.35% | -4.30% | -59.47% |
Transurban Group Corporate Events
Transurban Group has announced the quotation of 7,687 fully paid ordinary units stapled securities on the Australian Securities Exchange (ASX). This move is part of the company’s ongoing efforts to enhance its financial structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with the company’s growth trajectory.
Transurban Group has announced the results of its USD Bond Tender Offer, confirming that US$259.68 million of its 3.375% Guaranteed Senior Secured Notes due 2027 were tendered by the early deadline. The company plans to accept up to US$118.5 million of these notes for purchase, having reached the increased maximum acceptance amount. This move is part of Transurban’s strategic financial management, potentially impacting its debt structure and financial flexibility.
Transurban Group has announced the issuance of 101,080 fully paid ordinary units stapled securities, which will be quoted on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, indicating the company’s efforts to align employee interests with shareholder value and enhance operational efficiency.
Transurban Group has announced a new dividend distribution for its fully paid ordinary units stapled securities, with a distribution amount of AUD 0.34 per security. The dividend is related to a six-month period ending on December 31, 2025, with the record date set for December 31, 2025, and payment scheduled for February 24, 2026. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may positively impact its market positioning by reinforcing investor confidence.
Transurban Group announced an interim distribution of 34.0 cents per stapled security for the six months ending 31 December 2025, with the distribution paid from Transurban Holding Trust and its controlled entities. The company reaffirmed its FY26 distribution guidance of 69.0 cps, highlighting its commitment to providing returns to stakeholders. The Distribution Reinvestment Plan will be available for this distribution period, with no discount applied to the price of stapled securities issued under the plan. This announcement reflects Transurban’s ongoing strategy to maintain shareholder value and indicates stability in its financial operations.
Transurban Group has successfully settled its Euro Bond Tender Offers, purchasing and cancelling significant portions of its €500 million 2028 Notes and €750 million 2030 Notes. This financial maneuver reduces the company’s outstanding debt, potentially strengthening its financial position and enhancing its strategic flexibility in the infrastructure sector.
Transurban Group has successfully closed a €500 million issuance of senior secured 12-year notes in the Eurobond market through its subsidiary, Transurban Finance Company Pty Ltd. This strategic financial move under its Euro Medium Term Note Programme is expected to strengthen Transurban’s financial position and enhance its ability to invest in infrastructure projects, potentially impacting its market positioning and offering benefits to its stakeholders.
Transurban Group has announced the final results of its Euro Bond Tender Offers, involving the tendering of €500 million 1.75% Fixed Rate Notes due 2028 and €750 million 3.00% Fixed Rate Notes due 2030. The acceptance amounts are approximately €259 million for the 2028 Notes and €150 million for the 2030 Notes, with a pro-ration factor of 57.6389% for the latter. The settlement is expected on 27 November 2025, contingent on a new Euro bond issuance. This strategic financial move is expected to optimize Transurban’s debt structure and potentially enhance its market positioning.
Transurban Group has announced the indicative results of its Euro Bond Tender Offers, which involved the purchase of €500 million 1.75% Fixed Rate Notes due 2028 and €750 million 3.00% Fixed Rate Notes due 2030. The company plans to accept approximately €259 million of the 2028 Notes and €150 million of the 2030 Notes, with a pro-ration factor of 57.6389% for the latter. This move is part of Transurban’s strategic financial management, potentially impacting its financial stability and investor relations.
Transurban Group has announced an update to its Euro Medium Term Note Programme through its financing vehicle, Transurban Finance Company Pty Ltd. This update involves a supplement to the Offering Circular lodged with the Singapore Exchange, which could enhance the company’s financial flexibility and market positioning. The announcement may have implications for investors and stakeholders as it reflects Transurban’s strategic financial management and potential for growth in international markets.
Transurban Group has announced a tender offer through its financing vehicle, Transurban Finance Company Pty Ltd, for its US$550 million 3.375% Guaranteed Senior Secured Notes due 2027. Additionally, the company has initiated concurrent tender offers for two series of Euro Notes under its Euro Medium Term Note Programme. These tender offers are part of Transurban’s strategy to extend its debt maturity profile, conditional on a new issuance in the Eurobond market, which could enhance the company’s financial stability and market positioning.
Transurban Group has announced the launch of Euro Bond Tender Offers through its financing vehicle, Transurban Finance Company Pty Ltd. This initiative involves tender offers for €500 million and €750 million fixed rate notes due in 2028 and 2030, respectively. The tender offers are part of a strategy to extend the company’s debt maturity profile, contingent upon a new Eurobond market issuance. This move is expected to strengthen Transurban’s financial positioning and enhance its operational flexibility in the infrastructure sector.
Transurban Group announced the cessation of 8,000 unquoted performance awards due to unmet conditions as of October 31, 2025. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic decisions.
Transurban Group has announced the issuance of 1,101,045 unquoted performance awards as part of an employee incentive scheme. This move is likely to impact the company’s operational strategies by aligning employee interests with corporate performance, potentially enhancing productivity and stakeholder value.
Transurban Group has announced a change in the director’s interest, specifically regarding Michelle Jablko, who has been granted 217,816 Performance Awards under the company’s Long Term Incentive Plan. This grant, approved by security holders, is part of her remuneration package for the 2026 financial year, and it reflects the company’s commitment to aligning executive incentives with long-term performance goals. The awards are contingent upon meeting specific performance and vesting conditions over a four-year period, indicating a strategic focus on sustained growth and value creation for stakeholders.
Transurban Group has announced a change in the director’s interest, specifically regarding Michelle Jablko, who has been granted 76,237 Deferred Short Term Incentive (STI) Securities under the company’s Deferred Short Term Incentive Plan. This change reflects the company’s ongoing commitment to aligning executive compensation with performance outcomes, potentially impacting stakeholder perceptions and reinforcing the company’s strategic focus on long-term value creation.
Transurban Group has announced the quotation of 495,711 fully paid ordinary units stapled securities on the Australian Securities Exchange (ASX). This move is part of an employee incentive scheme, which is expected to enhance employee engagement and align their interests with the company’s growth objectives, potentially impacting the company’s operational efficiency and market positioning positively.
Transurban Group held its 2025 Annual General Meetings, where all proposed resolutions were successfully passed. Key outcomes included the re-election of directors Marina Go and Sarah Ryan, the adoption of the Remuneration Report, and the approval of deferred securities and performance awards for CEO Michelle Jablko. These decisions reflect strong shareholder support and are expected to reinforce the company’s leadership and strategic direction.
Transurban Group’s 2025 Annual General Meetings were held, chaired by Craig Drummond, with a focus on engaging with security holders both in person and online. The meetings highlighted the company’s commitment to incorporating First Nations perspectives in its operations and provided updates on its activities, while also facilitating real-time voting and questions from stakeholders.
Transurban Group reported a 2.7% increase in Average Daily Traffic (ADT) for the September quarter of 2025, with 2.6 million trips per day across its operations. The growth was driven by increases in all markets, notably a 6.8% rise in North America and significant improvements in Melbourne and Brisbane. The company noted that despite adverse weather impacting heavy vehicle volumes in Sydney, there was still positive growth in traffic. The announcement underscores Transurban’s strong market position and its ability to adapt to changing conditions, which is crucial for stakeholders as the company navigates shifts in remote work practices and policy changes in the US.
Transurban Group has announced that WestConnex Finance Company Pty Limited, its financing arm for WestConnex, has successfully secured A$1,205 million in debt through a syndicated bank facility. This new facility, which will be used to repay existing debt, is set to mature in March 2027 and will rank equally with WestConnex’s existing senior debt. Transurban holds a 50% interest in WestConnex, and this financial move is expected to strengthen its operational stability and market position.
Transurban Group has successfully completed a US$550 million issuance of senior secured 10.5-year notes in the 144A / Reg S market. This financial move is expected to strengthen Transurban’s financial position, enabling further investment in infrastructure projects and potentially enhancing its market standing in the transportation sector.
Transurban Group announced that its financing vehicle, Transurban Queensland Finance Pty Limited, has successfully raised A$485 million through a 10-year debt facility from an Asian term loan. This funding will be utilized to repay existing debt and cover transaction costs, reinforcing Transurban’s financial stability and strategic positioning in the infrastructure sector.
Transurban Group has announced the pricing of US$550 million in senior secured 10.5-year notes through its financing vehicle, Transurban Finance Company Pty Ltd, in the 144A / Reg S market. The proceeds from this issuance will be used to refinance maturing debt, with the notes expected to settle on September 24, 2025, and mature in March 2036. This strategic financial move is aimed at maintaining the company’s robust debt management strategy, ensuring continued stability and operational efficiency.
Transurban Group has announced the details of its 2025 Annual General Meetings for shareholders and unitholders, scheduled for October 8, 2025. The meetings will be held in a hybrid format, allowing both in-person and online participation, which reflects the company’s commitment to accessibility and stakeholder engagement.