Atlas Arteria (ALX) Q2 2026 TU earnings summary

Executive summary

• Proportionate toll revenue for Q2 2026 was broadly flat year-over-year, down 0.3% excluding FX, but 8.1% lower on a reported basis due to adverse foreign exchange movements.

• Higher fuel prices negatively impacted light vehicle traffic in France, while US and Germany saw positive traffic growth.

• New A$150 million three-year corporate term loan facility executed to fund US$100 million settlement payment and replenish cash reserves.

Financial highlights

• APRR Q2 2026 toll revenue down 1.4% year-over-year to €754.0 million; H1 2026 revenue down 0.2% to €1,461.2 million.

• Chicago Skyway Q2 2026 toll revenue up 6.2% year-over-year to $38.42 million; Dulles Greenway up 5.0% to $22.77 million.

• Proportionate toll revenue change excluding FX was -0.3% for Q2 2026 and +0.6% for H1 2026.

Outlook and guidance

• Fuel prices, especially in France and the US, remain a key risk but have moderated from April peaks.

• Roadworks in Chicago and Germany expected to complete in Q3 2026, with further works scheduled for 2027.