Transurban Group (TCL) AGM 2025 summary

Opening remarks and agenda

• Meetings for three entities were opened with acknowledgment of traditional owners and a focus on community engagement, including First Nations Driver Programs.

• Security holders were welcomed both in person and online, with voting and Q&A procedures outlined for all participants.

• Meetings scheduled for 8 October 2025 at 11:00 am AEDT, held at Melbourne Convention and Exhibition Centre and online.

Financial performance review

• Proportional toll revenue rose 5.6% to AUD 3.7 billion, with proportional operating EBITDA up 7.4%.

• Operating costs held flat at AUD 947 million, and free cash (excluding capital releases) increased by 7.6% to over AUD 2 billion.

• $2.02 billion in gross distributions to security holders.

• 2.5 million average daily trips, 2.2% increase in average daily traffic, and 11.3 million customers.

• North America contributed nearly 25% of revenue growth, with strong traffic growth across all markets.

Board and executive committee updates

• Peter Scott retired from the Board after significant contributions since 2016.

• Marina Go and Sarah Ryan stood for re-election as non-executive directors.

• Michael Wright was announced as a new non-executive director, joining in November and standing for election next year.

• Board includes Chair Craig Drummond, CEO Michelle Jablko, and several non-executive directors.