Atlas Arteria saw a 39.4% drop in full-year profit amid higher French tax
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The news: Toll operator Atlas Arteria posted a 39.4% drop in statutory net profit after tax to $181.8 million for the year ended 31 December 2025, driven by the Temporary Supplemental Tax (TST) in France.
The numbers: Net profit fell below analysts estimates of $363.7 million, according to Visible Alpha data.
Operating free cashflow fell 4% to $505.9 million, while proportional toll revenue saw a 9.4% increase to $2.01 billion. Earnings before interest and tax rose 9.4% to $1.50 billion.
The company declared a final dividend of 20 cents per share, in line with consensus estimates, bringing its total full-year dividend to 40 cents per share.
The context: CEO Hugh Wehby said the lower net profit was driven by a challenging political environment in France, which resulted in the extension of the TST for a further year during the period.
He said the growth in toll revenue was underpinned by consistent traffic performance across the portfolio alongside favourable foreign exchange rates.
The company forecast FY26 distribution guidance of 40 cents per share.
The source: ASX
