Transurban

Status Escalating

Founded 1996 with one road; now holds full or partial ownership of every major toll road in Sydney, Melbourne and Brisbane. A 75% EBITDA margin on a government-granted monopoly.

Last on record: 2026-04
Named in: 9 articles
Across: 2 cases

On the DrainA$2.676bn EBITDA · FY25to shareholdersSee the map →

Named in 9 articles across 2 cases 19 connections: companies 12, lobbies 1, mechanisms 2, regulators and bodies 2, people 2

Sourced flow out of public hands, EBITDA · FY25

A$2.676bn

Flowing to shareholders. Transurban reported proportional EBITDA of A$2.676 billion for FY25. [1].

Corporate income tax paid · 2023-24

A$0

No income tax payable through the group's head company for the year. ATO Corporate Tax Transparency 2023-24.

on total income of A$3.25bn

Articles naming it

Cases it recurs across

Linked in the graph

Figures on file

Fig. 01 / Where this name appears

The Roads Rort75.1%EBITDA margin reported by Transurban for the year to June 2025: the margin of a monopoly infrastructure company collecting inflation-linked fees fr…8 articles →The Inflation Rort11 article →

Fig. 01Source: article scan · every article naming itAs of 2026‑04Auto-assembled

Fig. 02 / On the record

75.1%EBITDA margin reported by Transurban for the year to June 2025: the margin of a monopoly infrastructure company collecting inflation-linked fees from captive users with no alternativeSource: Transurban FY25 ASX releaseThe toll →
A$2.676 billionTransurban FY25 reported proportional EBITDA, after one-off ConnectEast litigation and restructure costs. Operating EBITDA was A$2.848 billion, a 75.1% margin on total proportional revenue of A$3.795 billion (toll revenue A$3.732 billion). Market cap A$43.46 billion at 30 June 2025. 2.5 million average daily trips. Weighted average concession length: 27.9 years in FY25 (Morningstar puts it at around 28 years).Source: Transurban FY25 ASX release / FY25 Corporate Report [25] / MorningstarTransurban: the monopoly →
34 cents backA 2018 analysis put the first WestConnex sale at ‘a financial return of 34 cents for every dollar spent’ [18]. It now funds part of a weekly toll cap on roads it built, with Transurban and its partners contributing for five years [26]. The structural solution is concession redesign, not ongoing subsidisation.Source: The Conversation (2018) / NSW toll relief programWhat would fix it →

Fig. 02Source: figures on file for this name, each tied to the article it came fromAs of 2026‑04Auto-assembled

How we know

The sources of the 9 articles that name Transurban, by the tier the desk declared. A source supports its article, not necessarily a claim about Transurban.

Evidence strength · 123 sources across 9 articles

Primary 53
Official 13
Masthead 16
Trade 15
Aggregator 7
Unusable 1
18 not yet graded

Primary: the document itself: legislation, a court record, a filing, a regulator’s own publication
Official: the organisation’s own statement about itself
Masthead: a news organisation with a corrections policy, reporting the primary document
Trade: specialist or trade press
Aggregator: republishes others’ work
Unusable: its own sourcing cannot be established

How sources are graded

7 of 9 articles are graded on every headline finding. How findings are graded

Fig. 03 / Named together

The 12 names most often in the same articles as Transurban. A line's weight, and the number by each name, is how many articles name both. Grey chords join the neighbours most often named together themselves (two articles or more). Circles are people and organisations, squares are mechanisms. Named together is all this shows: it is not a finding about what the relationship is.

Fig. 03Source: article scan · articles naming bothAs of 2026‑04Auto-assembled