ASX release
8 October 2025
September quarter 2025 update1
Group ADT | Sydney ADT | Melbourne ADT | Brisbane ADT | NA ADT |
2.7% vs Q1 FY25 | 1.7% vs Q1 FY25 | 3.2% vs Q1 FY25 | 2.6% vs Q1 FY25 | 6.8% vs Q1 FY25 |
Transurban today released its September quarter 2025 traffic update. Average Daily Traffic (ADT) across the Group increased by 2.7%, averaging 2.6 million trips per day. The result was supported by growth across all markets.
ADT in Sydney increased 1.7%, supported by growth on WestConnex (+8.2%), NorthConnex (+2.8%) and M5 West (+0.8%) despite triple the rainfall of the prior corresponding period, reducing ADT growth by approximately 1%. CBD assets have continued to be adversely impacted by the re-distribution of traffic and construction, however, grew in September (+0.4%) for the first time since April 2024. Heavy vehicle volumes declined (-2.2%) in part due to adverse weather, however, on an underlying basis are estimated to be broadly in line with the prior corresponding period.
Melbourne ADT grew by 3.2%, largely driven by growth in Western Link traffic (+4.7%) and easing construction impacts across the network experienced in 1Q25. The uplift in Western Link volumes was attributed to a 4.7% increase in airport related traffic, consistent with Melbourne Airport passenger growth of 4.3% year-on-year2. Large vehicle volumes grew 5.4%, driven by strong container volume growth (+8.2%) in August at Port of Melbourne3.
Brisbane recorded 2.6% ADT growth, underpinned by strong growth on the Logan Motorway (+3.2%) and AirportlinkM7 (+3.0%), and a 5.2% increase in Large Vehicle volumes.
North America ADT was strong, increasing 6.8% and supported by growth across all assets. Workday traffic was up 7.5% and weekend/public holiday traffic up 4.2%. Transurban continues to assess shifts in remote work practices and related policy movements in the US.
1 All % changes shown throughout are in relation to the respective prior corresponding period unless otherwise noted.
2 Melbourneairport.com.au - Melbourne Airport leading the way on accessibility ahead of busy school holidays.
3 Port of Melbourne - monthly trade reports. August 2025 quarter to date.
Key regional updates SydneyADT increased by 1.7% to 1,045k trips
Average workday traffic increased by 1.7% and average weekend/public holiday traffic increased by 1.9%
Car traffic increased by 2.1% and large vehicle traffic decreased by 2.2%
MelbourneADT increased by 3.2% to 840k transactions
Average workday traffic increased by 3.0% and average weekend/public holiday traffic increased by 4.0%
Car traffic increased by 2.6% and large vehicle traffic increased by 5.4%
BrisbaneADT increased by 2.6% to 493k trips
Average workday traffic increased by 2.4% and average weekend/public holiday traffic increased by 3.6%
Car traffic increased by 1.8% and large vehicle traffic increased by 5.2%
North AmericaADT increased by 6.8% to 177k trips
Average dynamic toll price for the quarter increased by 17.0% to US$13.18 on the 95 Express Lanes, and increased by 8.8% to US$8.21 on the 495 Express Lanes
Rolling 12-month peak direction traffic of 2,872 vehicles per hour on the A25
Transurban is holding its annual general meetings (AGM) at 11:00am (AEDT).
FY26 distribution guidance4Transurban reaffirms that the FY26 distribution is expected to be 69.0 cps, representing approximately 6% growth on FY25.
ENDInvestor enquiries Craig Stafford, CFA General Manager Strategy and Investor Relations +61 401 109 842 | Media enquiries James Richards Corporate Media Manager +61 459 812 770 |
This announcement is authorised by the CEO of Transurban Group, Michelle Jablko.
4 Transurban reaffirms the guidance previously provided as part of the FY25 Results Presentation, 20 August 2025. Distribution guidance is subject to traffic performance and macroeconomic factors. Any distribution will ultimately be determined by the Transurban Board.
Appendix 1
Traffic by asset and market - September quarter average daily trips ('000)ASSET | OWNERSHIP (%) | SEP 25 QUARTER | SEP 24 QUARTER | CHANGE VS SEP 24 (%) | LARGE VEHICLE TRAFFIC (%) |
Hills M2 | 100 | 131 | 132 | (0.5) | 8.4 |
M5 West Motorway | 100 | 174 | 173 | 0.8 | 6.2 |
Lane Cove Tunnel/MRE | 100 | 74 | 76 | (2.7) | 4.5 |
Cross City Tunnel | 100 | 37 | 38 | (3.7) | 2.4 |
M1 Eastern Distributor | 75.1 | 47 | 51 | (6.2) | 3.3 |
Westlink M75 | 50 | 191 | 194 | (1.9) | 13.7 |
NorthConnex | 50 | 44 | 42 | 2.8 | 16.5 |
WestConnex6 | 50 | 347 | 321 | 8.2 | 6.5 |
SYDNEY | 1,045 | 1,027 | 1.7 | ||
CityLink7 | 100 | 840 | 813 | 3.2 | 22.7 |
MELBOURNE | 840 | 813 | 3.2 | ||
Gateway Motorway | 62.5 | 133 | 131 | 2.2 | 23.2 |
Logan Motorway | 62.5 | 220 | 213 | 3.2 | 28.9 |
AirportlinkM7 | 62.5 | 70 | 68 | 3.0 | 19.1 |
Clem7 | 62.5 | 35 | 33 | 4.4 | 21.0 |
Legacy Way | 62.5 | 26 | 26 | 2.5 | 22.0 |
Go Between Bridge | 62.5 | 9 | 10 | (10.2) | 12.9 |
BRISBANE | 493 | 480 | 2.6 | ||
95 Express Lanes8 | 50 | 75 | 68 | 8.9 | 1.9 |
495 Express Lanes | 50 | 46 | 45 | 4.4 | 3.4 |
A25 | 50 | 56 | 53 | 6.2 | 10.3 |
NORTH AMERICA | 177 | 166 | 6.8 | ||
GROUP | 2,555 | 2,487 | 2.7 |
5 Average tolled trip length was 12.1 kilometres for the September 2025 quarter on Westlink M7.
6 Average tolled trip length was 9.8 kilometres for the September 2025 quarter on WestConnex.
7 CityLink traffic reported as average daily transactions ('000).
8 95 Express Lanes concession includes the 395 Express Lanes which opened in November 2019.