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Global toll road operator Atlas Arteria (ASX:ALX) has posted a +6% jump in weighted average toll revenue for Q1 CY2025, with that rise on a lower base vs pcp – thanks to a wind-down of French farmer protests in late 2024.
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Those protests followed a familiar pattern in recent history: with heavy farm machinery in tow, tractors and the like took to major city centres in a show of force against the government.
In turn, roads were clogged and deliberately bottlenecked. Long story short, fewer people are using toll roads. Bad news for Atlas.
But with the French agriculturalists currently sated – probably not for long – Atlas is now looking at a healthier revenue number compared to Q1CY2024.
It doesn’t hurt, either, that the company raised toll prices at the same time. Still, toll revenue on the A79 in France jumped a whopping 15.7%.
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In terms of actual traffic flow, that increased by 11.7%, with light vehicles accounting for the lion’s share of flow through.
ALX last traded at $4.88 before the bell on Wednesday.
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