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.
Estimated flow offshore, each year
≈A$2.7bn/yr
Flowing to shareholders. FY25 EBITDA A$2.676bn on a 75% toll-road margin.
vs
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.