DOSSIER / ACTORCOMPANY · TOLL ROADS
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
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. FY25 proportional toll revenue was A$3.732 billion and EBITDA A$2.676 billion, a 75.1 per cent margin.
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
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 EBITDA on A$3.73 billion proportional toll revenue: 75.1% margin. Market cap A$30.9 billion. 2.5 million average daily trips. Concession life weighted average: approximately 25 years remaining.Source: Transurban FY25 ASX release / MorningstarTransurban: the monopoly →
Fig. 02Source: figures on file for this name, each tied to the article it came fromAs of 2026‑04Auto-assembled
Fig. 03 / Named together
Fig. 03Source: article scan · articles naming bothAs of 2026‑04Auto-assembled
02 / Connected in the graph
Companies 12
Sydney AirportCOMPANY · INFRASTRUCTURE · 4ChevronCOMPANY · GAS · 2ColesCOMPANY · SUPERMARKETS · 2QantasCOMPANY · AVIATION · 1SantosCOMPANY · GAS · 1WoodsideCOMPANY · GAS · 1INPEXCOMPANY · GAS · 1WoolworthsCOMPANY · SUPERMARKETS · 1News CorpCOMPANY · MEDIA · 1NineCOMPANY · MEDIA · 1Seven West MediaCOMPANY · MEDIA · 1MetaACTOR · PLATFORM · 1Lobbies 1
Australian Banking AssociationLOBBY · BANKING INDUSTRY GROUP · 1Mechanisms 2
The Revolving DoorMECHANISM · 2The PRRTMECHANISM · TAX · 1Regulators & bodies 2
The ACCCFEDERAL REGULATOR · 5The RBAFEDERAL REGULATOR · 1People 2
Anthony AlbanesePERSON · POLITICIAN · 1Jim ChalmersPERSON · TREASURER · 103 / The evidence chain
The Roads Rort
01The tollTHE ROADS RORT · 02The modelTHE ROADS RORT · 03Transurban: the monopolyTHE ROADS RORT · 04The fuel price cycleTHE ROADS RORT · 05The political connectionsTHE ROADS RORT · 06Who owns the roadsTHE ROADS RORT · 07What the media coveredTHE ROADS RORT · 08What would fix itTHE ROADS RORT · The Inflation Rort
07The political connectionsTHE INFLATION RORT ·