Transurban Q1 Traffic Rises 3.1% on Sydney, Melbourne Growth; Shares Up 3%

Transurban Group (TCL.AX) reported a 3.1% year-on-year increase in average daily traffic across its markets in the first quarter of fiscal 2027, led by growth in Sydney, Melbourne and North America. Shares closed up 3.01% at A$14.05 on Wednesday. Sydney ADT rose 3.0% to 1.077 million trips, driven by a 10.7% gain on the M7 after the M7-M12 Integration Project opened and a 2.2% increase on WestConnex. Melbourne ADT grew 4.2% to 875,000 transactions, aided by the West Gate Tunnel Project, which opened in December 2025; excluding it, CityLink traffic was broadly flat. Brisbane ADT rose 1.1% to 498,000 trips on 3.6% growth in large-vehicle traffic. North America ADT climbed 4.7% to 127,000 trips, driven by 17.3% growth on the 495 Express Lanes. Group ADT excluding the West Gate Tunnel Project rose 1.6%. Average dynamic toll prices increased 20% to US$15.82 on the 95 Express Lanes and 47.4% to US$12.36 on the 495 Express Lanes.