Atlas Arteria Ltd
ALX: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &.< | LOCK|pF><t | LOCK|JNr$SY |
Atlas Earnings: French Tax Weighs on Solid Operating Performance; Valuation Down on Strong AUD
Atlas Arteria's 2025 adjusted EBITDA increased 7% to AUD 1.45 billion, driven by modest toll uplifts and traffic volume growth. Operating free cash fell 4% to AUD 34.9 cents per security because of a temporary additional French tax, while distributions were held flat at AUD 40 cents per security.
