Metro Pacific Tollways Corp. (MPTC) grew its toll revenues by 8 percent to P19.6 billion in the first half, as newly opened road sections and stronger operations in Indonesia offset a soft domestic market where Philippine traffic slipped 1 percent.
The wider regional network-now spanning more than 1,100 kilometers of toll roads across the Philippines, Indonesia and Vietnam-pushed average daily vehicle entries up 1 percent to about 2.5 million.
Indonesia led the gains with 3-percent traffic growth to 1.67 million entries a day, while Philippine roads averaged 715,200 daily vehicle entries.
Revenue was buoyed by the opening of Cavitex C5 Link Segment 3B Phase 1 and Calax Subsection 3, which brought more of the company’s network into service.
In Indonesia, steady logistics activity, scheduled tariff adjustments and improved toll-road access amid ongoing road works also lifted performance.
MPTC, a subsidiary of Metro Pacific Investments Corp. (MPIC), said its share in the net earnings of equity investments in Indonesia further boosted core profit.
‘Our first-half results reflect a broader and still-expanding regional business. Traffic in the Philippines is only one part of the picture. New road openings, stronger Indonesian operations and our equity investments all contributed to the period’s performance,’ the company said.
The Indonesian contribution traces to MPTC’s late-2024 investment in PT Jasamarga Transjawa Tol (JTT), which manages a 676-kilometer network of 13 strategic toll roads across West Java, Central Java and East Java.
At home, MPTC spent P7.6 billion in capital expenditures during the first half, down 5 percent year-on-year as right-of-way and related construction issues affected completion schedules. Ongoing works include Nlex Segment 8.2 Section 1A from Mindanao Avenue to Quirino Highway, the remaining Calax subsections, the Cavitex-Calax Link Expressway, Cavitex C5 Link Segment 3B Phase 2, and the Nlex Connector.
The company said toll adjustments are implemented only after regulatory approval and are meant to fund the operation, maintenance and continued development of expressways under their concession agreements.
It added that it has extended toll relief worth more than P2 million a day to qualified public transport and freight operators under government transport-support programs.
‘Our priority remains the same: keep our roads safe and reliable, finish critical links as quickly as right-of-way and construction conditions allow, and deliver better mobility for motorists, commuters and businesses,’ MPTC said.