NLEX Corp. said over the weekend net income rose 33 percent in the first quarter of 2025 driven by higher traffic and implementation of catch-up and add-on toll adjustments.
The company said net income amounted to P3.55 billon in the January to March period, up from P2.67 billion in the sam period last year.
NLEX’s toll revenues reached P6.98 billion, higher by 16 percent from P6 billion posted during the first quarter of 2024 because of higher traffic volume and impact of toll rate adjustments implemented in March 2025 in NLEX and October 2024 in SCTEX.
NLEX Connector Section 2 also started to contribute to the company’s toll revenues in October 2024.
Average daily traffic for the NLEX reached 354,378 daily vehicle entries as of end-March, higher than 2024 figures by 2 percent, while average daily traffic in SCTEX reached 82,514 daily vehicle entries or 1 percent higher than last year’s figures covering the same three-month period.
LEX Connector traffic reached 20,698 daily entries for the first quarter of 2025.
The company’s total cost of services as of the first quarter of 2025 amounted to P2.32 billion, higher by 8 percent from P2.14 billion recorded during the same period last year.
The NLEX currently spans approximately 105 kilometers or 598 lane-kms, and services an average of 350,599 vehicles per day as of end-2024.
The NLEX is the main infrastructure backbone that connects Metro Manila to central and northern Luzon. NLEX Corp. has operated the NLEX since February 2005 after completing the rehabilitation of the toll road under Phase I of the NLEX Concession.
The SCTEX , on the other hand, is a 91-km or 362 lane-kms, stretching from Subic-Tipo until La Paz, Tarlac, connecting the special economic zones in Subic and Clark, Olongapo City, to Tarlac City
It was completed by the Bases Conversion and Development Authority in 2008 using Official Development Assistance financing from the Japan Bank of International Cooperation.
