NLEX Corp. said its net income grew by 31 percent in the first half of 2025 to P7.3 billion, up from P5.5 billion during the same period last year.
The company, which operates the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX), attributed the increase to higher traffic volumes and toll adjustments.
Toll revenues climbed 19 percent to P14.6 billion for the first half of 2025.
“This was mainly due to an increase in average vehicular traffic volume and toll rate adjustments implemented in March 2025 on NLEX,” the company said.
The NLEX Connector also showed an “upward traffic trend, aided by ongoing promotional initiatives encouraging road usage.”
As of June 30, average daily traffic for NLEX reached 356,392 daily vehicle entries, a 1 percent increase from 2024 figures.
Average daily traffic on SCTEX reached 84,081 daily vehicle entries, a 3 percent increase from the same period last year. The NLEX Connector recorded an average of 20,467 daily vehicle entries in the first half of 2025.
The largest expense item was the revenue share paid to government partners, followed by amortization.
The revenue share of the Bases Conversion and Development Authority (BCDA) was P1.3 billion, which represents 50 percent of the toll revenues from SCTEX. The Philippine National Construction Corp. (PNCC) fee, the government’s share of NLEX revenues, also increased 18 percent.
The PNCC fee is distributed with 90 percent going to the national government and 10 percent to PNCC. Repairs and maintenance costs declined 12 percent compared to the same period last year, primarily due to having sufficient spare parts for fixed operating equipment.
The NLEX, which serves as the main infrastructure backbone connecting Metro Manila to central and northern Luzon, spans approximately 105 kilometers (598 lane-kilometers) and serviced an average of 350,599 vehicles per day at the end of 2024.
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 is a 91-kilometer (362 lane-kilometer) expressway that stretches from Subic-Tipo to La Paz, Tarlac. It connects the special economic zones in Subic and Clark, Olongapo City, to Tarlac City. The BCDA completed the SCTEX in 2008 using official development assistance financing from the Japan Bank of International Cooperation.
