SMC Tollways Corp. said its net income grew by 3 percent to P4.9 billion in the first half of the year from P4.8 billion in the same period last year.
The tollway unit of San Miguel Corp. reported a total revenue of P11.06 billion in the January to June period, up 5 percent from P10.53 billion in the same period last year.
Traffic volume for the second quarter increased across all vehicular classes. SMC Skyway Corporation achieved an Average Daily Traffic (ADT) of 286,011, a 3 percent increase from 276,483 in 2024. Meanwhile, SMC Skyway Stage 3 Corporation achieved an ADT of 176,534, a 9 percent increase from 162,635 in 2024.
The company’s consolidated cost of services posted an increase of 2 percent mainly due to additional amortization of Skyway Extension and MMSS3, and recognition of depreciation expense on machinery and equipment acquired during the period, increase in government fees and higher repairs and maintenance.
SMC Tollways is currently constructing the TR4 project, 66.74-kilometer toll road will connect Sto. Tomas, Batangas to Lucena City, Quezon.
This 66.74-kilometer toll road will connect Sto. Tomas, Batangas to Lucena City, Quezon.
Upon completion in 2026, the P50 billion project aims to significantly reduce travel time between these two points, from 3 hours to just 45 minutes.
The toll road will be divided into six sections, including Sto Tomas, Batangas to Makban in Laguna (11.32 km); Makban to San Pablo City (12.75 km); San Pablo to Tiaong in Quezon (7.5 km); Tiaong to Candelaria (15 km); Candelaria to Tayabas (10.21 km); and Tayabas to Lucena (9.96 km).
