SMC SLEX Inc. said Monday its net income grew 21 percent in the first quarter of 2025 from a year ago, on the back of higher vehicle traffic.
The operator of South Luzon Expressway (SLEX) said it posted a net income of P1.16 billion from January to March, higher than P964 million in the same period last year.
Revenue from toll operations amounted to P2.18 billion, up 13 percent from P1.94 billion in the same period last year.
Average transaction mode of payment for the period was 99 percent for RFID and 1 percent for cash. For the three months ended March 2025, SLEX achieved an average daily traffic (ADT) of 366,750, a 3-percent increase from 357,774 in 2024.
Cost of services rose 10 percent from P479.5 million to P526.5 million due to higher government fees and higher amortization of service concession rights.
The South Luzon Expressway spans 36.1 kilometers from Alabang, Muntinlupa to Sto. Tomas, Batangas. SLEX is one of the three major expressways that link Metro Manila to the key southern Luzon provinces of Cavite, Laguna, Batangas, Rizal and Quezon.
To the north of the SLEX is the Skyway system, and to the south is the Southern Tagalog Arterial Road (STAR). SLEX connects with the Skyway System, and STAR and is a key logistical backbone to the southern corridor of Metro Manila.
SLEX is composed of four toll road segments, including TR1, TR2, TR3 and TR4, which are intended to operate as an integrated expressway.
These were classified into four segments to clearly define the scope of work (including rehabilitation and/or construction works) for each. Currently operational are TR1, TR2 and TR3.
The company is constructing the 66.74-kilometer toll road will connect Sto. Tomas, Batangas to Lucena City, Quezon.
Upon completion by 2026, the P50-billion project will 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)