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Audasa Reports Record 2025 AP-9 Revenue and Profit, Declares €115 Million Dividend

State-funded discounts now cover about 42% of AP-9 toll income.

Overview

  • Audasa, which filed Wednesday with Spain’s market regulator, reported 2025 revenue of €231.77 million and net profit of €100.8 million.
  • Roughly 42.4% of toll income came from government bonifications and other discounts, leaving drivers to pay 57.6% of the bill.
  • The company said €97 million of tolls were not paid directly by users, including €10.4 million in commercial discounts it funded.
  • Traffic increased in 2025, with reported daily averages ranging from 24,757 to 27,757 vehicles because outlets used different ways to tally sections.
  • Faro de Vigo reported the state’s compensation balance tied to AP-9 expansions reached €369 million despite €66.4 million paid in 2025, and Audasa has filed a €34.75 million claim over shadow tolls.