Standard & Poor’s confirms rating and outlook (BB+, Positive) as Mundys’ 2025 results are in line with expectations and Acquisitive Strategy

16 April 2026 - Following Mundys 2025 Integrated Annual Results publication - Standard & Poor’s confirmed Mundys’ 2025 full-year results are in line with expectations, with reported EBIDTA increasing by 5%. Traffic grew by 1.8% in 2025 for the toll road portfolio and 4% across airports. The increase in Mundys’ reported EBITDA was also supported by the performance of Telepass, following repricing strategy and cost optimization initiatives.

The agency also confirmed that Mundys’ recent announcement of acquisition of up to 9.5% of Getlink’s share capital and achievement of up to 29.9% of voting rights is consistent with its acquisition strategy.

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