407 International Reports Second Quarter Results
Traffic up 5% compared to second quarter of 2024
TORONTO, July 16, 2025 /CNW/ - Today, 407 International Inc. (the Company) announced financial results for the second quarter of 2025. Reported revenues were $523.5 million, up 16% and net income was $211.9 million, up 13% compared to the same period in 2024. Earnings before interest and other expenses, taxes, depreciation and amortization (EBITDA1) for the second quarter of 2025, totalled $443.9 million, up 12% compared with the same period in 2024.
The Board of Directors declared an eligible dividend of $0.323 per common share paid on July 15, 2025, to shareholders of record on July 15, 2025.
Average workday trips2 were 405,195 and total trips2 were higher by 5% during the second quarter of 2025, compared to the same period in 2024. Vehicle kilometres travelled2 increased by 6% for the second quarter of 2025, compared to the same period in 2024.
Effective June 6, 2025, the Company welcomed Michael Rosenfeld, Managing Director, Infrastructure Investments, PSP Investments, to the Board of Directors. The members of the Board of Directors are as follows:
David McFadden, K.C., Chair of the Board of Directors
Jose Espinosa, President & Chief Executive Officer
Michael Bernasiewicz
Rob MacIsaac
Andrew Alley
Laura Formusa
Andres Sacristan
Young Park
Jose Maria Velao
Emmie Fukuchi
Michael Rosenfeld
Vacant, Director to be appointed by Cintra
During the second quarter of 2025, 407 ETR released its 2024 Environmental, Social and Governance (ESG) Report, Future Forward, outlining the Company's progress in key areas of sustainability and responsible business practices. Marking the sixth year of reporting, the publication provides a detailed look at 407 ETR's ESG strategy and performance metrics.
407 ETR continues to sponsor local conservation and biodiversity initiatives and is donating a total of $1.8 million over three years from 2023 to 2025. This includes its ongoing support of the Rights-of-Way as Habitat Program with Canadian Wildlife Federation (CWF) to support the recovery of monarchs, bees, hummingbirds and other pollinator species. 407 ETR celebrated Pollinator Week in June 2025 by highlighting 15 roadside restoration projects underway as part of this multi-year sponsorship. Together, CWF and 407 ETR have surpassed the original 12-hectare goal of roadside restoration and are on track to restore 15.8 hectares of habitat, the equivalent of approximately 30 football fields. In addition to supporting the planting of native wildflowers and grasses, 407 ETR's funding is helping CWF educate rights-of-way managers about best practices in roadside vegetation management.
"As stewards of a vital transportation corridor in the GTA, we understand the critical role we play in preserving and enhancing the natural environment," says Geoffrey Liang, Chief Financial Officer, 407 ETR. "We're deeply committed to minimizing our environmental impacts and enhancing the ecosystems that surround us, which is reflected in our ongoing investments in biodiversity."
Highlights (Unaudited)
Three-month period ended
Six-month period ended
June 30
June 30
