TOC Payments in 2024-25

[GuyGibsonVC]

It seems the financial figures for some TOCs was positive in terms of revenue. Less industrial action, a mild winter and other factors may be a factor.

LNER revenue was over £1 billion in the year up to March 2025 and they paid a dividend of £20 million to the DfT.

Northern passenger revenue went up by £50 million.

LNER revenue passes £1bn as cancellations cut

LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year.The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to...

www.cityam.com

LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial results.

 

[Nicholas Lewis]

It seems the financial figures for some TOCs was positive in terms of revenue. Less industrial action, a mild winter and other factors may be a factor.

LNER revenue was over £1 billion in the year up to March 2025 and they paid a dividend of £20 million to the DfT.

Northern passenger revenue went up by £50 million.

LNER revenue passes £1bn as cancellations cut

LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial year.The business, which is owned by the Department for Transport, has seen its revenue increase from £866.5m in the year to...

www.cityam.com

LNER, which operates most services on the East Coast Main Line, saw its revenue pass the £1bn mark as it cut the number of trains it cancelled during its latest financial results.

The article also says

LNER’s passenger revenue increased from £764.7m to £859.7m while the subsidy it received from DfT grew from £36m to £88.8m.

The business said the government subsidy increased because of a reduction in incentive payments received from Network Rail, the impact of pay rises, indexation and rate changes on large contracts as well as higher energy costs.

Umm so the governments train operator blames increased subsidy on the the governments own infrastructure operator. Wont be able to trot out that excuse when its GBR.

Anyhow a very comprehensive report and i suspect once its all internalised to GBR we will lose visibility to such other snippets as

236m spent on rolling stock leases vs 233m last year with an insight that they got 6.6m reduction from Hitachi failing to deliver to contracted number of trains.

78m on Electric Traction vs 56m last year there has been slight increase in train mileage but does show how much EC4T has gone up since NRs long term agreement expired with EdF.

Number of staff increased by 255 people from 3082 to 3337 which is heft increase on payroll up 21m to 192m.

 

[class 9]

Did any operators actually make money / hand money back to the DfT once NR costs are included?

All ticket revenue goes to ghd Treasury though.

 

[Nicholas Lewis]

All ticket revenue goes to ghd Treasury though.

Haven't they changed that since last financial year in an attempt to incentivise operators to improve fairbox revenue

 

[WAB]

No, not at all. Been employed on and interested in rail for over 40 years. Been so many ups & downs and yet they always carry on. Cant see that changing personally.

Only because people put the legwork in to keep it that way…

 

[danielnez1]

Only because people put the legwork in to keep it that way…

Hopefully that will come to an end.

 

[43066]

Hopefully that will come to an end.

Hopefully what will come to an end? Trains running?