Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Feb 15, 2026
AI Summary
Q2 2026

Strong Results: Aurizon delivered a robust set of first half 2026 results, with underlying EBITDA up 9% and earnings per share increasing 20%.

Higher Shareholder Returns: The dividend payout ratio was raised to 90%, and the share buyback program was extended by $100 million, reflecting strong cash flow and capital efficiency.

Cost Discipline: Operating costs were flat despite a 4% revenue increase, supported by the completion of a $60 million cost-out program.

Business Unit Performance: All major segments—Network, Coal, and Bulk—contributed to earnings growth, with Bulk EBITDA up 39%.

Improved Outlook: Full-year dividend guidance was increased to $0.22–$0.23 per share, and non-growth CapEx guidance was lowered.

Network Review Concluded: Aurizon completed its review of the Network ownership structure, deciding to retain the integrated model as it delivers the best long-term value.

Outlook Maintained: Group EBITDA guidance remains $1.68–$1.75 billion, with expectations for higher earnings across all main business units versus FY 2025.

Key Financials
Underlying EBITDA
$1.68–$1.75B
Dividend Per Share
$0.125
Dividend Payout Ratio
90%
Free Cash Flow
$335M
Network EBITDA
$516M
Bulk EBITDA
$117M
Coal Volume
101M tonnes
Network Volume
109.8M tonnes
Bulk Revenue
$595M
Total CapEx
$327M
Non-growth CapEx
$247M
Growth CapEx
$80M
Group Gearing
55.5%
Net Debt to EBITDA
3.1x
Earnings Call Recording

Other Earnings Calls

2026