• Underlying EBITDA of $1,576 million, 3% lower than prior year
• Final dividend of 6.5 cents per share, total dividend of 15.7 cents per share
• On-market buy-back of up to $150 million for FY2026

Aurizon Holdings Limited has reported its FY2025 results, delivering Group Underlying EBITDA for the financial year ended 30 June 2025 of $1,576 million, 3% lower than the prior comparable period. The key drivers were a 3% increase in Network EBITDA, flat Coal EBITDA, and a 26% decrease in Bulk EBITDA. Underlying Net Profit After Tax (NPAT) was $348 million, down 14%, and Statutory NPAT was down 25% compared to FY2024 due to significant items which include the goodwill impairment of $57 million allocated to Bulk. The Aurizon Board declared a final dividend of 6.5 cents per share, fully franked, representing a payout ratio of 80% of 2HFY2025 Underlying NPAT, taking the full year dividend to 15.7 cents per share, an 8% decrease compared to FY2024. The Aurizon Board has also announced an on-market share buy-back of up to $150 million, which reflects the Board's confidence in Aurizon's strong balance sheet, resilient cash flows and growth outlook. This follows on from the completion of a $300 million on-market buy-back in FY2025.

Group underlying EBITDA for FY2026 is expected to increase and be in the range of $1,680m - $1,750m, with full year dividends of 19-20cps. Sustaining capital expenditure is expected to be $610m - $660m (including ~$30m of transformation capital) and growth capital expenditure is expected to be $100m - $150m.

Aurizon's outlook for FY2026 includes higher EBITDA in the Network, Coal and Bulk segments, driven by increased regulatory revenue, higher volumes and lower provisions. The company expects to continue to efficiently navigate market conditions and capture growth opportunities.