• Revenue growth across Coal, Bulk and Containerised Freight segments
• Statutory EBITDA impacted by $43m in significant items
• Free Cash Flow down 22% due to higher capital expenditure and acquisition costs

Aurizon Holdings Limited reported a 3% decrease in underlying EBITDA to $1,576m for FY2025, with revenue growth across the Coal, Bulk and Containerised Freight segments offset by higher operating costs. Statutory EBITDA was down 6% to $1,533m due to $43m in significant items, including legal settlements and transformation costs. Underlying NPAT declined 14% to $348m, while statutory NPAT fell 25% to $303m. Free Cash Flow decreased 22% to $518m, impacted by higher capital expenditure and acquisition costs. The company announced a final dividend of 6.5 cents per share, representing an 80% payout ratio of underlying NPAT. Key highlights included the signing of a 15-year integrated rail, road and port logistics solution with BHP for its Copper South Australia operations, and the commencement of land-bridging containerised freight services from the Port of Darwin. Aurizon also completed a $150m on-market buyback and successfully priced $500m in subordinated notes to strengthen its capital structure.

Aurizon expects to realise around $60m in annualised cost savings from its non-operational cost base review, with the full benefit to be realised from 1 July 2025.

Aurizon is progressing a review of its portfolio and capital structure, with the appointment of an investment bank to assist. The company is also focused on securing contract extensions and new business opportunities, as well as driving operational efficiencies and cost savings across the business.