• Continued growth in underlying earnings across diversified business
• Solid financial performance despite headwinds, including industrial action and extreme weather
• Completed strategic acquisitions to expand capabilities and market reach

Qube Holdings Limited has reported a strong set of financial results for the 2025 financial year, with the company's diversified business model and strategic investments enabling it to deliver solid growth despite a number of headwinds. Underlying revenue grew by 27.3% to $4,461.4 million, while underlying EBITA increased by 18.5% to $377.2 million. Underlying earnings per share (pre-amortisation) rose by 6.0% to 16.25 cents. The company's EBITA margin, excluding the impact of grain trading, also improved to 10.5%, up from 9.5% in the prior year. Qube's financial performance was supported by organic growth across most of its key markets, as well as contributions from prior and current period acquisitions, including the completion of the purchase of the Melbourne International RoRo & Auto Terminal, which has been rebranded as AAT Webb Dock West. The company also acquired the Coleman business in Western Australia, providing a platform for Qube to enter the Security Sensitive Ammonium Nitrate (SSAN) market on the west coast. Despite challenges such as extreme weather, industrial action, and changes in market dynamics for some resources customers, Qube's diversification by market and geography enabled it to deliver a solid overall result. The company's strong financial performance has allowed it to increase the full-year dividend by 7.1% to 9.8 cents per share (fully franked).

Based on current year-to-date performance and the full year outlook, Qube confirms that it continues to expect to deliver solid underlying NPATA and EPSA growth in FY26. This includes the non-cash accounting expense attributable to the one-off Special Incentive Plan (SIP), which is expected to reduce Qube's underlying EBIT and NPATA by around $9.1 million and $6.4 million, respectively, in FY26.

Qube's diversified business model and strategic investments have positioned the company well to manage and respond to ongoing global economic and geopolitical volatility. The company continues to have multiple organic and inorganic growth options across its core markets and is well placed to deliver long-term underlying earnings growth.