Appendix 4D

• Group EBITDA increased by 9% to $891m
• Net Profit After Tax increased by 16% to $237m
• Interim dividend of 12.5cps declared, representing a 90% payout ratio

Aurizon Holdings Limited has reported its financial results for the half-year ended 31 December 2025 (1HFY2026). The company's Group EBITDA increased by 9% to $891m, driven by higher earnings across the Coal, Bulk and Network segments. Net Profit After Tax rose 16% to $237m, supported by the cancellation of shares from buyback programs, with Earnings Per Share increasing by 20% to 13.6 cents. The company has declared an interim dividend of 12.5 cents per share, which is 90% franked and represents a payout ratio of 90% of underlying NPAT. The on-market buy-back program has been extended by $100m, now up to $250m. Looking ahead, the company has maintained its FY2026 underlying EBITDA guidance at $1,680m - $1,750m, with the full-year dividend expected to be 22-23 cents per share. Non-growth capital expenditure is now expected to be $580m - $600m, including around $30m of transformation capital, while growth capex has been maintained at $100m - $150m.

Group underlying EBITDA for FY2026 has been maintained at $1,680m - $1,750m. The full year dividend is now expected to be 22-23cps (previously 19-20cps).

The company expects EBITDA to be higher across the Network, Coal and Bulk segments in FY2026 compared to FY2025, driven by increased volumes, revenue and the non-recurrence of prior year impacts. The Other segment is also expected to see improved EBITDA with higher Containerised Freight contribution.