Aurizon reaffirms earnings guidance of $1.78B
Key points
- Railway operator Aurizon maintained its underlying earnings target of $1.73-$1.78 billion for FY27.
- Railway operator Aurizon maintained its underlying earnings target of $1.73-$1.78 billion for FY27.
- Containerised freight has been merged into a single Bulk & Containerised Freight segment to support customer growth.
Rail freight operator Aurizon (ASX:AZJ) has reaffirmed its FY27 underlying EBITDA guidance of $1.73-$1.78 billion along with an expected full-year dividend of 23–24 cents per share.
Central Queensland Coal Network volumes rose 3.2% to 74.7 million tonnes across the four months to Oct. 31, even as total hauled coal volumes dropped 4.0% to 63.5 million tonnes against the prior corresponding period.
Bulk rail volumes increased 9.0% to 20.1 million tonnes on stronger Western Australian iron ore and grain traffic, while total containerised freight volumes jumped 14.3% to 91.3 thousand twenty-foot equivalent units.
The company stated that non-growth capital expenditure remains unchanged at $590-$660 million alongside growth capital expenditure of $70-$120 million for the year.
Following the announcement, the Aurizon share price was up at $3.90.
Aurizon has consolidated its container freight unit into a single Bulk & Containerised Freight reporting segment under executive George Lippiatt to streamline operations.
The group stated that Network and Bulk & Containerised Freight earnings are expected to increase over FY26 levels, while coal haulage earnings are projected to decline due to lower contracted volumes.
