On a proforma basis, APSEZ has revised its FY26 EBITDA guidance to ?22,350–23,350 crore from ?21,000–22,000 crore earlier. Cargo volume guidance has been increased to 545–555 million metric tonnes from 505–515 million tonnes. The company said it remains on track to reach 1 billion tonnes of cargo throughput by 2030.
The transaction gives APSEZ 100% ownership of NQXT Australia after receiving all regulatory and shareholder approvals, including consent from majority of minority shareholders, the Reserve Bank of India and Australia’s Foreign Investment Review Board. APSEZ has allotted 14.38 crore equity shares of face value ?2 each to the seller, Carmichael Rail and Port Singapore Holdings, on a preferential basis.
For the September quarter, consolidated net profit rose 29% year-on-year to ?3,120 crore, while revenue from operations increased 30% to Rs 9,167 crore from Rs 7,067 crore a year earlier. The growth was driven by higher cargo volumes, logistics and marine businesses, and record margins at domestic ports.
“Closure of NQXT’s acquisition is a significant milestone in APSEZ’s growth trajectory towards 1 billion metric tonne cargo by 2030,” said Ashwani Gupta, whole-time director and CEO of APSEZ. “NQXT will enhance our presence along the East-West trade corridor along with our other international ports in Israel, Colombo and Tanzania.”
NQXT operates a natural deep-water, multi-user export terminal at the Port of Abbot Point in North Queensland with a nameplate capacity of 50 million tonnes per annum. It serves mining customers in the Bowen and Galilee basins and exports largely to Asian markets, which accounted for about 88% of cargo volumes in FY25.
During FY25, NQXT had a contracted capacity of 40 million tonnes and delivered A$228 million in EBITDA. On a proforma basis, it contributed about 6% of APSEZ’s revenue and 7% of EBITDA.
