Aurizon
Logotype for Aurizon Holdings Limited

Aurizon (AZJ) investor relations material

Aurizon H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Aurizon Holdings Limited
H1 2026 earnings summary15 Feb, 2026

Executive summary

  • Underlying EBITDA rose 9% year-over-year to $891m, with all business units contributing to earnings uplift and disciplined cost control, including a $60m cost-out program.

  • Net profit after tax increased 16% to $237m, and earnings per share rose 20% to 13.6c, aided by share buybacks.

  • Dividend payout ratio increased to 90%, with interim dividend up 36% to 12.5c per share (90% franked) and a $100m buyback extension announced.

  • Strategic focus on portfolio optimization, disciplined capital allocation, and long-term growth, with a new CFO appointment and retention of the integrated network model after review.

  • Comprehensive review of Network ownership structure concluded integration synergies up to $75m per annum; monetisation or demerger not pursued.

Financial highlights

  • Revenue increased 4% year-over-year to $2,104m, driven by regulatory revenue and higher volumes in coal and bulk.

  • Underlying NPAT, free cash flow, and EPS all improved, with free cash flow up 41% to $335m and EPS up 20% due to the buyback program.

  • Statutory EBITDA up 4% to $888m; statutory NPAT up 1%.

  • EBITDA margin improved to 42.4% from 40.2%, and ROIC increased to 8.8%.

  • Buyback program extended by $100m, with 126m shares cancelled, increasing EPS by 7.4%.

Outlook and guidance

  • FY2026 underlying EBITDA guidance maintained at $1,680m–$1,750m.

  • Full-year dividend expectations raised to 22–23c per share.

  • Non-growth CapEx guidance reduced to $580m–$600m; growth CapEx maintained at $100m–$150m.

  • Segment EBITDA for Network, Coal, Bulk, and Other all expected to be higher than FY2025, assuming no major supply chain disruptions.

  • Ongoing focus on cost transformation and technology upgrades through FY2028.

What drives the balance between buybacks and dividends?
Impact of QCA capacity report and DAAU extension
Expected outcomes from non-operating cost base review
What were key risks of Network separation?
Achieving non-coal EBITDA growth targets
Hunter Valley capacity deployment update
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Aurizon earnings date

Logotype for Aurizon Holdings Limited
H2 202617 Aug, 2026
Aurizon
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Aurizon earnings date

Logotype for Aurizon Holdings Limited
H2 202617 Aug, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Aurizon Holdings Limited, formerly known as QR National Limited, through its subsidiaries, operates as a rail freight operator in Australia. The company transports coal for the mining sector and exports of mineral concentrates from various ports located along the eastern and south-western coasts of Queensland and from Newcastle New South Wales; and bulk grain to customers in northern, western, central and southern Queensland. It transports bulk resources, such as coal, grain, minerals (including lead concentrate and zinc concentrate), fertilizers, steel products (principally sheet steel), ores, chemicals and other commodities domestically; and exports timber to customers in Indonesia. Aurizon Holdings Limited is based in Fortitude Valley, Australia.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage