)
Qube (QUB) investor relations material
Qube H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 12.9% year-over-year to $2,359.4 million, with underlying EBITA up 9.8% and underlying NPATA up 10.1%, driven by organic growth and recent acquisitions.
Interim fully franked dividend of 5.35 cents per share declared, a 30.5% increase and 60% payout ratio.
Entered into a Scheme Implementation Deed with a Macquarie Asset Management-led consortium for a $5.20 per share offer, marking a significant milestone and platform for future growth.
Statutory NPAT surged 101.1% to $212.6 million, driven by a $101.5 million pre-tax gain from the Beveridge land sale and reversal of a $37.3 million onerous contract provision.
Material asset sales reduced net debt without impacting future operations or earnings.
Financial highlights
Underlying EBITDA increased 7.0% to $319.2 million; EBITA margin (excluding grain trading) improved to 10.6%.
Underlying NPATA reached $157.5 million, up 10.1% year-over-year.
Statutory results included a $101.5 million pre-tax profit from the Beveridge property divestment and a $37.3 million reversal of an onerous contract provision.
Net debt reduced to $1.57 billion at December 2025, down from $1,618.4 million at June 2025.
Group ROACE reached 10.1%, up from 9.9% at June 2025.
Outlook and guidance
FY26 underlying NPATA and EPSA expected to grow 6–10% over FY25.
Operating Division EBITA to see solid growth, mainly from Logistics & Infrastructure; Ports & Bulk earnings to remain flat.
Associates' NPATA contribution expected to be $20 million higher, led by Patrick.
Full-year gross capex forecast at $400–$450 million, net capex $250–$300 million.
Guidance assumes stable market and economic conditions, with no major adverse events.
Next Qube earnings date
Next Qube earnings date
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.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
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.
Explore our global coverage
)
)