Australia's Aurizon Holdings falls on weak annual earnings forecast

Aurizon Holdings

26/06/2025 03:35

Updates

** Aurizon Holdings AZJ.AX falls as much as 2.5% to A$2.925, lowest since May 29

** Stock marks worst day since May 7

** Rail freight operator expects FY25 underlying EBITDA to be A$1.58 bln ($1.03 bln) vs Visible Alpha consensus of A$1.61 bln; earlier, co had forecast FY25 underlying EBITDA in A$1.66 bln-A$1.74 bln range

** Says lower network volumes, bulk contract receivables drove the miss

** Citi says network miss will likely be looked through, given regulatory recovery mechanisms in coming years

** However, adds bulk business segment poised for a shift as the current CFO has stepped in to lead the under-performing business

** AZJ last down 0.3%, takes YTD losses to 7.9%

($1 = A$1.5335)

 (Reporting by Rajasik Mukherjee and Kumar Tanishk in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))