Latest news with #Aurizon
AU Financial Review
3 days ago
- Business
- AU Financial Review
The $1.1b bet on fuel's cheap-and-cheerful future
If there's one thing fuel group Ampol didn't lack, it's scale. Now it is buying more after it agreed to acquire EG Group's Australian service station portfolio for $1.1 billion, Is it a good thing? We're normally harsh on acquisitions. Too often they torch shareholders' capital, particularly when it comes to steady, old Australian companies chasing elusive growth (Aurizon, Orora, Boral, Telstra, BHP, Link Market Services etc).
AU Financial Review
10-08-2025
- Business
- AU Financial Review
Aurizon: Activists ready to rock rail group's future
Aurizon's Andrew Harding is facing a bigger reporting season than most chief executives. His $2 billion-plus bet on carrying more bulk freight – anything but coal – isn't firing. He's built, he's bought, he's backed in new management, and still Aurizon hasn't cracked it. Shareholders are antsy. Bulk was supposed to be his growth engine, the sizzle in a story that's otherwise focused on mature coal haulage and a monopoly coal rail network. But it hasn't worked and Aurizon's returned a miserly 2.3 per cent a year for shareholders in the past decade, including dividends, while the S&P/ASX 200 has returned 10.6 per cent.
AU Financial Review
10-08-2025
- Business
- AU Financial Review
Network or nuisance? Aurizon's ‘beyond coal' dream turns hot mess
Aurizon's Andrew Harding is facing a bigger reporting season than most chief executives. His $2 billion-plus bet on carrying more bulk freight – anything but coal – isn't firing. He's built, he's bought, he's backed in new management, and still Aurizon hasn't cracked it. Shareholders are antsy. Bulk was supposed to be his growth engine, the sizzle in a story that's otherwise focused on mature coal haulage and a monopoly coal rail network. But it hasn't worked and Aurizon's returned a miserly 2.3 per cent a year for shareholders in the past decade, including dividends, while the S&P/ASX 200 has returned 10.6 per cent.
AU Financial Review
16-06-2025
- Business
- AU Financial Review
The deal that could unlock Australia's next mining hero
The Pilbara is past its peak. Australia's coal sector is in decline. Our rare earths industry is still in its infancy. The country needs a new mining hero, and BHP's Olympic Dam project could be the best bet. The mining giant would like to double production from its South Australian copper business to about 650,000 tonnes a year by the middle of the 2030s. Clearly, that's not guaranteed, but on Monday a potential stumbling block was taken off the table when BHP announced a 10-year logistics deal with Aurizon worth about $1.5 billion.
Yahoo
06-05-2025
- Business
- Yahoo
Australia's Aurizon flags 200 job cuts, potential hit to full-year earnings
(Reuters) -Australia's Aurizon Holdings is looking to potentially cut 200 full-time job roles across its business after an ongoing assessment of its non-operational cost base, the rail freight operator said post trading hours on Tuesday. The firm had mentioned in its half-year results in February that it would implement "additional efficiency improvements" during the current calendar year. It currently has over 6,000 employees, according to its website. Aurizon's half-year results missed market estimates, with an underlying net profit after tax of A$205 million ($132.27 million) coming below a Visible Alpha consensus of A$215.2 million. It also mentioned that it is owed around A$50 million in aggregate from two of its bulk customers, and another A$15 million from delay charges and handling services for another bulk customer. The company still expects its group earnings before interest, tax, depreciation and amortisation (EBITDA) for fiscal 2025 to be at the lower end of the A$1.66 billion-A$1.74 billion range it forecast earlier. Depending on the outcome of the money it is owed, Aurizon said its provision for impairment of receivables for the fiscal year could rise, likely impacting its EBITDA forecast. Shares of Australia's largest rail freight operator closed 3.2% lower at A$3.00 per share at 0600 GMT. ($1 = 1.5499 Australian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
