Aurizon Holdings Limited (QRNNF) Q4 2026 Earnings Call Transcript

Andrew Harding MD, CEO & Director Good morning, and welcome to Aurizon's FY 2026 Results Presentation. Aurizon delivered strong execution across the business with earnings per share increasing by 29%. Underlying EBITDA was above the midpoint of guidance, supporting full year dividends of $0.23 per share alongside the completion of the $250 million our on-market buyback. I'll focus on 3 themes today: strong financial performance, positive contributions from network, coal and bulk, together with a clear pathway for containerized freight to achieve EBITDA breakeven in FY 2027 and progress on our strategic priorities, including UT5+, coal recontracting, bulk growth and expansion into vehicle logistics. We're in Brisbane today. Therefore, I acknowledge the traditional custodians of this land, the Turrbal and Jagera people and pay my respects to the elders past, present and future, for they hold the memories, the traditions, the culture and hopes of Aboriginal Australia. We must always remember that under the ballast, sleepers, rail systems and office buildings where Aurizon does business was and always will be traditional aboriginal land. I'm