Adani Ports raises FY26 EBITDA and cargo volume outlook after acquiring Australia’s NQXT terminal

Economic Times
Economic Times
2w ago
APSEZ revises FY26 EBITDA and cargo volume forecasts upward after acquiring Australia’s NQXT terminal, advancing its 2030 cargo throughput target.
Adani Ports raises FY26 EBITDA and cargo volume outlook after acquiring Australia’s NQXT terminal
A What happened
Adani Ports and Special Economic Zone (APSEZ) raised its FY26 EBITDA guidance to ₹22,350–23,350 crore from an earlier ₹21,000–22,000 crore and increased cargo volume guidance from 505–515 million metric tonnes to 545–555 million metric tonnes following the acquisition of Australia’s North Queensland Export Terminal (NQXT). The deal provides APSEZ with full ownership of NQXT after securing necessary regulatory and shareholder approvals. NQXT is a deep-water export terminal serving mainly Asian markets, with a capacity of 50 million tonnes per annum. This acquisition bolsters APSEZ’s presence along the East-West trade corridor alongside holdings in Israel, Colombo, and Tanzania. The expansion supports APSEZ’s target of reaching 1 billion tonnes of cargo throughput by 2030, reflecting its strategic growth trajectory in global shipping and logistics.
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Key insights

  • 1

    Strategic international expansion: The NQXT acquisition marks APSEZ’s deliberate move to strengthen its footprint along vital global trade routes, enhancing its role in East-West maritime commerce.

  • 2

    Scalability and growth targets: Increasing EBITDA and cargo volume guidance signals confidence in scaling operations and achieving significant growth in throughput amidst global trade recovery.

  • 3

    Diversification of cargo and markets: Ownership of NQXT diversifies APSEZ’s asset base and exposure to Asian markets, offering resilience against regional trade volatility.

Takeaways

Adani Ports’ acquisition of NQXT materially boosts its financial outlook and strategic positioning along key trade corridors, supporting its long-term cargo throughput ambitions.

Topics

Business & Markets Strategy World & Politics Trade & Tariffs

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