- Acquisition of North Queensland Export Terminal strengthens global footprint along East–West trade corridor
- FY26 proforma EBITDA guidance raised to ₹22,350–23,350 crore; cargo volume outlook upgraded to 545–555 MMT
- NQXT adds a high-growth, cash-generating export gateway in resource-rich Queensland
- International portfolio expansion accelerates APSEZ’s long-term global trade ambitions
NE BUSINESS BUREAU
AHMEDABAD, DEC 24
Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest Integrated Transport Utility, has successfully completed the acquisition of 100% interest in NQXT Australia after fulfilling all condition precedents, including approvals from the ‘majority of minority’ shareholders, the Reserve Bank of India, the Foreign Investment Review Board of Australia, among others.
As part of the transaction, APSEZ has allotted 14,38,20,153 equity shares of face value ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, on a preferential basis.
With the acquisition of the North Queensland Export Terminal (NQXT), APSEZ has upgraded its proforma outlook for FY26. EBITDA guidance now stands at ₹22,350–23,350 crore, up from the earlier ₹21,000–22,000 crore, while cargo volume guidance has been raised to 545–555 million metric tonnes (MMT) from 505–515 MMT. The development places APSEZ firmly on track to achieve its long-term target of handling 1 billion tonnes of cargo by 2030.
“Closure of NQXT’s acquisition is a significant milestone in APSEZ’s growth trajectory towards 1 billion metric tonne cargo by 2030,” said Ashwani Gupta, Whole-time Director & CEO, APSEZ. “NQXT is an excellent asset with distinct geographical advantages, strong growth prospects, and an enviable sustainability track record. NQXT will enhance our presence along the East-West trade corridor along with our other international ports in Israel, Colombo and Tanzania. I am delighted to welcome NQXT to the APSEZ family and look forward to strengthening our impact on the global trade landscape.”
NQXT is a critical export gateway for producers in resource-rich Queensland, with a current capacity of 50 million tonnes per annum (MTPA). The terminal is a high-growth, cash-generating asset, underpinned primarily by long-term take-or-pay contracts with customers.
During FY25, NQXT recorded a contracted capacity of 40 million tonnes and delivered A$228 million EBITDA. On a proforma basis, NQXT accounted for approximately 6% of APSEZ’s FY25 revenue and 7% of its EBITDA, reinforcing the strategic and financial value of the acquisition to APSEZ’s expanding international portfolio.
