Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Australia’s North Queensland Export Terminal (NQXT), marking a key milestone in its overseas expansion strategy. Following the closure of the transaction, the company has revised its FY26 cargo volume and earnings guidance upward, reflecting the immediate contribution from the newly acquired asset.
Revised FY26 Guidance
On a proforma basis, APSEZ has increased its FY26 EBITDA guidance to ₹22,350–23,350 crore, compared with the earlier range of ₹21,000–22,000 crore. Expected cargo volumes have also been raised to 545–555 million metric tonnes (MMT) from the previous estimate of 505–515 MMT.
Transaction Details and Approvals
The acquisition, announced in April, has now been completed after securing all required regulatory and shareholder approvals, including those from majority-of-minority shareholders, the Reserve Bank of India, and Australia’s Foreign Investment Review Board. As part of the consideration, APSEZ allotted 14.38 crore equity shares of face value ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, on a preferential basis.
Strategic Importance of NQXT
The addition of NQXT strengthens APSEZ’s international portfolio and supports its long-term goal of handling 1 billion tonnes of cargo annually by 2030. The terminal enhances the company’s presence along the East–West trade corridor, complementing its existing overseas assets in Israel, Colombo and Tanzania.
Located in Queensland, NQXT is a critical export hub for bulk commodities and has a capacity of 50 million tonnes per annum. Its operations are largely backed by take-or-pay contracts, providing stable and predictable cash flows.
Financial Contribution
In FY25, NQXT had a contracted capacity of 40 million tonnes and generated A$228 million in EBITDA on a proforma basis. The asset contributed around 6% of APSEZ’s revenue and 7% of its EBITDA during the year.
Management Commentary
Commenting on the acquisition, Ashwani Gupta, Whole-time Director and CEO of APSEZ, described NQXT as a high-quality asset with strong growth visibility and cash-generating characteristics, adding that its location and sustainability profile make it a strategic fit for APSEZ’s global expansion plans.
Summary
APSEZ has successfully completed the acquisition of Australia’s NQXT terminal, strengthening its international port portfolio. The deal has led to an upward revision in FY26 cargo volume and EBITDA guidance, driven by NQXT’s immediate earnings contribution, stable cash flows and strategic importance in supporting APSEZ’s long-term global growth ambitions.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.