Adani Ports Raises FY26 Guidance Post NQXT Buy
Adani Ports and Special Economic Zone has updated its FY26 financial and operational guidance after acquiring Australia's North Queensland Export Terminal (NQXT). The revised EBITDA guidance is ₹22,350-23,350 crore, up from ₹21,000-22,000 crore. Cargo volume projection increased to 545-555 million metric tonnes from 505-515 million metric tonnes. The company acquired 100% ownership in NQXT by issuing 14.38 crore equity shares to Carmichael Rail and Port Singapore Holdings. NQXT, located at Port of Abbot Point, has a 50 million tonnes per annum capacity. Adani Ports reported strong Q2 performance with a 29% increase in consolidated net profit to ₹3,120 crore and a 30% rise in revenue to ₹9,167 crore.
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Adani Ports and Special Economic Zone has announced revised FY26 financial and operational guidance following the successful acquisition of Australia's North Queensland Export Terminal (NQXT). The strategic acquisition has prompted the company to update its earnings and cargo throughput projections, marking a significant expansion in its global infrastructure portfolio.
Revised FY26 Guidance
The company has updated its financial and operational targets on a proforma basis to reflect the NQXT acquisition impact:
| Parameter | Revised FY26 Guidance | Previous Guidance | Increase |
|---|---|---|---|
| EBITDA | ₹22,350-23,350 crore | ₹21,000-22,000 crore | ₹1,350 crore (midpoint) |
| Cargo Volume | 545-555 million metric tonnes | 505-515 million metric tonnes | 40 million metric tonnes (midpoint) |
Adani Ports has reiterated its long-term strategic target of achieving 1 billion metric tonnes of cargo throughput by 2030, with the NQXT acquisition serving as a key milestone toward this objective.
NQXT Acquisition Details
Adani Ports has completed the acquisition of 100% ownership in NQXT Australia after obtaining all necessary shareholder and regulatory approvals. The transaction structure involved issuing 14.38 crore equity shares with a face value of ₹2 each to the seller, Carmichael Rail and Port Singapore Holdings, on a preferential basis.
| Transaction Parameter | Details |
|---|---|
| Ownership Acquired | 100% of NQXT Australia |
| Shares Issued | 14.38 crore equity shares |
| Face Value | ₹2 per share |
| Seller | Carmichael Rail and Port Singapore Holdings |
| Issue Type | Preferential basis |
NQXT Terminal Specifications
The North Queensland Export Terminal represents a strategic asset in Adani Ports' international expansion. Located at the Port of Abbot Point, NQXT operates as a natural deep-water, multi-user export terminal with substantial operational capacity.
| Facility Details | Specifications |
|---|---|
| Location | Port of Abbot Point, Australia |
| Terminal Type | Natural deep-water, multi-user export |
| Nameplate Capacity | 50 million tonnes per annum |
| Primary Markets | Asian markets |
| Customer Base | Mining customers in Bowen and Galilee basins |
| FY25 Market Share | 88% of cargo volumes |
Recent Financial Performance
Adani Ports demonstrated strong financial performance in the September quarter, with significant year-on-year growth across key metrics:
| Financial Metric | September Quarter | Year-on-Year Change |
|---|---|---|
| Consolidated Net Profit | ₹3,120 crore | +29% |
| Revenue from Operations | ₹9,167 crore | +30% |
| Previous Year Revenue | ₹7,067 crore | Base |
The growth was attributed to higher cargo volumes, improved logistics and marine services performance, and strong margins at domestic ports.
Strategic Impact
Ashwani Gupta, whole-time director and CEO of APSEZ, described the NQXT acquisition as a key milestone in the company's journey toward achieving 1 billion metric tonnes of cargo handling capacity by 2030. The acquisition enhances APSEZ's presence along the East-West trade corridor and complements its existing international port operations in Israel, Colombo, and Tanzania, strengthening its global infrastructure network.
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