A STRATEGY aimed at diversifying by market and geography has been listed as a strong factor in business growth for logistics company Qube Holdings during the 2025 financial year.
The company reported underlying revenue growth of 27.3% to $4.46bn and an underlying EBITA increase of 18.5% to $377.2 million compared with 2024.
Underlying NPATA increased by 6.2% to $288 million and statutory net profit after text (NPAT) was $51million.
Qube managing director Paul Digney said the earnings result benefited from “a combination of organic growth” and “a continuing focus on developing our operational capabilities and expertise and our strategy to diversity by market and geography”.
“Activity levels remained generally favourable across most of Qube’s core markets and the diversity of our operations and multiple growth levers again enabled the business to more than offset the earnings impact of challenges in the period,” Mr Digney said.
“The continued improvement in both margins and our return on average capital employed (ROACE) highlights Qube’s disciplined approach to investment.”
The operating division reported “strong underlying revenue growth” of 27.4% to $4.5bn and underlying earnings growth (EBITA) of 17.4% to $419.5 million.
The result also benefited from acquisitions in the 2024 financial year.
The logistics and infrastructure business was described as delivering underlying revenue and business earnings growth, with underlying revenue increasing by 57.4% and underlying EBITA growing 20.3%.
Qube’s grain trading activities contributed $116.9 million in revenues to the combined Qube Logistics bulk handling, rail and port businesses.
“Container volumes remained solid during the period across Qube’s transport, container park, warehousing and related logistics activities,” the company reported.
The ports and bulk business reported “modest underlying revenue growth” but strong earnings with revenue rising by 3.5% and EBITA increasing by 10.2% to $183.1million.
“The pleasing result was achieved despite Qube’s Australian port operations experiencing a challenging period due to industrial action that occurred at multiple ports,” the company reported.
“The diversification of Qube’s bulk operations, as well as contributions from recent acquisitions, helped more than offset significant adverse weather events, weakness in some customer volumes and the cessation of work for BHP Nickel West in October 2024 as it suspended its operations.”
Within the terminals division, Patrick reported a rise in underlying revenue of 1.2% to $927.9 million and underlying EBITDA (earnings before interest, taxes, depreciation, and amortisation) increasing $380.3million.
Patrick also finalised a three-year enterprise agreement prior to the December 2025 expiry with no industrial disruption.
Qube has predicted growth during the 2026 financial year.
“Qube continues to have multiple organic and inorganic growth options across its core markets and continues to be well-placed to deliver long-term underlying earnings growth,” the company stated.