Mumbai, Dec 24 (UNI) Adani Ports and Special Economic Zone Limited (APSEZ) has officially announced that it has completed the acquisition of natural deep-water North Queensland Export Terminal (NQXT) Australia, with a capacity of 50 million tonnes per annum, which supports Australia’s resource industry.
The deal is pursuant to completion of all condition precedents, including approvals from ‘majority of minority’ shareholders, Reserve Bank of India (RBI), Foreign Investment Review Board of Australia, amongst others.
APSEZ has allotted 14,38,20,153 equity shares of face value Rs 2 each to the seller, Carmichael Rail and Port Singapore Holdings Pte Ltd, on a preferential basis, the statement mentioned.
“Closure of NQXT’s acquisition is a significant milestone in APSEZ’s growth trajectory towards 1 billion metric tonne cargo by 2030. 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,” APSEZ Whole-Time Director & CEO Ashwani Gupta said.
NQXT is a high-growth, cash-generating asset, driven primarily by take-or-pay contracts with customers. During FY25, NQXT had a contracted capacity of 40 million tonnes and delivered a 228 million Australian dollars EBITDA (on a pro-forma basis, NQXT represents 6 per cent and 7 pc of APSEZ’s FY25 revenue and EBITDA respectively), according to the statement.
Shortly after the NQXT acquisition deal was officially announced, Adani Ports and Special Economic Zone Limited (APSEZ) raised its FY26 guidance. APSEZ stated that now it expects EBITDA in the range of around Rs 23,350 crore, increasing from Rs 22,000 crore it had stated earlier.
The company also stated that it expects an increased cargo volume of 545–555 MMT, compared to its previous estimate of 505–515 MMT.
Earlier, in its second quarter financial result for FY26, the company had set revenue guidance within the Rs 36,000 crore to Rs 38,000 crore range, while EBITDA was set in the Rs 21,000 crore to Rs 22,000 crore range.
“With the acquisition of North Queensland Export Terminal (NQXT), APSEZ is on track to achieve 1 billion tonnes of cargo volume by 2030. The acquisition adds a cash-generating asset to APSEZ’s international portfolio along the East-West trade corridor,” the company statement mentioned
Adani Ports and Special Economic Zone (APSEZ) posted financial results for the quarter ended September, 2025. The company’s consolidated net profit rose 27.2 pc to Rs 3,109 crore in the first quarter, as compared to Rs 2,445 crore in the year-ago period.
Adani Ports acquires Australia’s NQXT, raises its FY26 guidance
