Aurizon Holdings Ltd

AZJ: XASX (AUS)

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Aurizon: Weak Coal Exports Depress Outlook for Haulage Recontracting

Adrian Atkins

Dec 23, 2025

Amid weak coal prices and weather impacts, we estimate coal export volumes over the trailing 12 months to November 2025 declined 3% year on year. Separately, Aurizon has agreed on terms with customers to increase rail network revenue under a new 10-year contract starting mid-2027.

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Aurizon Holdings Ltd

Aurizon: Weak Coal Exports Depress Outlook for Haulage Recontracting

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