financetom
Business
financetom
/
Business
/
Australia's Aurizon flags 200 job cuts, potential hit to full-year earnings
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Australia's Aurizon flags 200 job cuts, potential hit to full-year earnings
May 26, 2025 1:42 AM

(Reuters) -Australia's Aurizon Holdings ( QRNNF ) is looking to potentially cut 200 full-time job roles across its business after an ongoing assessment of its non-operational cost base, the rail freight operator said post trading hours on Tuesday.

The firm had mentioned in its half-year results in February that it would implement "additional efficiency improvements" during the current calendar year.

It currently has over 6,000 employees, according to its website.

Aurizon's ( QRNNF ) half-year results missed market estimates, with an underlying net profit after tax of A$205 million ($132.27 million) coming below a Visible Alpha consensus of A$215.2 million.

It also mentioned that it is owed around A$50 million in aggregate from two of its bulk customers, and another A$15 million from delay charges and handling services for another bulk customer.

The company still expects its group earnings before interest, tax, depreciation and amortisation (EBITDA) for fiscal 2025 to be at the lower end of the A$1.66 billion-A$1.74 billion range it forecast earlier.

Depending on the outcome of the money it is owed, Aurizon ( QRNNF ) said its provision for impairment of receivables for the fiscal year could rise, likely impacting its EBITDA forecast.

Shares of Australia's largest rail freight operator closed 3.2% lower at A$3.00 per share at 0600 GMT.

($1 = 1.5499 Australian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Nvidia Lobbying Secures AI Chip Export Rule Exclusion
Market Chatter: Nvidia Lobbying Secures AI Chip Export Rule Exclusion
Mar 10, 2026
01:14 PM EST, 12/03/2025 (MT Newswires) -- Nvidia ( NVDA ) is on the brink of securing a lobbying win after US lawmakers excluded a rule that would limit the company's ability to sell their AI chips to China from must-pass defense legislation, Bloomberg reported Wednesday, citing a person familiar with the defense bill. The defense legislation is set to...
QuinStreet Says Signed Deal to Acquire HomeBuddy for $190 Million
QuinStreet Says Signed Deal to Acquire HomeBuddy for $190 Million
Mar 10, 2026
09:13 AM EST, 12/03/2025 (MT Newswires) -- QuinStreet ( QNST ) said Wednesday that it has signed a definitive agreement to acquire Siren Group, also known as HomeBuddy, for $190 million. The company said it will acquire the digital marketplace platform for $115 million in cash at closing and $75 million in post-closing payments payable equally over four years. QuinStreet...
Form 8.3
Form 8.3
Mar 10, 2026
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Charles Schwab Investment Management, Inc. (CSIM) in its capacity as investment advisor to clients. CSIM expressly disclaims beneficial ownership of the shares...
Indian airports face major disruptions as IndiGo grapples with pilot shortages, sources say
Indian airports face major disruptions as IndiGo grapples with pilot shortages, sources say
Mar 10, 2026
* IndiGo faces staffing crunch due to pilot work hour limits * Airline cancels at least 90 flights, sources say * IndiGo blames operational challenges (Recasts story and adds new details of airport disruption across three cities) By Jayshree P Upadhyay, Abhijith Ganapavaram and Dhwani Pandya NEW DELHI, Dec 3 (Reuters) - At least 150 flights operated by India's biggest...
Copyright 2023-2026 - www.financetom.com All Rights Reserved