APSEZ Strengthens Global Footprint with Acquisition of NQXT Australia

Adani Ports and Special Economic Zone Ltd (APSEZ), recognized as India's largest integrated transport utility, has officially acquired North Queensland Export Terminal (NQXT) Australia. This strategic move is aimed at not only solidifying APSEZ's presence along the east-west trade corridor but also accelerating its ambitious journey towards achieving an impressive target of handling 1 billion tons of cargo annually by the year 2030.

A Key Addition to Global Operations

NQXT, with a current operational capacity of 50 million tons per annum (MTPA), has been a vital asset for resource producers in Queensland. The terminal boasts a robust infrastructure and strategic location, which will enable APSEZ to significantly enhance its global shipping capabilities. With an identified pathway to potentially double its throughput to 120 MTPA, NQXT is poised to meet increasing global demand, particularly in areas such as high-quality resources and green hydrogen exports.

During the fiscal year 2025, NQXT has already set a record by processing 35 million tons of cargo, demonstrating its operational efficiency and effectiveness. APSEZ anticipates that this acquisition will contribute to a substantial increase in its EBITDA, enhancing its overall profitability and market competitiveness.

Details of the Acquisition

The acquisition, executed through a share swap arrangement, involves APSEZ issuing 14.38 million shares to the seller for acquiring 100% ownership of APPH, the holding company of NQXT. This transaction is valued at approximately AUD 3,975 million, demonstrating APSEZ's confident outlook on the future potential of NQXT. Importantly, the deal is structured as a non-cash transaction, which allows APSEZ to maintain its financial leverage at similar levels post-acquisition.

Commenting on this strategic acquisition, APSEZ’s managing director, Ashwani Gupta, expressed, "This acquisition is a significant milestone in our international strategy. It not only opens new export markets but also positions us to secure long-term contracts with valued customers. NQXT is perfectly aligned with our growth strategy, ensuring high performance and the potential for increased revenues over time."

NQXT's Role and Performance

NQXT operates as a multi-user deep-water export terminal and has been instrumental in facilitating the exportation of premium metallurgical and thermal coal to several countries. With an average life span of around 60 years for its current mining clients, the terminal ensures sustained long-term operations. Furthermore, the terminal's operational practices align with high standards of environmental, social, and governance (ESG) criteria, underscoring its commitment to sustainability and community engagement.

As part of its ESG initiatives, NQXT recorded zero environmental incidents during the 2025 fiscal year and prides itself on high safety standards with a significantly low accident rate. Additionally, a notable percentage of its workforce is composed of local Indigenous peoples, showcasing its dedication to creating job opportunities in the region.

Future Outlook

The acquisition of NQXT represents a cornerstone in APSEZ's plans to expand its global logistics and transportation network. With an expected growth in EBITDA to reach AUD 400 million within four years, the company is well-positioned to harness synergies from this acquisition, while exploring new ventures into green hydrogen exports. NQXT, under APSEZ’s operation, is set to evolve into a powerhouse in the logistics and transport sector, contributing to India's aspirations in global supply chain dynamics.

As APSEZ embarks on this new journey, the focus remains on sustainable practices and innovative solutions that not only cater to market demands but also prioritize environmental stewardship. With a clear vision for the future, APSEZ continues to strive toward becoming the largest port and logistics platform worldwide over the next decade.