0005 GMT - Aurizon's trading update is soft but not unexpected, says Citi analyst Samuel Seow. Aurizon's FY25 underlying Ebitda estimate of roughly A$1.575 billion compares with the Visible Alpha-compiled consensus of A$1.611 billion. The miss reflects lower network volumes and Bulk contract receivables, says Seow in a note. Depreciation and interest are also slightly higher than analysts envisaged. "Looking forward, Network miss will likely be looked through given regulatory recovery mechanisms in future years," Seow says. "However, Bulk business looks set for a change, with current CFO George Lippiatt switching to lead the under-performing business, replacing Anna Dartnell who has led Bulk since 2023." Citi has a neutral rating and A$3.40 target on Aurizon. The stock is down 1.3% at A$2.96. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
June 25, 2025 20:05 ET (00:05 GMT)
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