APSEZ Boosts Global Reach with NQXT Acquisition

Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest integrated transportation utility, has announced the acquisition of Abbot Point Port Holdings Pte Ltd (APPH), which owns the North Queensland Export Terminal (NQXT) in Australia. This acquisition aligns with APSEZ's international expansion strategy, positioning the company to achieve its target of handling 1 billion tons annually by 2030. The acquisition involves the issuance of 14.38 million shares in a non-cash transaction valued at 3.975 billion AUD for NQXT. NQXT, known for its operational efficiency, is well-placed to increase its throughput to meet global demand for high-quality Queensland resources, including green hydrogen. NQXT’s throughput reached a historical high of 35 MMT in fiscal year 2025. With the acquisition, APSEZ expects enhanced EBITDA margins of over 90% and aims to boost NQXT’s EBITDA to 400 million AUD within four years. The deal also supports APSEZ's strategy to expand its transportation and logistics footprint while contributing to ESG goals, including engaging with the local workforce in Queensland. The transaction, pending regulatory approval, is expected to close within two quarters and is poised to expand APSEZ’s influence along the East-West trade corridor.