Qube Holdings Ltd

QUB: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$8.10	Psmbycw	Pqxsvcdxcy

Qube Earnings: Growth Slows but Performance Remains Impressive

Adrian Atkins

Feb 22, 2024

Narrow-moat-rated Qube Holdings reported a solid first-half fiscal 2024 result. Underlying EBITDA rose 11% to AUD 157 million on the previous corresponding period, tracking in line with our full-year forecast. Underlying net profit after tax increased 8% to AUD 135 million, versus our flat forecast with interest expense and contributions from associates better than expected. An interim dividend of AUD 4 cents per share is up 7% on the PCP.

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