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Qube Flags $220M Impairments on Moorebank Terminal Amid Weak Volume Outlook
9:07am on Thursday 14th of August, 2025 AEST
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Qube Flags $220M Impairments on Moorebank Terminal Amid Weak Volume Outlook
9:07am on Thursday 14th of August, 2025 AEST
Key Points
Impairment of $127.6 million on Qube’s 65% interest in Moorebank Interstate Terminals JV
Fair value reduction of $29.8 million on milestone receivables from ESR
Onerous contract provision of $62 million for increased Stage 1 construction costs
Non-cash adjustments reflect weak medium to long-term volume outlook
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