Latest Credit Ratings News

Dalrymple Bay Infrastructure Limited (DBI) reports a strong first half of 2025 with increased funds from operations and distributions, underpinned by a stable, inflation-linked revenue model and significant capital investment in terminal maintenance and expansion.

Liberty Financial Group reported a 16% rise in statutory net profit after tax for FY25, alongside a 10% increase in underlying earnings, while maintaining stable loan growth and strong capital positions.

Dalrymple Bay Infrastructure Limited reports solid half-year financial gains with increased revenue and profits, alongside a rise in terminal charges and reaffirmed distribution guidance.

Qube Holdings delivered a robust FY25 performance with underlying revenue up 27.3% and a 7.1% dividend increase, despite a significant impairment of its MITCo investment. The company’s diversified logistics and grain trading operations powered growth amid industrial and weather challenges.

National Storage REIT reported a robust FY25 with a $236.1 million profit and a growing portfolio of 274 centres, underpinned by strong capital partnerships and a strategic marketing push. The company sets an optimistic outlook for FY26, targeting higher earnings and distributions.

National Storage REIT delivered a solid FY25 with a 6.4% rise in underlying earnings and a robust $303 million acquisition spree, underpinning its growth ambitions amid a strong development pipeline.

Brambles Limited reported a robust 10% increase in underlying profit for FY25, driven by sales growth and asset efficiency, while announcing a US$400 million share buy-back for FY26. The company also outlined a positive outlook with continued digital transformation and sustainability progress.

Brambles Limited reported a solid FY25 with a 3% rise in sales revenue and a 10% increase in underlying profit, alongside progress on sustainability targets and a renewed board.

Auckland International Airport reported a 12% revenue increase to NZD 1 billion and a 12% rise in underlying profit, driven by growing passenger numbers and strong commercial performance. The airport is progressing a major infrastructure program while achieving significant emissions reductions.

Transurban reports solid FY25 results with rising toll revenue, improved EBITDA margins, and strong free cash flow, while advancing key infrastructure projects and navigating NSW Toll Reform.

Transurban Group reported a 5.6% rise in proportional toll revenue and a 7.4% increase in operating EBITDA for FY25, despite a significant profit decline due to litigation and restructuring costs. The company’s distribution grew 4.8%, supported by strong free cash flow, as key infrastructure projects near completion.

APA Group reported a robust FY25 with underlying EBITDA rising 6.4% to $2.015 billion and distribution per security increasing by 1 cent to 57.0 cps, underpinned by resilient operations and strategic growth initiatives.