KiwiRail tracks $162m surplus as freight revenues jump 11%
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3 Articles
New Zealand's state-owned railway operator, KiwiRail, reported an operating surplus of 161.7 million New Zealand dollars for the financial year 2026. Despite exceeding its target of 160 million dollars as stated in its Corporate Intent Statement, the company reported a net loss of 1.41 billion dollars, impacted by impairment expenses of 1.75 billion dollars. For the financial year ending June 30, 2026, KiwiRail's operating surplus was...
KiwiRail steamrolls the naysayers again
Rail Minister Winston Peters welcomed State Owned Enterprise KiwiRail’s annual result today and issued congratulations to every rail worker, including Board Chair Suzanne Tindal, the newest apprentices, and everyone in between. “KiwiRail reported a $162 million operating surplus and an 11 percent growth in rail freight revenues in the financial year to 30 June 2026,” Mr Peters says. “Rail freight volumes increased by three percent and total frei…
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