-- Qube Holdings (ASX:QUB) expects AU$10 million to AU$20 Million impact to its earnings in fiscal 2026 due to the conflict in the Middle East, according to a Monday Australian bourse filing.
The impact will be driven by higher fuel costs, lower agri volumes due to higher shipping costs and inability of vessels to reach key markets in the Middle East, as well as lower forestry exports due to higher shipping costs.
The largest earnings impact is expected to be in the logistics and infrastructure business unit, with a more limited impact on the ports and bulk business unit.
The company continues to expect to deliver underlying earnings growth in fiscal 2026.