KiwiRail announced solid FY25 results with an operating surplus of $111 million, freight expansion, and new infrastructure initiatives solidifying its long-term future and backing New Zealand’s economy.

This is reported by the railway transport news portal Railway Supply.

KiwiRail strengthens growth with FY25 financial results
Photo: www.kiwirail.co.nz

KiwiRail powers freight and passenger performance

The operator increased freight volumes by 2.7 percent and achieved a 45-point gain in customer satisfaction measures. Interiswalker decreased cancelled sailings by 40 percent excluding weather and increased commercial vehicle market share.

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The passenger business of scenic railway recorded a 28 percent revenue growth, despite the slower-than-anticipated recovery of inbound tourism. Property operations recorded stable performances, while infrastructure recorded significant upgrades, including track upgrades and improvements to the signaling.

KiwiRail invests money into track and safety priorities

Capital investment increased to $1.1 billion, financing projects including the Hillside and Waltham depots, the Wiri–Quay Park “third main,” and electrification of the line between Papakura–Pukekohe. Such projects increased resilience and increased network capacity.

The new interim operating chair, Rob Jager, emphasized improvements in customer service and strategy but conceded that safety results need to improve. Reported injuries decreased by 18 percent, serious close calls by 19 percent, and the frequency of injuries by 7 percent.

Chief Executive Peter Reidy stressed resilience through mill downfalls, decreasing coal capacity, and the closure of the Tawhai Tunnel. When the tunnel re-opened and exports rebounded, customers came back to the railway, supporting second-half recovery.

Source: www.railexpress.com.au

News on railway transport, industry, and railway technologies from Railway Supply that you might have missed:

What are the new KiwiRail FY25 results?

KiwiRail recorded an operating surplus of $111 million, 2.7 percent freight growth, and $1.1 invested to upgrade infrastructure. For more information, please visit the company’s main website.

How is KiwiRail enhancing safety performance?

KiwiRail decreased overall injuries by 18 percent, lower high-risk near misses by 19 percent, and bettered damage frequency rates by 7 percent with safer systems and culture.

KiwiRail closed which significant projects during FY25?

The projects included the Waltham and Hillside depots, the Wiri–Quay Park “third main” line, and electrification between Papakura and Pukekohe, and enhance resilience and enable future growth.

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