The news: Logistics business Qube has reported full-year net profit after tax of $51 million, a 77% decrease on the preceding year's $221.9 million as the company amid an impairment to its interest in the Moorbank Interstate Terminals joint venture.

The numbers: EBITDA for FY25 came in at $586.5 million, which is 8.1% lower than the $606.9 million reported in the previous year and behind the consensus estimate of $592.5 million, according to Visible Alpha.

Last week, Qube flagged a $127.6 million impairment on its joint venture interest in Moorbank Interstate Terminals (MITCo), reducing its carrying value to nil, alongside other material adjustments relating to the project.

Full-year distributions per share came in at 9.8 cents per share, a 7.1% increase on the previous year and ahead of the expected 9.11 cents.