Aurizon: 2025 Sustainability Report

2025

Sustainability Report

Delivering for a sustainable future

Contents

Managing Director and CEO message

What we do

Governance and risk

What we haul

Climate change

Sustainability metrics

Statement of external assurance

No reliance on this document

This document was prepared by Aurizon Holdings Limited (ACN 146 335 622) (referred to as "Aurizon" which includes its related bodies corporate (including Aurizon Operations Limited)). Whilst Aurizon has endeavoured to

ensure the accuracy of the information contained in this document at the date of publication, it may contain information (including third party information) that has not been independently verified. Aurizon makes no representation or warranty or undertaking, express or implied

in relation to, and accepts no responsibility or liability (whether for negligence, under statute or otherwise) as to the accuracy, completeness or reasonableness of the information, statements, opinions or matters (express or implied),

arising out of, contained in or derived from this document or reliability of any of the information contained in this document.

Aurizon owes you no duty, whether in contract or tort or under statute or otherwise, with respect to or in connection with this document, or any part thereof, including any implied representations or otherwise that may arise from this document. Any reliance is entirely at your own risk.

This document contains information in a summary form only and does not purport to be complete and is qualified in its entirety by, and should be read in conjunction with, all of the information which Aurizon files with the

Australian Securities Exchange. Any information or opinions expressed in this document are subject to change without notice. Aurizon is not under any obligation to update or keep current the information contained within this document. Information contained in this document may have changed since its date of publication.

This document is not intended to be, and should not be considered to be, investment advice by Aurizon nor a recommendation to invest in Aurizon. The information provided in this document has been prepared for general informational purposes only without taking into account the recipient's investment objectives, financial circumstances, taxation position or particular needs. Each recipient to whom this document is made available must make its

own independent assessment of Aurizon after making such investigations and taking such advice as it deems necessary.

If the recipient is in any doubts about any of the information contained in this document, the recipient should obtain independent professional advice.

This document also describes Aurizon's approach to scenario analysis of long-term coal scenarios, bulk scenarios, containerised freight scenarios and Environmental, Social, and Governance (ESG) targets. The scenario analysis that informs this document was undertaken by Aurizon. The scenario analysis is based on the information available at the date of this document and/or the date of Aurizon's planning processes or scenario analysis processes. There are inherent limitations with scenario analysis and it is difficult to predict which, if any, of the scenarios might eventuate. Scenarios are neither predictions nor forecasts and do not constitute definitive outcomes

for Aurizon. We do not assign probabilities and future performance may be outside of the ranges presented. Scenario analysis and the outcomes of those scenarios rely on

assumptions that may or may not be correct or eventuate or be impacted by additional factors to the assumptions disclosed.

This document contains "forward-looking statements". The words "expect", "anticipate", "likely", "intend", "should", "could", "may",

"predict", "plan", "propose", "will", "believe",

"forecast", "estimate", "goals", "aims", "target", "may imply" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance or outlook on, future states of affairs are also forward-looking statements. The forward- looking statements are

not based on historical facts, but rather on current beliefs, assumptions, expectations, estimates

and projections of Aurizon. Accordingly, these statements are subject to significant business, economic and competitive risks, uncertainties and contingencies associated with the business of Aurizon (both known and unknown) which may be beyond the control of Aurizon, which could cause actual results, developments or trends

to differ materially, including but not limited to competition, industry downturns, inability to enforce contractual and other arrangements, legislative and regulatory changes, sovereign and political risks, ability to meet funding

requirements, dependence on key personnel and other market and economic factors.

Neither these statements nor past performance are guarantees, predictions or indications of future performance. Except as required by applicable regulations or by law, Aurizon is not under any obligation to update these forward-looking statements (or scenario analysis) to reflect events or circumstances that arise after publication. Aurizon makes no representations as to the accuracy or completeness of any such statement or that any scenarios discussed will be achieved. Aurizon cautions against reliance on any forward-looking statements or guidance.

Aurizon has prepared this document based on information available to it at the time of preparation, including from sources believed to be reliable, and subject to the qualifications in this document. The recipient acknowledges and agrees to the maximum extent permitted by law in each relevant jurisdiction, Aurizon and its directors, officers, employees, agents, contractors, advisers and any other person associated with the preparation of this document are not liable to the recipient of this document, including without limitation any liability arising from fault or negligence, for any errors or misstatements in, or omissions from, this document or for any direct, indirect or consequential loss howsoever arising from the use or reliance upon the whole or any part of this document or otherwise arising in connection with it.

Managing Director and CEO message

Managing Director And CEO

Aurizon remains committed to embedding sustainability into our decision-making, investment planning and risk management.

On behalf of Aurizon, I am pleased to present our 2025 Sustainability Report, which outlines the progress we've made in delivering sustainable value across our operations, communities, and supply chains. This report reflects our ongoing commitment to transparency and accountability in Environmental, Social

and Governance (ESG) performance, and complements our Climate Strategy and Action Plan available on our website.

As Australia's largest rail freight operator, Aurizon continues to play a critical role in enabling low-carbon transport solutions and supporting the transition to a more sustainable economy. We remain focused on achieving net-zero operational

emissions by 2050, and are investing in the capabilities and partnerships that will help us get there.

A standout example this year is our new logistics partnership with BHP Copper

South Australia, which marks Australia's largest ever road-to-rail conversion for a major minerals project. This contract

will shift copper concentrate and cathode transport from road to rail between Pimba and Port Adelaide, replacing an estimated 13 million kilometres of truck movements annually. The partnership enhances road safety and reduces emissions, reflecting our strategic focus on future-facing commodities and demonstrating the strength of our Bulk business in delivering scalable, long-distance freight solutions.

Safety remains a core priority. In FY2025, we progressed the staged implementation of TrainGuard in our Central Queensland coal operations. We also launched a

new phase of our level crossing safety campaign, releasing a video titled 1.2.3.Brace, featuring Aurizon drivers sharing their personal experiences.

These powerful messages urge the community to take greater care around level crossings. We continue to advocate for collective action and investment across industry, government and communities

to improve safety outcomes at level crossings nationwide.

We are proud of our contribution to the communities where we operate.

Through our Community Giving Fund, we supported 46 charities this year, and we also continue to build our partnerships with organisations such

as Orange Sky, the Clontarf Foundation, Firebirds and WattleNest. In FY2025, we also advanced our reconciliation journey with initiatives that support First Nations peoples, businesses and communities.

Aurizon remains committed to embedding sustainability into our decision-making, investment planning and risk management. We recognise the importance of climate resilience, and continue to assess and adapt

our infrastructure and operations to withstand physical climate risks.

We remain committed to building a sustainable future for our customers, communities and stakeholders. Our focus continues to be on growing Aurizon responsibly, delivering longterm value, and making a positive impact through everything we do.

What we do

Aurizon (ASX: AZJ) is Australia's largest rail-based transport business.

Aurizon is Australia's largest rail freight operator. Our rail, road and ports infrastructure includes a fleet of over 700 locomotives, 15,000 wagons, and 5,000 kilometres of rail infrastructure.

Mullewa

Morawa

Perenjori

Leonora

SOUTH AUSTRALIA

Thallon

Kwinana

Thevenard

Port Augusta

Whyalla

NEW SOUTH WALES

Broken Hill Cobar

Ivanhoe

Moree

Gunnedah

Hermidale

Parkes

Port Pirie

Newcastle

Wollongong

Albany

Wagga Wagga Canberra

Dimboola

VICTORIA

Longreach

Katherine

Cairns

Port Hedland

Dampier

NORTHERN TERRITORY

Tennant Creek

Mount Isa Cloncurry

Hughenden

Bowen

Phosphate Hill Winton

Blackwater Rockhampton

Emerald

WESTERN AUSTRALIA

Moura

Gladstone

Bundaberg

QUEENSLAND

Gympie

Roma

Toowoomba

Aurizon Operations

Coal, Bulk and Containerised Freight

Aurizon Network

Central Queensland Coal Network (CQCN)

TASMANIA

South Australia and Northern Territory Network

Aurizon Port Services (APS) site