2024 Annual Report
The FY24 result reflects the strength of the Kelsian business – Australia’s largest integrated multi-modal transport provider and tourism operator. Kelsian is a diversified, essential transport infrastructure business with a majority of defensive, long term, government-backed service contracts resulting in predictable low-risk earnings and cash flows. During FY24, we materially increased our diversification and contracted revenues, delivering meaningful new earnings in both Australia and the USA.