Integrated Report

The report presents KiwiRail's first year under the new rail-network funding model, with group external revenue of $851.0m and an operating surplus of $133.9 million. It highlights 4500 employees, a 23.2 per cent reduction in the Total Recordable Injuries Frequency Rate, and carbon targets to reduce emissions by 30 per cent by 2030 and reach net zero carbon by 2050. Major investments include low-emission locomotives, hybrid ferries and rail-network resilience.