Qube Logistics stock exits the ASX after takeover

Published on 10/07/2026 at 02:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qube Logistics stock left the ASX on August 17, 2026, after a Macquarie-led acquisition. A critical-minerals shipment adds a new operating milestone.

Qube Logistics, AU000000QUB5, Illustration mit AI erstellt.

Qube Logistics stock (ISIN AU000000QUB5) became a private-company holding when Qube Holdings was delisted from the Australian Securities Exchange on August 17, 2026. Qube says all shares were acquired by Rubik Australia Pty Limited, a company owned by the Macquarie Asset Management consortium.

Takeover ended the public listing

The delisting changes the central investor question. Daily price movements and analyst targets have given way to the operating performance of a privately held logistics group, while the company continues to work across ports, terminals, rail and freight forwarding.

Multiples reports that Macquarie Asset Management acquired Qube Holdings on February 17, 2026, for 8.3 billion, implying a 2.6 times revenue multiple. The same profile identifies ASX: QUB as the former listing and records August 2026 as the last month in which the company traded publicly.

The historical operating figures in that profile put last-twelve-month revenue at 3.4 billion and EBITDA at 462 million as of August 2026, with an EBITDA margin of 14 percent. Those figures describe the company before its private ownership and are not a current public-market quotation.

Critical minerals add an operating milestone

On October 5, 2026, Port of Melbourne said Qube was part of a rail and port project at Appleton Dock designed to move critical minerals from the Qube Ultima Intermodal Terminal to vessels.

The first rail shipment departed on September 28, 2026. The project connects Qube's rail infrastructure with dry-bulk handling upgrades, giving the company a concrete role in a new mineral-sands export chain rather than a purely container-focused logistics narrative.

Private ownership shifts the benchmark

The DCN reports that Qube holds the head logistics contract for the mineral-sands movement, using Rotabox half-height containers and rail transport to Appleton Dock. Another shipment was expected in November 2026 after stockpiles were rebuilt.

For investors who followed Qube as an ASX company, the 2.6 times acquisition multiple and the 14 percent historical EBITDA margin now provide transaction context rather than a live valuation screen. The October 5 logistics update instead shows where the business is still expanding operationally.

Qube Logistics stock is now private

Qube Logistics stock no longer has a current ASX price because Qube Holdings completed its transition to private ownership on August 17, 2026. Its next market reference is the operating record of the logistics network and the assets supporting new freight flows.