Port of Tauranga Limited has announced strong financial results for the year, with revenue increasing by 11.3% to $464.7 million. The company achieved an underlying group net profit after tax of $126.0 million, marking a 23% increase compared to the previous year. Total trade at New Zealand's busiest port rose by 7% to 25.3 million tonnes, with container volumes increasing by 5.3% to 1.2 million TEUs. Operating costs saw an 8.1% rise, reaching $236.3 million, while earnings before interest, tax, depreciation, and amortisation (EBITDA) climbed 15.1% to $234.5 million. Subsidiary and associate company earnings grew by 15.6% to $10.9 million, despite some associate ports experiencing lower cargo volumes. The Board of Directors declared a final dividend of 9.7 cents per share, bringing the total dividend for FY25 to 16.7 cents per share, reflecting robust financial performance. Export volumes were notably strong, with dairy volumes increasing by 2.1% to 2.1 million tonnes and meat exports rising by 9.6% to 0.8 million tonnes. The new financial year has commenced positively, although the Stella Passage development faces delays due to a judicial review halting the fast-track process. Port of Tauranga plans to provide earnings guidance for the 2026 financial year at the upcoming Annual Meeting of Shareholders on 31 October.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Port of Tauranga Limited published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.
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