Napier Port upgrades full-year operating forecast, declares special dividend after $7.5m insurance settlement

Napier Port upgrades full-year operating forecast, declares special dividend after $7.5m insurance settlement
The Napier Port container terminal handled 13.9% more containers in the first half of the 2025 financial year. (Image: Napier Port)
Oliver Lewis
Napier Port is paying a special dividend and upgrading its forecast operating results after a strong first half, characterised by increased container volumes.The listed port company announced its results for the six months to March 31 to the NZX on Wednesday, reporting a 10.6% increase in revenue to $78.1 million.Net profit after tax rose 40.8% to $20.2m, however this included a one-off insurance settlement of $7.5m related to damage and business interruption from Cyclone Gabrielle.The port said its result from operating activities increas...

More Economy

‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

August rate cut still on the cards
Economy

August rate cut still on the cards

Annual inflation increased 2.7% in the 12 months to the June quarter. 

Rebecca Howard 21 Jul 2025
Annual inflation up 2.7% in June year
Economy

Annual inflation up 2.7% in June year

Annual inflation slightly lower than economists expected. 

Rebecca Howard 21 Jul 2025
June inflation forecasts approach 3%
Economy

June inflation forecasts approach 3%

Inflation may test the upper limit of the RBNZ's target range. 

Andy Macdonald 21 Jul 2025