Port of Auckland reports $42m first-half profit as it readies for major wharf projects

Port of Auckland is seeking consent for two wharf projects to future-proof its operations. (Image: POAL)

Wed, 26 Feb 2025

Port of Auckland has upgraded its full-year guidance on the back of a strong first-half result as it prepares for a major capital works programme. The Auckland Council-owned port reported underlying net profit after tax (npat) of $42 million for the six months ending Dec 31, up $20.8m or 98% on the prior comparable period.Revenue was up 20% to $195.4, and the port declared an interim dividend of $25m.Referring to the dividend, Port of Auckland (POAL) chief executive Roger Gray said: “Our interim results and dividend show we are well...

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