South Port New Zealand raises earnings forecast

South Port New Zealand has revised its full-year earnings guidance for the 2025 financial year, now expecting to exceed $12.5 million.

The company had previously indicated, at the annual shareholders meeting in October 2024, that its earnings for the year would be in the range of $9.3m to $10.3m.

The updated guidance is attributed to higher-than-expected bulk and containerised volumes being handled in the last quarter.

South Port New Zealand said the strong dairy sector and the recovery of forestry exports in the southern region contributed to this positive outcome.