South Port reports record profit in 2025

South Port New Zealand has reported a record net profit after tax for the 2025 financial year.

The company's strong performance was driven by increased bulk cargo and stable container volumes, which offset reduced activity at the Tiwai wharf.

Bulk cargo volumes rose by 12.5% to 3 million tonnes, while container volumes increased by 1% to 52,300 twenty-foot equivalent units (TEU).

However, Tiwai volumes decreased by 20% to 811,000 tonnes.

Total revenue was up 13% to $63.3 million, and earnings before interest, tax, depreciation, and amortisation (ebitda) increased by 21% to $25.8m.

The company had a record net profit of $13.3m, up 81% from the previous year.

South Port's debt-to-ebitda ratio improved to 1.0x from 1.6x.

The board declared a final dividend of 20.5 cents per share, bringing the total dividend for the year to 28cps.

Looking ahead, South Port anticipates continued strength in bulk cargo and expects Tiwai volumes to recover to normal levels.