South Port New Zealand has reported a significant increase in financial performance for the first half of the 2025 financial year, driven by higher bulk cargo volumes.
The port's net profit after tax for the six-month period was $5.76 million, compared to $3.03m in the same period last year.
The increase in cargo activity was attributed to various factors, including the wet spring in the southern region, which led to higher supplementary feed imports and a rebound in fertiliser import volumes.
The forestry sector also showed signs of recovery, with increased exports of logs and woodchips.
However, the temporary closure of a potline manufacturing aluminium at New Zealand Aluminium Smelter resulted in a decrease in raw material imports and aluminium exports.
South Port expects its full-year earnings to be above the previous range of $9.3m to $10.3m.
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