• 3 min de lectura
• 3 min de lectura
Port of Tauranga Limited, New Zealand's largest port, announced a record underlying profit for the year ended June 30, 2026, following a series of successful performance, cost, and productivity initiatives. The group's underlying net profit after tax increased by 23% to a record USD 90.45 million.
The reported group net profit after tax was USD 90.91 million, 10.0% lower than the previous year, which included an extraordinary gain of USD 28.65 million from the sale of Northport shares.
Total trade decreased by 3.0% to 24.6 million tonnes, due to reduced timber and coal volumes, while container trade remained stable, increasing by 0.4% to 1,213,494 TEUs.
Revenue was USD 283.33 million (up 4.7%); EBITDA was USD 160.56 million (up 17.6%); operating costs were USD 129.12 million (down 6.2%); and a total ordinary dividend of USD 0.12 per share (up 22.8%).
Port of Tauranga Chair, Julia Hoare, stated that the record result reflected the resilience of the company and its people, thanks to the successful implementation of performance and cost initiatives, along with productivity improvements. "This is a strong result, achieved against a backdrop of challenging economic conditions, lower trade volumes, and ongoing berth capacity constraints," she said.
"The reported profit includes the one-off positive impact from the repositioning of two properties for sale. The previous year's reported profit included an extraordinary gain from the creation of the Northport Group, which has exceeded initial expectations and welcomed its new CEO, Rhys Jones, on July 1. The strengthening of the business has allowed directors to declare a 22.8% increase in dividends for the full financial year," Hoare added.
Port of Tauranga Chief Executive, Leonard Sampson, stated that increased productivity was one of the highlights of the year.
"We are seeing significant improvements in service delivery to our customers, with a 9.9% increase in our average crane productivity, reaching 30.8 movements per hour, and a 13.6% increase in vessel movement rate, reaching 76.5 movements per hour. These improvements were supported by an increase in vessel arrival punctuality, which rose from 62% to 71% compared to the previous year," Sampson added.
Total export volumes decreased by 3.3% to 15.9 million tonnes, and imports decreased by 2.3% to 8.7 million tonnes, both affected by reduced timber and coal volumes.
Container volumes remained stable at 1.21 million TEUs, up 0.4% from the previous year. Exports grew by 2.4% to 512,765 TEUs, while imports rose by 2.5% to 411,340 TEUs. Transshipment container volumes decreased by 5.5% during the year, due to changes in shipping services and berth capacity constraints in Tauranga.
Log export volumes fell by 8.1% to 5.8 million tonnes, as increased fuel costs caused by the conflict with Iran led some exporters to reduce logging in the second half of the fiscal year.
Direct dairy exports increased by 3.9% to 2 million tonnes, while kiwifruit exports grew by 8.5%, recording a record volume, and this growth is expected to continue. Dairy and kiwifruit contributed to a record amount of refrigerated containers for export.
Petroleum product imports decreased by 2.4%, while fertilizer and feed imports increased by 1.2% and 0.6% respectively. The volume of coal imported by Genesis Energy decreased by 64.8% due to the stabilization of reserves at the Huntly power station and hydroelectric generation in the South Island covering winter demand.
Ship visits increased by three to 1,445, while cruise ship visits fell by 16.0% to 79, consistent with the national trend.
