South Port New Zealand reported a 21% increase in net profit after tax to NZD 16.11 million for the fiscal year ended June 30, 2026, driven by record cargo volumes and higher revenue.
Operating revenue rose 13.5% to NZD 71.85 million, while EBITDA increased 15.7% to NZD 29.89 million, lifting the EBITDA margin to 41.6% from 40.8% a year earlier. Total cargo throughput reached 3.96 million tonnes, up 11.5% and the highest in the company’s recent history. Container volumes surged 21.7% to 660,000 tonnes, equivalent to 62,000 TEU, while bulk volumes grew 7.3% to 2.36 million tonnes.
Ship calls increased 17% to 424, and crane productivity remained steady at 30.0 gross container moves per hour. Tiwai-related volumes rose 16.1% to 941,572 tonnes as the smelter recovered from a 50 MW demand response call in 2025, contributing 24% of total trade. Container revenue reached NZD 17.2 million, with revenue per TEU at NZD 277, while bulk revenue climbed 16% to NZD 35.1 million.
The company declared a final dividend of 20.50 cents per share, bringing the full-year dividend to 29 cents per share, marking the 33rd consecutive year of payouts. Gross debt was maintained at NZD 31.0 million, while net debt fell by NZD 6.4 million to NZD 18.5 million, reducing the net debt-to-EBITDA ratio to 0.6x from 1.0x. Equity grew 13% to NZD 75.2 million, and operating free cash flow rose by NZD 1.5 million to NZD 18.4 million.
CEO Derek Nind described FY26 as a "very strong outcome," citing record volumes, revenue, and profit. CFO Lara Stevens highlighted improved debt metrics and efficient growth as the business leveraged economies of scale. Shares were down modestly at NZD 8.85 in late trading, reflecting a 0.56% decline.
