Highlights

  • Port of Tauranga (NZX:POT) reported record underlying NPAT of $155.3 million for FY26, supported by productivity initiatives.
  • Revenue increased 4.7% to $486.5 million, while container volumes remained stable at over 1.2 million TEUs.
  • The company continues investing in capacity expansion, including the Stella Passage development and operational improvements.

Port of Tauranga (NZX:POT), New Zealand’s largest port, has reported a record underlying financial performance for the year ended 30 June 2026, supported by productivity improvements, cost initiatives and resilient trade activity. The company delivered underlying Group net profit after tax of $155.3 million, an increase of 23% compared with the previous year. Revenue increased to $486.5 million, while EBITDA rose to $275.7 million. Although total trade volumes declined due to lower log and coal volumes, container activity remained stable. The company is continuing to invest in infrastructure and operational improvements to support future growth and strengthen its position as a key trade gateway.

Productivity Improvements Support Financial Performance

Port of Tauranga’s FY26 performance was supported by improved operational efficiency, pricing initiatives and cost management. The company achieved higher underlying Earnings despite a decline in total trade volumes, which decreased 3.0% to 24.6 million tonnes due to lower log and coal volumes. Container volumes remained relatively stable, increasing 0.4% to 1,213,494 TEUs.

The port improved key productivity measures during the year, including higher crane and ship productivity, helping enhance service delivery. Operating costs declined, while revenue growth was supported by Tariff initiatives, infrastructure charges and increased rental and marine income. The company also increased its ordinary dividend, with total dividends reaching 20.5 cents per share for FY26.

Strategic Investments Support Future Capacity Growth

Port of Tauranga continues to focus on long-term capacity expansion through infrastructure projects and operational enhancements. The company is progressing the Stella Passage development, which is expected to support larger vessel access, improve capacity and create further opportunities for trade growth once completed.

The company is also investing in productivity initiatives, including improvements across container handling and logistics operations. Port of Tauranga expects continued earnings growth supported by resilient cargo volumes, improving productivity and ongoing Demand from New Zealand’s Import and export sectors. However, capacity constraints remain until major expansion projects are completed, while global trade conditions, fuel costs and geopolitical uncertainty continue to influence operating conditions.