Napier Port announced a 24.4% rise in net profit for the September year, alongside an increase in its dividend and a positive earnings forecast for 2026.
The company’s net profit increased by 24.4%, reaching $30.9 million.
Napier Port said it is well placed for further growth through ongoing investment in enhancing its operating capability and capacity.
Revenue increased by 11.6% to $157.7 million, driven by strong growth in container services volume and improved yields across all trade sectors. The port’s operating profit grew by 23.5%, reaching $64.2 million.
Looking forward to 2026, Napier Port projects an underlying result between $70 million and $74 million.
The final dividend was 8 cents per share, bringing total dividends for the 2025 financial year to 14.5 cents per share, up from 9 cents the previous year, resulting in a gross dividend yield of 5.9%.
“As the region’s post-Cyclone Gabrielle recovery continued during the year, together with a favourable growing season, container cargo volumes have grown, and the operating leverage developed over recent challenging years saw a set of milestone financial results achieved,” Napier Port chair Blair O’Keeffe said.
Meanwhile, chief executive Todd Dawson said the team adapted quickly to the surge in container activity and overcame challenges due to limited crane availability during peak months.
Container volumes rose by 9.1% to 250k TEU (twenty-foot equivalent units), up from 230k TEU. This growth was fuelled by increased export timber as Pan Pac resumed full operations, a strong apple season, and heightened transshipment activity due to shipping line service changes.