Port of Tauranga posts strong half-year profit, fuelled by higher cargo volumes from import rebound.
For the six months ended in December, Port of Tauranga reported key financial metrics compared to the prior year. Net profit rose to $70.2 million from $60.2 million, while revenue increased to $244 million from $225 million.
Cargo volumes also grew slightly to 12.6 million tonnes from 12.4 million tonnes, with the company forecasting a full-year underlying profit between $142 million and $152 million, up from $126 million in 2025.
“Export volumes were affected by subdued export log demand and a later-than-usual start to the dairy export season; this was offset by strong import demand and improved performance across our subsidiary and joint venture businesses,” Port of Tauranga chairperson Julia Hoare said.
Cargo volumes increased by just over 1%, while container handling rose nearly 3%.
Export volumes dipped slightly due to a delayed dairy season start and reduced log exports, but a strengthening economy boosted import volumes.
The port’s subsidiaries—including stakes in Timaru Port, Northport, inland cargo hubs, and logistics—boosted their contributions by more than a quarter to $6.2 million.
Port of Tauranga chief executive Leonard Sampson noted that the port is investing significant effort in enhancing its resilience and efficiency.
“We are investing in capacity, improving productivity and service delivery to our customers, as well as expanding our network to prepare for future growth.”
Efforts include faster container handling, process automation, new equipment and tug acquisitions, and harbour dredging to accommodate larger ships.
The port anticipates the first half’s momentum will carry through the rest of the year.