{"id":142490,"date":"2025-11-19T06:20:07","date_gmt":"2025-11-19T06:20:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/142490\/"},"modified":"2025-11-19T06:20:07","modified_gmt":"2025-11-19T06:20:07","slug":"napier-port-lifts-profit-24-ups-dividend","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/142490\/","title":{"rendered":"Napier Port lifts profit 24%, ups dividend"},"content":{"rendered":"<p class=\"wzdDHKkU\" style=\"display:none\">Revenue rose by 11.6% to $157.7m, led by strong container services volume growth and yield improvements across all trade areas.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">The port\u2019s result from operating activities increased 23.5% to $64.2m.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Looking ahead to 2026, Napier Port forecasts an underlying result in the range of $70m to $74m.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">The final dividend came to 8 cents per share, taking total dividends for the 2025 financial year to 14.5 cents per share, up from 9c for the prior year, and representing a gross dividend yield of 5.9%.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Chair Blair O\u2019Keeffe said it was another step-up in the port\u2019s financial performance.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">\u201cAs the region\u2019s 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,\u201d he said.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Chief executive Todd Dawson said the team responded dynamically to increased container activity and met the challenge of limitations on crane availability during some of the busiest months.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Napier Port is increasing investment in its existing mobile harbour crane fleet and mobile plant replacements.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Container volumes increased by 9.1% to 250k TEU (twenty foot equivalent units) from 230k TEU.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">The increase was driven by higher export timber on Pan Pac\u2019s return to full operations, a stronger apple season and higher transhipment activity following service changes among shipping lines.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Log export volumes fell 5.8% to 2.7 million tonnes as the prior year contained logs sourced from central North Island windthrown forests.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Bulk imports increased 23% to 0.63 million tonnes because of increased fertiliser and oil product imports.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Cruise vessel visits to Napier Port decreased to 78, from 89 vessel calls in the prior year, and contributed $8.3m in revenue \u2013 down 9% on the prior year.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Looking ahead, the 2026 cruise season is set to see fewer cruise vessel visits with 60 current bookings.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">The final settlement of the Cyclone Gabrielle business interruption insurance claim contributed a further $7.5m to earnings in the period, which was partly offset by valuation write-downs of property, plant and equipment.<\/p>\n<p class=\"wzdDHKkU\" style=\"display:none\">Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Revenue rose by 11.6% to $157.7m, led by strong container services volume growth and yield improvements across all&hellip;\n","protected":false},"author":2,"featured_media":142491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2246,2782,96435,138,36354,4568,96436,5345,60724,25619,3607,111,139,69,17695,3074,29268,5340,15267,8037,28175,6123,379],"class_list":["post-142490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-2246","tag-2782","tag-96435","tag-business","tag-dividend","tag-earnings","tag-favourable","tag-increase","tag-lifting","tag-lifts","tag-napier","tag-new-zealand","tag-newzealand","tag-nz","tag-outlook","tag-painting","tag-port","tag-profit","tag-reported","tag-september","tag-ups","tag-while","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/142490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=142490"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/142490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/142491"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=142490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=142490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=142490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}