PORT of Auckland says it is on track to meet its performance targets following a strong first half to the 2026 financial year.
Strong revenue performance was driven largely by increased volumes in the container terminal with an average of 16,800 TEU per week, and car import volumes rebounding, up 22% on the same time last year.
In addition to the increased volume, the port’s performance was supported by disciplined operating expense management, with direct costs down 3% on the same time last year, the port said.
Following the delivery of the improved first half, the Port of Auckland Board has declared an interim dividend of NZ$26 million to Auckland Council.
Underlying net profit after tax (UNPAT) was NZ$53.8 million, up $11.8 million, or 28.1% on the comparable prior period. Revenue was $204.3 million for the half, up $8.8 million, or 4.5% on the first half of FY25. Statutory net profit after tax (NPAT) was $59.6m, which included the sale of Nexus Logistics to Qube Holdings. During the first half Port of Auckland spent $54.9 million on capital improvements.
Half year throughput was strong with close to 500,000 TEU, 1.7m tonnes of bulk and breakbulk and 100,000 vehicles. Operations are on track with vehicle dwell times of 1.5 days, container dwell times of 1.9 days.
“I’m proud of the hard work and discipline our team has shown to safely deliver these results for the first six months of FY26,” said CEO Roger Gray. “The team is managing the higher volumes for our customers safely, while keeping a tight rein on costs. There are clear signs of a strengthening economy, and we’re set to support this and deliver strong outcomes for the people of Auckland.
“Our safety metrics for the six months exceeded expectations, however, we are conscious of the need to remain focused on critical risks and continual improvement.
“Beyond the commercial momentum we’re getting on with our generational $200+ million investment in infrastructure, the shipping channel and the space entrusted to us by ratepayers.
“Our fast track consented new big ship wharf at Bledisloe North, and the Auckland International Cruise Terminal, are both on track with completion set for early 2027. We’re also nearing completion of the reclamation at the container terminal, with the extension of the Fergusson North wharf set to commence once this is completed later this year. These upgrades will benefit shipping lines by creating more space for our team to work larger vessels.
“Our people are also the beneficiary of our infrastructure programme, with our $22 million investment in our head office and satellite facilities across the port,” Mr Gray said.