Port of Auckland beats expectations

A 55% INCREASE in underlying net profit after tax has highlighted Port of Auckland’s 2025 financial results, setting a new record of NZ$85.4 million.

PoA says it has surpassed forecasts, recording revenue of NZ$393 million for the year ended 30 June 2025, up from $339 million in FY24. Statutory NPAT of $90.8 million includes one-off revaluations and other items of $5.4 million in total.   

In recognition of these results, the port will pay a full year trading dividend of $52 million, as well as a $45 million special dividend to Auckland Council following the sale of its stake in Marsden Maritime Holdings, which is being contributed directly to the Auckland Future Fund.  

PoA says it achieved this result by significantly increasing container volumes (highest since 2020), improving safe productivity and building customer confidence in its ability to deliver reliable service. The port also implemented its pricing strategy, which contributed to the strong performance.   

Port of Auckland Chair Jan Dawson said this year had been a defining one for the port as it focused on sustainable growth: “We’ve delivered strong financial results, accelerated infrastructure investment and deepened partnerships with our people, customers and communities – all underpinned by our strategy to strengthen our mana.”  

Container volumes rose by 5%, with customers responding positively to the port’s proximity to market and increased efficiency.  While volumes of some goods – such as vehicles and construction materials – declined, overall company performance remained resilient in a challenging economic environment, PoA said.  

As well as the special dividend to Auckland Council, the port has also paid down $44 million in debt, reinforcing its financial strength ahead of its significant infrastructure investment.  

CFO Andrew Clark said the performance positioned the port well to invest for the future and ensure it can continue to create long-term value for Auckland.   

“I’m proud of the port team that has worked tirelessly to safely deliver a result that returns $1 million a week to Aucklanders through our trading dividend.   

“As we embark on the significant investments planned and lay the foundations for our next 40 years of growth, we remain focused on doing this in a way that will deliver the best outcome for our customers, our team and for Auckland. Our investments today are setting the stage for a stronger, more resilient port, playing a vital role in connecting NZ to the world.  

“Since the end of the financial year we have received fast-track consent for construction of a new berth at the northern end of Bledisloe wharf and to complete Fergusson North wharf [DCN 5 August]. These upgrades will make the port big ship capable, allowing us to accommodate larger vessels and establish Auckland’s newest cruise terminal. They also enable the port to help increase public access to the waterfront while still maintaining efficient port operations.  

“We’ve had a strong year and look forward to another year of safely and reliably delivering for Auckland,” Mr Clark said, in the absence of vacationing CEO Roger Gray. 

In other business highlights, PoA listed: 

•     Measurable improvements in injury prevention with a 20% reduction in high-potential near miss events.
•  Handled 883,516 TEU which is the highest annual volume since 2020.
•  Average on time vessel departures in the Fergusson Container Terminal is up 23%(from 49% to 72%). 
•  Container import dwell times in the Fergusson Terminal averaged 2.0 days and vehicle dwell times in our Multi Cargo Terminal was 2.2 days. 
•  Completed the conversion of the 27 blue straddles to manual operations and these are now all fully operational. 
•  Completed the upgrade of our Fergusson Container Terminal operating system “N4”.