CENTREPORT Wellington says a continued focus on efficiency, with a customer centric approach, continues to drive success running ahead of the plan set following the 2016 Kaikōura earthquake.
As a result, CentrePort ended FY25 with an Underlying NPAT of NZ$17.6 million, up 20% on the previous year’s result of $14.6 million.
CentrePort’s Board chair, Lachie Johnstone, said the achievement was due to the port following that clear plan, which had created a momentum that has seen 30% compounded annual growth in the underlying NPAT since FY22.
“We have focused on the long-term sustainability of the business as a full-service port, for the benefits of our customers and the regions we serve, along with the critical supply chain link of the Cook Strait.
“That plan, which we have followed and continue to deliver to, set us on a path to not only reinstate the port, but provides our customers solutions which maximise our existing efficiency and capacity. This continues to be independently verified where CentrePort is ranked by the Work Bank’s Container Port Performance Index as the leading port in Oceania.”
Mr Johnstone said people had “started to take notice of what we’re doing and seeing that we offer a valuable alternative to get their goods to/from market. We’ve gained new customers and confirmed two new shipping lines already for FY26.
“This proves that our innovation, efficiency and customer centric culture can achieve results despite the current state of the domestic economy, and continued supply chain challenges,” Mr Johnstone said. We’ve continued to challenge ourselves and as a result have provided $11.0 million in dividends to our shareholders in FY25, $3.5 million more than FY24."