Port of Auckland more than doubles its full year profit

Thursday, 28 August 2025

Container volumes at Port of Auckland have increased 5% year-on-year.

Port of Auckland has reported a profit after tax of $90.8 million for the year to June 30, up from $35.9m on last year.

Chief financial officer Andrew Clark said the company was trying to build a diversified and resilient business, “and you can see that coming through, where, despite some of the trades struggling a bit because of the wider economic situation, we've been able to deliver a lift in our profit”.

Revenue of $393m was up from $339m.

Since balance date the port had received fast-track consent to construct a new berth at the northern end of Bledisloe Wharf and to complete Fergusson North Wharf to make the port “big ship capable”. That would allow the port to accommodate larger cruise ships at a new cruise terminal.

Bledisloe Wharf would be extended and dredged to allow for cruise ships, and a new passenger processing facility built. Pubic access to the port would also be increased, Clark said.

Larger cruise ships such as the The Ovation of the Seas (pictured) will soon dock at a new berth and passenger processing facility.

A full year trading dividend of $52m would be paid to Auckland Council as owner of the port, as well as a $45m special dividend following the sale of its stake in Marsden Maritime Holdings. That money would go to the Auckland Future Fund.

The port had increased container volumes and improved productivity, he said.

Container volumes had lifted 5% year-on-year to just under 900,000 TEU (twenty foot equivalent), up from 883,000 TEU last year.

The vehicle trade was down 17% year-on-year with just 172,000 light cars crossing the wharf last year - the the lowest number since 2013, Clarke said.

But there were early signs of a pick up in the rural economy on the back of healthy dairy prices and export volumes of dairy, red meat and horticulture products. That had led to a lift in vehicle trade in particular. “We are seeing lots of tractors and and heavy equipment starting to come across the wharf.”

However, imports of construction material continued to struggle with cement down 6% and also steel.

As predominately a receiver of import the company had not been materially affected by the Trump regime’s tariffs.

Clark said the result positioned the port to invest for the future and ensured it could continue to create long-term value for the city.