Port of Tauranga Limited

Overview

The company was listed in May 1992 following a public issue of 33.6m shares at $1.05, which included a total of 12.6m shares previously owned by the Waikato Regional Council, and coincided with completion of a $53m expansion of port and cargo handling facilities.

The company's business predominantly services the forestry and farming industries in the region. Since listing the company has recorded strong growth in cargo volumes and increasing emphasis on container traffic. Significant recent initiatives have included establishment of Metroport, an inland port in South Auckland for the aggregation and distribution of import/export cargo, a 50:50 joint venture project with Northland Port to develop and operate a new $65m deepwater port (Northport) at Marsden Point in Northland, and acquisition of log handler Owens Services BOP (which operates in 10 ports.

POT derives its revenue through three main streams: port services, rental income and rental from investment properties. Other income also comes from investment dividends and fair value gains (losses).

POT has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted because under the Port Companies Act 1988, changes to POT's Constitution must be approved by the Minister of Transport. For further information, please see the Port Companies Act 1988 which is publicly available at www.legislation.govt.nz.

Performance

The following information was extracted from Port of Tauranga Limited's Full Year Results, released on 28 August 2026:

Port of Tauranga Limited (NZX:POT), New Zealand's largest port, today reported a record underlying profit for the year ended 30 June 2026 following a range of successful yield, cost and productivity initiatives.

Underlying Group Net Profit After Tax increased 23% to a record $155.3 million. Reported Group Net Profit After Tax was $156.1 million, down 10.0% on the prior year's $173.4 million, which had included a $49.2 million one-off gain from the sale of Northport shares.

Total trade decreased 3.0% to 24.6 million tonnes, driven by lower log and coal volumes, while container volumes were steady, increasing 0.4% to 1,213,494 TEUs.

Results summary

 Underlying Group Net Profit After Tax of $155.3 million (up 23% from $126 million)

 Reported Group Net Profit After Tax of $156.1 million (down 10.0% from $173.4 million, which had included a $49.2 million one-off gain)

 Total trade of 24.6 million tonnes (down 3.0%)

 Container volumes of 1,213,494 TEUs2 (up 0.4%)

 Revenue of $486.5 million (up 4.7%)

 EBITDA of $275.7 million (up 17.6%)

 Operating costs of $221.7 million (down 6.2%)

 Imports of 8.7 million tonnes (down 2.3%)

 Exports of 15.9 million tonnes (down 3.3%)

 Total ordinary dividend of 20.5 cents per share (up 22.8%).