Port of Tauranga Limited (NZX:POT) today reported strong first quarter results, with cargo volumes increasing in the first three months of the 2026 financial year.
In the three months to 30 September, total trade increased 5.9% in volume compared to the same period last year, to 6.6 million tonnes.
Container volumes increased 9% to 319,649 TEUs[1].
Port of Tauranga Chief Executive, Leonard Sampson, told the company’s Annual Meeting of Shareholders today that the first quarter’s strong performance was underpinned by increased bulk imports and containerised export transhipment.
“It is pleasing to see increased cargo volumes despite the berth capacity constraints we are currently seeing at the container terminal. We continue to focus on productivity gains to ensure we are offering the best possible service at New Zealand’s busiest port,” he said.
Based on the first quarter results, and notwithstanding any significant changes to market conditions, Port of Tauranga expects full year underlying Net Profit After Tax[2] to be in the range of $137 million to $147 million.
[1] TEUs = twenty foot equivalent units, a standard measure of shipping containers
[2] Underlying NPAT is a non-GAAP (Generally Accepted Accounting Principles) measure and differs from reported NZ IFRS profit for the year. Underlying NPAT excludes items considered to be one-off and not related to core business such as revaluations, impairments and gains or losses from the sale of major assets.
For more information, please contact:
Rochelle Lockley
GM Communications
021 865 884
Email rochelle.lockley@port-tauranga.co.nz
[1] TEUs = twenty foot equivalent units, a standard measure of shipping containers
[1] Underlying NPAT is a non-GAAP (Generally Accepted Accounting Principles) measure and differs from reported NZ IFRS profit for the year. Underlying NPAT excludes items considered to be one-off and not related to core business such as revaluations, impairments and gains or losses from the sale of major assets.
