Napier Port announces strong earnings, special dividend, share buyback

Napier Port (NZX:NPH), the key freight gateway for the central and lower North Island, has announced a strong set of financial results for the half-year ended March 31, 2025, underpinned by a 13.9% surge in container volumes, increased DLR and transshipment activity, and disciplined cost management. Revenue rose by 10.6% to NZD 78.1 million, while underlying net profit after tax increased by 33.4% to NZD 14.8 million. Reported net profit after tax increased 40.8% to NZD 20.2 million, which included a NZD 7.5 million contribution from the final settlement of the Cyclone Gabrielle insurance claim.