Latest news with #NapierPort
RNZ News
14-08-2025
- Business
- RNZ News
Cruise ship season sinking fast
business tourism 27 minutes ago Napier Port has revealed its cruise ship revenue is down nearly 10%. Bookings for the upcoming season that starts in October are headed in the same direction. Cruise ship numbers in the Bay of Island have almost halved from the peak two years ago. Meanwhile, Disney Cruise Line has confirmed it will only be sailing to to New Zealand up until February 2026. New Zealand Cruise Association chief executive Jacqui Lloyd spoke to Lisa Owen.
NZ Herald
13-08-2025
- Business
- NZ Herald
Results season confidence drives NZ sharemarket up
'New Zealand is still not really into the heart of results season, so I think it's pretty much still wait-and-see mode ahead of results,' Goodson said. 'There was a bit of a strange lead from the US overnight. Their market rallied quite strongly despite the fact that inflation data was a touch higher than expected.' On the main board, Goodson pointed to Napier Port's strong nine-month result, despite its share price falling 1.89% to $3.12. The business reported its revenue increased 16.4% to $42.5m from $36.5m in the same period last year. 'They're clearly seeing extremely good export volumes at present, so they've reiterated guidance at the top end of their guidance range. 'The stock has been very strong in recent months, partly on the improved macro outlook, partly on index inclusions, but I think that result certainly strengthened the name.' Elsewhere, Infratil had a minor independent valuation update. Its share price dipped 0.005c to $11.78. Vital Healthcare Property Trust's share price lifted 0.51% to $1.99 after it released its full-year financials. Goodson said Vital's gearing was relatively high at almost 42% on a committed basis, with no significant progress on further investments. 'The Australian healthcare property sector is in a real state of turmoil at the moment due to the receivership of Healthscope, the second-largest hospital chain in Australia. 'Investors just have some question marks about the rental affordability for some of the hospital tenants and the valuations attached to some of the hospital assets in Australia.' Meanwhile, My Food Bag investors sold off in high volume today after the company gave an update to the market at its annual general meeting. While the business's revenue growth continued – with sales up 3.8% over the first four months of trading compared with the same period last year – gross margins for the first half of 2026 were expected to be below those for the first half of this year because its price increases have lagged food price inflation. My Food Bag shares fell 4% or 1c to 24c after 545,194 shares changed hands. Wall Street stocks surged to fresh records on Tuesday local time after US data showed stable inflation despite worries over President Donald Trump's tariffs, lifting expectations for Federal Reserve interest rate cuts. Major indices spent the entire session in positive territory, with both the broad-based S&P 500 and the tech-rich Nasdaq Composite Index finishing at fresh records. 'We're in a bull market,' said Adam Sarhan of 50 Park Investments. 'The bulls are strong and getting stronger.' The Dow Jones Industrial Average finished up 1.1% at 44,458.61. The S&P 500 also gained 1.1% to 6445.76, while the Nasdaq jumped 1.4% to 21,681.90. The consumer price index rose 2.7% from a year ago in July, the same rate as in June. – Additional reporting AFP Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
RNZ News
12-08-2025
- Business
- RNZ News
Napier Port reports strong third-quarter revenue growth
A container ship at Napier Port. Photo: Supplied / Napier Port Napier Port has seen strong third-quarter revenue growth, underpinned by an increase in container volumes, improved margins and cost control. Revenue for the three months ended June rose 16 percent to $42.5 million from $36.5m the year earlier, with container volumes up 13 percent and bulk cargo up 2 percent. Napier Port expected to make a full-year underlying profit of at the top end of between $59m and $63m for the year ending in September. Revenue for the nine-month period was up nearly 13 percent to $121m, despite a 9 percent drop in cruise-season revenue. Container volumes over the nine-month period were supported by higher apple exports, general cargo imports, and empty containers to support export cargo. Chief executive Todd Dawson said growing conditions were positive with an early apple picking season delivering strong refrigerated container volumes, while changes to shipping line services resulted in higher fees. The cruise season ended in May with 78 vessel calls and more than 108,000 passengers, though revenue fell nearly 9 percent to $8.3m, with 89 vessel calls the year earlier contributing $9.1m to revenue. The port said it had just 61 cruise vessel bookings for the upcoming 2026 season . "As outlined at the half-year, we will be increasing capital investment in the near term linked to our investment programme focused on infrastructure and capability enhancement, and asset renewal and replacement," Dawson said. Napier Port's investment over the nine-month period was $19.1m, including payments on the dredge vessel build, the container terminal transformation project, mobile plant replacement and major maintenance, and site asset management works. Napier Port was expecting to invest about $120m million over the 2025 to 2027 financial years, including about $30m in the current financial year ending in September. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Yahoo
23-05-2025
- Business
- Yahoo
Napier Port Holdings Ltd (NZSE:NPH) (Q2 2025) Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Napier Port Holdings Ltd (NZSE:NPH) reported a strong interim result with a 10.6% increase in total revenue to $78.1 million, driven by higher container volumes. Container volumes increased by 14,000 TEU to 112,000 TEU, supported by higher wood pulp, timber, and apple volumes. The company demonstrated strong operating leverage with a 21.1% increase in operating activities to $33.1 million. Napier Port Holdings Ltd (NZSE:NPH) has maintained cost discipline and operational flexibility, contributing to a 33.4% increase in underlying net profit to $14.8 million. The company declared a fully imputed interim dividend of $0.04 per share and a special dividend of $0.05 per share, reflecting its strong financial position. Bulk cargo volumes decreased by 9.2% or nearly 200,000 tons, primarily due to the absence of one-off wind-thrown logs and additional logs from the prior year. Cruise vessel visits and passenger numbers dropped, with 77 cruise vessels this year compared to 88 last year, due to weather-related cancellations and lower bookings. The global trade environment remains volatile, with potential softening in log exports expected in the near term. Total operating expenses increased by 4% to $44.9 million, driven by higher employee benefits and stevedoring costs. Total gross emissions increased by 8.2% due to higher diesel use, despite efforts to reduce emissions through efficiency measures. Q: Can you elaborate on the recent guidance upgrade and the factors contributing to the new range? A: Kristen Lee, CFO: Earnings guidance is more of an art than a science. At the half-year mark, we have better information, especially during the intensive export season. Positive signs, such as a strong apple harvest, support the revised guidance range. Todd Dawson, CEO, added that the growing season has been favorable, and cost management has been effective. Q: What is the outlook for cruise bookings in the coming years, particularly for FY27 and beyond? A: Todd Dawson, CEO: The cruise industry in New Zealand faces challenges, with lower bookings expected for the next couple of years due to strong market conditions in the Northern Hemisphere and regulatory challenges in New Zealand. We are working to improve perceptions and expect bookings to be subdued for a few years. Q: Regarding the log export outlook, are there any other rail initiatives for logs from outside the region? A: Todd Dawson, CEO: Currently, Enslaw One is the only major exporter using rail from outside the region. Road versus rail remains competitive for other exporters from the lower central North Island area. Q: Can you provide more details on the impact of the apple harvest on the full-year growth? A: Kristen Lee, CFO: The apple harvest has been better than last year, with a slight bring forward in timing. We expect overall positive growth compared to last year, but we are cautious about putting a specific number on it. Q: What is the impact of weather on cruise bookings, and how many additional bookings can be expected? A: Todd Dawson, CEO: Weather-related cancellations are common, with 2 to 5 expected annually. For the next season, most bookings are locked in, and we might see a few additional ones, but not significantly more. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RNZ News
20-05-2025
- Business
- RNZ News
Napier port profits show recovery from Cyclone Gabrielle
A container ship at Napier Port. Photo: Supplied / Napier Port The port of Napier has had a strong profit rebound as the regional economy recovered from Cyclone Gabrielle lifting cargo volumes and revenue. Key numbers for the six months ended March compared with a year ago: The country's fourth biggest port benefited from the recovery of the broader regional economy from 2023's Cyclone Gabrielle, which disrupted horticulture, timber and wood products exports and damaged the port and transport links. Chief executive Todd Dawson said a return to regular and normal trading conditions, especially for key customers, was behind the profit lift. "The full resumption of Pan Pac's pulp and timber operations has driven a notable increase in dry export container volumes. Meanwhile, favourable growing conditions led to an earlier apple harvest, boosting refrigerated container throughput," Dawson said. The bottom line result was also boosted by a final insurance payment of $7.5 million. The gain in container volumes offset a fall in bulk cargo as fewer logs were exported, and revenue from cruise ships also fell as the number of visits decreased to 77 from 88, with 66 visits so far booked for the coming season. Dawson said the port's diverse cargo base along with tight control on costs allowed it to cope with the changing trading environment. "Demand for the region's food and fibre exports has been strong, and we expect to sustain healthy volume and earnings into the second half of the year." The company is forecasting a full year underlying profit of between $59m to $63m. Shareholders were rewarded with a special one-off dividend of 2.5 cents a share as it returned surplus cash arising from the final insurance payout. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
