28/09/2026
Port Nelson has delivered a strong operational result for FY2026, reporting an underlying net profit after tax of $12.7 million and cargo throughput of 3.8 million tonnes.
Revenue increased 15% to $96.3 million, supporting a dividend of $6.5 million to our shareholder, delivering value back to our Nelson and Tasman communities.
The result was supported by increased forestry exports following the 2025 windthrow events, alongside strong performance from w**e, fertiliser and kiwifruit cargo.
While this year's annual asset revaluation resulted in a reported comprehensive loss, this is a non-cash accounting adjustment and does not affect Port Nelson's day-to-day operations, cashflow or ability to continue investing in the Port and the region. The revaluation reflects expected changes in future cargo volumes following the conclusion of windthrow timber harvesting and higher capital investment associated with the redevelopment of Calwell's marine haul-out facility.
FY2026 also saw:
- 44% reduction in Scope 1 and 2 emissions from our FY2019 baseline
- Strong demand for Calwell's redeveloped marine haul-out facility
- A major refresh of our critical risk programme
- More than $146,000 provided in community sponsorships
- A record $47,000 raised through our charity golf day
As we celebrate 125 years of facilitating regional prosperity, we remain focused on building a resilient and diversified business that supports our region for generations to come.
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