Highlights

  • Net profit after tax increased to NZD100.3 million, up 47.09% from NZD68.2 million a year earlier.
  • Port of Tauranga Group contributed NZD70.2 million in profit, reflecting higher operating revenue during the period.
  • Investment portfolio gains totalled NZD35.9 million, mainly from listed asset performance and private equity investments.

Quayside Holdings Limited (NZX:QHLHA) has reported higher earnings for the six months ended 31 December 2025, driven by increased profitability from the Port of Tauranga Group and gains within its investment portfolio. The New Zealand-based investment holding company announced that net profit after tax reached NZD100.3 million, compared with NZD68.2 million in the corresponding period a year earlier.

The company operates as a council-controlled trading organisation owned by the Bay of Plenty Regional Council and holds a majority stake in Port of Tauranga Limited, alongside a diversified portfolio of listed assets, private equity investments and property holdings.

Port of Tauranga Segment Drives Earnings

The Port of Tauranga Group, in which Quayside holds a 54.14% ownership stake, delivered higher profitability during the reporting period. Net profit after tax from the port segment reached NZD70.2 million, representing a 17% increase compared with the previous year.

Operating revenue for the port rose to NZD244.0 million, up from the prior period. The increase occurred despite only a modest rise in container volumes. Revenue growth was linked to tariff adjustments applied to shipping lines, an infrastructure levy increase introduced in December, and a new hatch lid charge.

Operating expenses for the port segment increased 6.89% year-on-year, mainly due to employee benefit costs and maintenance spending on property, plant and equipment.

The port’s equity-accounted investments also contributed to the improved results. PrimePort Timaru Limited recorded higher profitability, while Coda Group reduced its loss following the sale of its third-party logistics operation.

Investment Portfolio Performance

The Quayside Group’s investment segment reported net profit after tax of NZD30.1 million, compared with NZD8.0 million in the same period last year.

The result included NZD35.9 million in unrealised gains, largely driven by listed assets within the portfolio. The listed assets portfolio contributed NZD28.3 million, while managed private equity investments generated NZD7.1 million in gains.

However, these gains were partly offset by a NZD2.8 million write-off related to infrastructure spending at the Rangiuru Business Park project.

Revenue and Operating Performance

Group operating income for the half year reached NZD287.5 million, compared with NZD248.9 million in the prior corresponding period.

Trading revenue increased to NZD245.5 million, supported mainly by port operations including container terminal services, multi-cargo operations and marine services.

The company reported operating expenses of NZD130.2 million, slightly higher than the previous period.

Dividend and Cash Flow Updates

During the period, Quayside paid NZD24.0 million in dividends to the Bay of Plenty Regional Council, in line with the organisation’s Statement of Intent.

Dividends paid to perpetual preference shareholders totalled NZD4.78 million.

Subsequent to the reporting date, the Port of Tauranga declared an interim dividend of 8.0 cents per share, which is expected to provide Quayside with future cash flow of approximately NZD29.5 million.

Key Financial Metrics

  • Net profit after tax: NZD100.3 million
  • Operating income: NZD287.5 million
  • Trading revenue: NZD245.5 million
  • Port segment profit: NZD70.2 million
  • Investment segment profit: NZD30.1 million
  • Group net assets: NZD2.72 billion

Quayside Holdings’ half-year results were supported by increased profitability from its port operations and gains across its investment portfolio. The Port of Tauranga segment continued to contribute a large portion of earnings, while portfolio investments added unrealised gains during the period. The company also maintained dividend payments to its shareholder and preference investors while reporting higher net assets and operating income.

FAQ

  1. What profit did Quayside Holdings report for the half year?

Quayside Holdings reported net profit after tax of NZD100.3 million for the six months ended 31 December 2025, compared with NZD68.2 million a year earlier.

  1. What contributed to the earnings increase?

The rise in earnings was mainly driven by higher profitability from the Port of Tauranga Group and unrealised gains within Quayside’s investment portfolio, particularly from listed assets and private equity investments.

  1. Does Quayside Holdings pay dividends?

Yes. During the reporting period the company paid NZD24.0 million in dividends to the Bay of Plenty Regional Council and NZD4.78 million to perpetual preference shareholders.