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Visual24 Oct 2025
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South Port New Zealand (SPN) investor relations material
South Port New Zealand AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary28 Oct, 2025
Opening remarks and agenda
Directors, leadership team, and key stakeholders were introduced, with special acknowledgments to past and present board members and representatives from Environment Southland.
Apologies were received, and proxy votes representing 77.35% of shares were confirmed.
Financial performance review
FY2025 saw record operational and financial results, with cargo volumes up over 10% to 3.55 million tons.
Normalised profit rose 40% to NZD 13.9 million, the highest in history, and operating revenue grew 13% to NZD 63.3 million.
Bulk cargo revenue increased 38%, EBITDA rose 21% to NZD 25.8 million, and operating free cash flow nearly doubled to NZD 16.9 million.
Net debt reduced from NZD 33 million to NZD 25 million while maintaining consistent maintenance investment.
Board and executive committee updates
CEO Nigel Gear announced his intention to step down in Q2 2026 after eight years in the role.
Clare Kearney, the first female director, retired after nine years of service, with tributes paid to her contributions.
John Schol was re-elected to the board, and Derek Nind was newly elected as director.
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Next South Port New Zealand earnings date
H1 20264 Mar, 2026
Next South Port New Zealand earnings date
H1 20264 Mar, 2026
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Frequently asked questions
South Port New Zealand Limited operates the Port of Bluff, located at the southern tip of New Zealand's South Island. The company provides a range of port services, including cargo handling, warehousing, and logistics support, catering to industries such as forestry, agriculture, fishing, and aluminum production. South Port handles various types of cargo, including bulk, breakbulk, and containerized goods, and offers storage and distribution solutions to support regional and international trade. The company is headquartered in Bluff, New Zealand, and its shares are listed on the NZX.
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