Port of Tauranga (POT) AGM 2026 summary

Opening remarks and agenda

• Hybrid AGM held in person and online; notice sent on Sept. 28 and quorum present. Agenda included the Integrated Annual Report, audit report, financial statements, director elections, auditor remuneration and shareholder discussion.

Financial performance review

• FY2026 underlying net profit after tax rose 23% to $155.3m from $126.0m; revenue increased 4.7% to $486.5m and operating costs fell 6.2% to $221.7m.

• Subsidiary and joint venture contribution to profit rose 42.1% to $15.5m.

• Total trade fell 3% to 24.6m tonnes; exports declined 3.3% to 15.9m tonnes and imports 2.3% to 8.7m tonnes. Container volumes rose just under 0.5% to 1.21m TEU.

• Crane productivity rose 9.9% to 30.8 average container moves per crane per hour; ship rate increased 13.7% to 76.4 moves per hour.

Board and executive committee updates

• Ken Shirley, a Quayside-nominated director appointed from April 1, 2026, stood for election; Fraser Whineray stood for early re-election to support orderly rotation. The board recommended both.

• Doug Leeder retired; Future Director Scott Campbell’s term ended March 31, 2026. A successor Future Director was being sought for the 2027 AGM.