Westports Holdings (WPRTS) Q4 2025 earnings summary

Executive summary

• Operational revenue for the year ended 31 December 2025 rose 12% year-over-year to RM2.55 billion, driven by higher container revenue.

• Profit before tax increased 13% to RM1.29 billion, and profit after tax grew 11% to RM998 million compared to the previous year.

• Fourth quarter operational revenue grew 11% year-over-year, with profit before tax up 15% and profit after tax up 6%.

Financial highlights

• Total revenue for 2025 was RM3.12 billion, up 33% year-over-year; operational revenue (excluding construction) was RM2.55 billion, up 12%.

• Gross profit for the year increased 18% to RM1.70 billion.

• Basic earnings per share for 2025 was 29.25 sen, up from 26.33 sen in 2024.

• Net cash generated from operating activities was RM1.47 billion; cash and cash equivalents at year-end stood at RM784 million.

• Total borrowings decreased to RM955 million from RM1.08 billion a year earlier.

Outlook and guidance

• Container volume in 2026 is projected to grow at a single-digit positive rate.

• Global economic momentum is expected to continue, but supply chain equilibrium may be challenged by shipping capacity and route changes.

• Asia's economic dynamism is anticipated to support long-term container volume growth.