PORT Marlborough has reported “positive progress” in its half-year report, with revenue increasing by 13% in the first half of the 2025 financial year, compared with the same period the previous year.
The port attributed its revenue growth to strong trade performance and increased berthage uptake at Waikawa North West Marina.
Forestry trade has grown by 18% supported by the completion of the South Island’s first on-port debarking facility, developed in partnership with Pedersen Group and C3, at Shakespeare Bay.
The port’s half-year report noted that this year’s financial results “require careful interpretation due to the accounting treatment of project costs associated with the wind-down of project iReX, which added one-off costs of $3.75 million to operating and maintenance costs.”
Port Marlborough chief executive Rhys Welbourn said the results reflect the company’s commitment to sustainable growth and long-term investment.
“These results highlight the benefits of our continued investment in infrastructure, environmental initiatives, and workforce capability,” he said.
“Key trade areas are performing well, our marinas remain in high demand, and our sustainability initiatives are delivering measurable outcomes. The International Clean Marina accreditation is a milestone achievement and highlights how seriously we take the importance of marine biosecurity across our operations.
“As we move into the second half of the financial year, we remain focused on delivering value for Marlborough, supporting key trades, and ensuring our investment decisions continue to contribute to Marlborough’s long-term success.”
The port highlighted investment in workforce capability as a priority, and noted its implementation of critical risk and fatigue risk management measures.
