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Napier Port Holdings (NPH) briefings

Read that company's published results in release order, newest first.

Napier Port Holdings (NPH)HY26Released 20 May 2026

Capex doubled to $28.1m and FCF swung to -$4.3m

Underlying earnings grew on container services, but capex intensity of 33.1% of revenue lifted net debt to $129.5m.

Published 20 May 2026

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Napier Port Holdings (NPH)FY25Released 19 November 2025

Capex doubled to 16.1% of revenue, lifting FCF payout to 78%

Reported NPAT +24.6% is flattered by a tax-rate drop from 33.5% to 28.3%; cleaner PBT growth of 15.5% sits within Napier Port's historical range.

Published 18 May 2026

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Napier Port Holdings (NPH)HY25Released 21 May 2025

PBT up 24.8% on unprecedented 36.1% margin; tax drop lifts NPAT to +41.3%

Container volume recovery delivered record half-year port margins, while a normalised effective tax rate flatters headline NPAT growth.

Published 23 April 2026

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Napier Port Holdings (NPH)FY24Released 19 November 2024

Cyclone rebound lifts PBT 68.8% as pre-lease FCF reaches NZ$40.8m

Revenue rose 19.4% on post-Cyclone Gabrielle volume recovery, but an elevated 33.5% effective tax rate compresses the NPAT read versus PBT.

Published 23 April 2026

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Napier Port Holdings (NPH)HY24Released 22 May 2024

PBT rebounded 93.2% but a 36.5% tax rate clipped NPAT to 64.4%

Log export and cruise volume recovery drove an unprecedented operating swing, while a step-up in the effective tax rate compressed the bottom line.

Published 23 April 2026

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Napier Port Holdings (NPH)FY23Released 14 November 2023

Cyclone hit pushes PBT down 20.2% with margin at unprecedented 18.7%

Reported NPAT fell 18.8%, but the disclosed underlying figure dropped from NZ$18.6m to NZ$10.7m while a capex pause flattered free cash flow.

Published 23 April 2026

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Napier Port Holdings (NPH)HY23Released 24 May 2023

Revenue jumped 22.8% but PBT margin collapsed to an unprecedented 18.8%

Operating profit rose 33% on container and cruise recovery, yet PBT was flat at $11.7m and the interim dividend was cut 39%.

Published 23 April 2026

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Napier Port Holdings (NPH)FY22Released 16 November 2022

NPAT fell 12.1% on 4.6% revenue growth as cost inflation overwhelmed pricing

Container volumes fell 7.9% and net debt jumped to $129.2m to fund infrastructure, while the 7.5 cps dividend sat at a 75% NPAT payout.

Published 23 April 2026

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Napier Port Holdings (NPH)HY22Released 24 May 2022

PBT down 20.3% as gross borrowings triple to NZ$118.3m

Disruption-driven revenue decline coincides with a peak-capex balance sheet step-up, leaving free cash flow at NZ$-30.7m and the dividend uncovered.

Published 23 April 2026

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Napier Port Holdings (NPH)FY21Released 16 November 2021

Revenue up 9.0% but FCF turned to -NZ$68.9m as 6 Wharf capex doubled

Record reported earnings sit against capex of 94.7% of revenue and a step from net cash to NZ$75.7m net debt, defining the build phase.

Published 22 April 2026

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Napier Port Holdings (NPH)HY21Released 25 May 2021

Capex nearly doubled to NZ$45.8m as PBT fell 30.5% on flat revenue

Pre-lease free cash flow swung to -NZ$31.2m and cash fell 83.5% to NZ$2.7m, funded by NZ$34.7m of new borrowings.

Published 22 April 2026

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