Market cap
$5.6b
End-of-day close multiplied by current shares on issue.
POT · NZX
Port of Tauranga (POT)
Transport & Infrastructure / PortsCovered: HY26 - FY262 published briefings
Port of Tauranga is an NZX-listed transport & infrastructure / ports company. Its latest covered result is FY26, with HY26 - FY26 of source-backed result history on Annolyse.
Sections
Latest result
Latest metrics
FY26, released 28 August 2026
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| Metric | Value | Change |
|---|---|---|
| Revenue | $486.5m | — |
| EBITDA | $275.7m | — |
| NPAT | $156.1m | — |
| Operating cash flow | $205.4m | — |
| OCF / EBITDA % | 74.5% | — |
| Net debt | $456.7m | — |
| Net debt / EBITDA | 1.66x | — |
| ROE % | 6.7% | — |
| DPS | 12.5c | — |
| Payout ratio vs NPAT % | 88.7% | — |
Source: latest published briefing (FY26, released 28 August 2026). Change compares against the prior equivalent period: not available for this company.
Valuation
Valuation
Trailing P/E, EV/EBITDA, price-to-book and price-to-free-cash-flow ratios combine the latest available close with filing data. They are comparative measures, not forecasts or recommendations.
Prices as at close, 18 September 2026
Price and market cap
The latest close and share count context for the market price.
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Profitability multiples
How the market price compares with recent earnings and cash-flow inputs.
P/E
35.87x
Recent market cap compared with trailing earnings.
EPS
0.23
Recent filing-derived earnings per share.
PEG
Not available
Not meaningful without positive comparable earnings growth.
EV/EBITDA
21.97x
Enterprise value compared with recent EBITDA.
P/FCF
47.17x
Market cap compared with recent free cash flow.
P/B
2.41x
Market value compared with latest reported equity.
Income and investment-company measures
Yield and investment-company valuation where supported.
Dividend yield
2.5%
Trailing dividends compared with the latest close.
Total return
Not available
Available once dividend and adjustment data are verified.
Price history
Daily closes use the full available width, with hover and touch values for each observation. Expand the chart to see more detail.
Share price
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
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Ask about POT
Ask follow-up questions about Port of Tauranga's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Ask about POT
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Financial history
Performance over time
The latest period is shown first.
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| Metric | FY2612 MONTHS28 August 2026 | HY266 MONTHS27 February 2026 | Trend |
|---|---|---|---|
| Revenue | $486.5m | $244.1m | Chart |
| Revenue growth % | 4.7% | 8.5% | Chart |
| EBITDA | $275.7m | $122.4m | Chart |
| EBITDA margin % | 56.7% | 50.1% | Chart |
| PBT | $211.2m | $95.6m | Chart |
| PBT growth % | -3.3% | 16.6% | Chart |
| NPAT | $156.1m | $70.2m | Chart |
| NPAT growth % | -10.0% | 16.6% | Chart |
| Operating cash flow | $205.4m | $77.8m | Chart |
| OCF / EBITDA % | 74.5% | 63.6% | Chart |
| FCF pre-lease | $118.7m | $52.6m | Chart |
| FCF post-lease | $118.7m | $52.6m | Chart |
| DPS | 12.5c | 8.0c | Chart |
| Payout ratio vs NPAT % | 88.7% | 76.9% | Chart |
| Annual payout ratio vs EPS % | 88.7% | — | — |
| ROE % | 6.7% | 3.1% | Chart |
| Net debt | $456.7m | $471.2m | Chart |
| Net debt / EBITDA | 1.66x | 3.85x | Chart |
| Debtor days | 57 | — | — |
| Inventory days | 2 | 2 | Chart |
| Total assets | $3.1b | $3b | Chart |
Reference: annolyse.ai/companies/pot
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
Filing-only history charts
These charts use verified published filing periods only. Gaps are not interpolated, and mixed half-year/full-year histories are split into separate series.
Revenue
Reported revenue across covered periods.
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Revenue growth
Like-period revenue growth where comparable.
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EBITDA-equivalent
Company-specific earnings measure where disclosed.
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EBITDA margin
EBITDA-equivalent margin where revenue and earnings are source-backed.
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NPAT
Statutory profit after tax.
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Operating cash flow
Cash generated from operations.
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More financial metrics
Additional filing-backed metrics for this company. Each point links to the relevant published briefing.
OCF / EBITDA
Cash conversion against earnings.
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FCF pre-lease
Operating cash flow less capex before leases.
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FCF post-lease
Free cash flow after lease payments where available.
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ROE
Return on equity.
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Net debt
Borrowings less cash; negative values indicate net cash.
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Net debt / EBITDA
Leverage ratio, suppressed where earnings are not meaningful.
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DPS
Dividend per share declared for the period.
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Payout ratio
Dividend payout against statutory NPAT.
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Debtor days
Receivables days where the working-capital inputs are source-backed.
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Inventory days
Inventory days where the working-capital inputs are source-backed.
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The setup & the reality
HY26 → FY26 Follow-through
The latest result is checked against what the prior briefing said to watch.
Historical setup
What HY26 said to watch
Previous analysisHY26Result releasedAnnolyse analysis published
From NPAT up 16.6% but capex surge pushes dividend above free cash flow
The historical FY25 split shows HY25 delivered 48.4% of full-year revenue and 48.7% of full-year EBITDA, so the business is roughly evenly weighted on operating measures, with NPAT skewed to the second half by a disclosed FY25 one-off (HY25 was only 34.7% of full-year NPAT). On a like-for-like operating base, annualising current-half revenue gives $488.3m. Management states earnings guidance has been raised, but no specific FY26 NPAT or EBITDA target is supplied in the materials, so the gap to a stated number cannot be measured.
The selection diagnostics flag the prior comparable as a fallback driven by a period-shape change in how HY25 was tagged; the underlying HY25 figures used here are the genuine six-month numbers, so the percentage comparisons are economically like-for-like.
Open questions
Open questions from HY26
- What is the expected full-year FY26 capex envelope, and is the current half's $25.2m a one-off step or a new run-rate?
- Will the FY26 dividend stay covered by free cash flow on a full-year basis, given the half-year payout ratio of 125.4% versus FCF pre-lease?
- What drove logistics services revenue to grow roughly tenfold to $13.1m, and why did the segment's derived margin collapse?
- How specifically has earnings guidance been raised, and against what prior reference point?
- Is the rise in net debt tracking to a leverage ceiling, or is current 3.85x net debt/EBITDA inside management's tolerance for funding the expansion programme?
This briefing cannot assess full-year guidance shape, longer-term capex programme details, or trade-volume mix economics because none of those are quantified in the supplied materials.
Latest result sources
Primary issuer documents used for the FY26 briefing. Document labels are preserved from the publication record; Annolyse does not relabel every financial report as an annual report.
Current period
NZX Results Announcement POTL - 30 June 2026
FY26 / results announcementPOT 2026 Integrated Annual Report
FY26 / financial reportPOT Analyst Presentation - August 2026
FY26 / results presentationPOT Media Release for full year results 30 June 2026
FY26 / media releasePrior comparable period
NZX Results Announcement - 30 June 2025
FY25 / results announcementPOT Integrated Annual Report 2025
FY25 / financial reportPOT Investor Presentation - August 2025
FY25 / results presentationPOT Media Release for full year results 30 June 2025
FY25 / media releaseInterim context
Analyst Presentation mid-year market update POTL - February 2026
HY26 / results presentationMedia release on interim results - Port of Tauranga - 31 December 2025
HY26 / media releaseNZX form Results Announcement POTL 31 December 2025
HY26 / results announcementPOT Market Update-Interim Financial Statements 2026
HY26 / financial reportRelease context
Port of Tauranga Investor Day presentations
FY26 / commentaryChair's Speech POTL AGM 2025
HY26 / commentaryPOT Interim Results Announcement Date and Analyst Briefings and Investor Day
HY26 / commentaryPeer context
Ports comparison set
These companies share the same curated sub-sector label. Their reporting definitions can still differ, so compare the underlying measures before ranking them.
Archive
Briefing archive
The full chronological archive contains every published result briefing.
FY26 · Released 28 August 2026
Underlying NPAT rose 23.2% despite reported profit falling 10.0%
A one-off Northport sale gain flattered FY25 profit, masking a 23.2% rise in underlying NPAT and a surge in capex to 17.8% of revenue.
Read briefing
HY26 · Released 27 February 2026
NPAT up 16.6% but capex surge pushes dividend above free cash flow
Earnings growth and a 14.3% dividend lift sit against an FCF payout ratio of 102.6% as capex intensity steps higher.
Read briefing
Get notified when POT publishes
Get the next Port of Tauranga result briefing and five-year history updates by email.