Reported Earnings • Feb 17
First half 2026 earnings released: EPS: NZ$0.32 (vs NZ$0.22 in 1H 2025) First half 2026 results: EPS: NZ$0.32 (up from NZ$0.22 in 1H 2025). Revenue: NZ$34.8m (up 18% from 1H 2025). Net income: NZ$8.45m (up 47% from 1H 2025). Profit margin: 24% (up from 20% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 15
First half dividend of NZ$0.10 announced Shareholders will receive a dividend of NZ$0.10. Ex-date: 26th February 2026 Payment date: 10th March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 8.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 15
South Port New Zealand Limited Declares Interim Dividend, Payable on March 10, 2026 South Port New Zealand Limited's Board has declared an interim dividend of 8.5 cents per share, reflecting the strength of the interim result and confidence in the sustainability of cash flows, while maintaining a prudent approach to capital management. The dividend, payable on 10 March 2026 to shareholders on the record date of 27 February 2026, will carry full imputation credits. New Risk • Feb 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Announcement • Jan 23
South Port New Zealand Limited to Report Q2, 2026 Results on Feb 13, 2026 South Port New Zealand Limited announced that they will report Q2, 2026 results at 12:00 PM, NZST - New Zealand Standard on Feb 13, 2026 Upcoming Dividend • Oct 24
Upcoming dividend of NZ$0.24 per share Eligible shareholders must have bought the stock before 31 October 2025. Payment date: 11 November 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of New Zealander dividend payers (5.4%). Lower than average of industry peers (4.0%). Reported Earnings • Sep 24
Full year 2025 earnings released: EPS: NZ$0.51 (vs NZ$0.28 in FY 2024) Full year 2025 results: EPS: NZ$0.51 (up from NZ$0.28 in FY 2024). Revenue: NZ$63.3m (up 13% from FY 2024). Net income: NZ$13.3m (up 81% from FY 2024). Profit margin: 21% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • Aug 25
Final dividend of NZ$0.24 announced Shareholders will receive a dividend of NZ$0.24. Ex-date: 31st October 2025 Payment date: 11th November 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 2.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 7.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: NZ$0.51 (vs NZ$0.28 in FY 2024) Full year 2025 results: EPS: NZ$0.51 (up from NZ$0.28 in FY 2024). Revenue: NZ$63.3m (up 13% from FY 2024). Net income: NZ$13.3m (up 81% from FY 2024). Profit margin: 21% (up from 13% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Announcement • Aug 11
South Port New Zealand Limited, Annual General Meeting, Oct 29, 2025 South Port New Zealand Limited, Annual General Meeting, Oct 29, 2025. Location: south ports board room, island harbour,bluff, New Zealand Announcement • Aug 08
South Port New Zealand Limited to Report Fiscal Year 2025 Results on Aug 22, 2025 South Port New Zealand Limited announced that they will report fiscal year 2025 results on Aug 22, 2025 Declared Dividend • Feb 17
First half dividend of NZ$0.088 announced Shareholders will receive a dividend of NZ$0.088. Ex-date: 27th February 2025 Payment date: 7th March 2025 Dividend yield will be 5.4%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Feb 16
First half 2025 earnings released: EPS: NZ$0.22 (vs NZ$0.12 in 1H 2024) First half 2025 results: EPS: NZ$0.22 (up from NZ$0.12 in 1H 2024). Revenue: NZ$29.6m (up 16% from 1H 2024). Net income: NZ$5.76m (up 90% from 1H 2024). Profit margin: 20% (up from 12% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 1.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.5% per year over the past 5 years. Minor Risks High level of debt (58% net debt to equity). Market cap is less than US$100m (NZ$149.3m market cap, or US$85.6m). Upcoming Dividend • Oct 17
Upcoming dividend of NZ$0.23 per share Eligible shareholders must have bought the stock before 24 October 2024. Payment date: 08 November 2024. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 5.0%. Lower than top quartile of New Zealander dividend payers (5.9%). Higher than average of industry peers (2.0%). Declared Dividend • Aug 26
Final dividend of NZ$0.23 announced Shareholders will receive a dividend of NZ$0.23. Ex-date: 24th October 2024 Payment date: 8th November 2024 Dividend yield will be 5.4%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but not covered by cash flows (283% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to decline by 41% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.5% EPS decline seen over the last 5 years. Reported Earnings • Aug 24
Full year 2024 earnings released: EPS: NZ$0.28 (vs NZ$0.45 in FY 2023) Full year 2024 results: EPS: NZ$0.28 (down from NZ$0.45 in FY 2023). Revenue: NZ$56.1m (up 4.7% from FY 2023). Net income: NZ$7.38m (down 37% from FY 2023). Profit margin: 13% (down from 22% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jul 18
South Port New Zealand Limited, Annual General Meeting, Oct 17, 2024 South Port New Zealand Limited, Annual General Meeting, Oct 17, 2024. Location: south ports board room, island harbour, bluff, New Zealand Upcoming Dividend • Feb 22
Upcoming dividend of NZ$0.088 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 12 March 2024. Payout ratio is a comfortable 74% but the company is not cash flow positive. Trailing yield: 4.1%. Lower than top quartile of New Zealander dividend payers (6.6%). Higher than average of industry peers (1.2%). Reported Earnings • Feb 19
First half 2024 earnings released: EPS: NZ$0.12 (vs NZ$0.20 in 1H 2023) First half 2024 results: EPS: NZ$0.12 (down from NZ$0.20 in 1H 2023). Revenue: NZ$25.5m (up 2.1% from 1H 2023). Net income: NZ$3.03m (down 41% from 1H 2023). Profit margin: 12% (down from 21% in 1H 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 18
First half dividend of NZ$0.088 announced Shareholders will receive a dividend of NZ$0.088. Ex-date: 29th February 2024 Payment date: 12th March 2024 Dividend yield will be 4.7%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Oct 27
South Port Announces Successful Completion of Project Kia Whakau to Deepen the Entrance Channel South Port announced the successful completion of project Kia Whakau, to deepen the entrance channel from 8.7m to 9.7m chart datum, a maximum operating draft of 10.7m at high tide. Upcoming Dividend • Oct 18
Upcoming dividend of NZ$0.23 per share at 3.7% yield Eligible shareholders must have bought the stock before 25 October 2023. Payment date: 07 November 2023. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of New Zealander dividend payers (6.3%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 26
Full year 2023 earnings released: EPS: NZ$0.45 (vs NZ$0.49 in FY 2022) Full year 2023 results: EPS: NZ$0.45 (down from NZ$0.49 in FY 2022). Revenue: NZ$53.6m (up 10% from FY 2022). Net income: NZ$11.7m (down 8.7% from FY 2022). Profit margin: 22% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 23
South Port New Zealand Limited, Annual General Meeting, Oct 31, 2023 South Port New Zealand Limited, Annual General Meeting, Oct 31, 2023, at 11:00 NZST - New Zealand Standard. Location: South Port's Board Room, Island Harbour Bluff New Zealand Upcoming Dividend • Feb 15
Upcoming dividend of NZ$0.088 per share at 3.3% yield Eligible shareholders must have bought the stock before 22 February 2023. Payment date: 07 March 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of New Zealander dividend payers (6.1%). In line with average of industry peers (3.4%). Reported Earnings • Feb 10
First half 2023 earnings released: EPS: NZ$0.20 (vs NZ$0.22 in 1H 2022) First half 2023 results: EPS: NZ$0.20 (down from NZ$0.22 in 1H 2022). Revenue: NZ$24.9m (up 6.8% from 1H 2022). Net income: NZ$5.15m (down 12% from 1H 2022). Profit margin: 21% (down from 25% in 1H 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Feb 09
South Port New Zealand Limited Declares Distribution for the Half Year Ended Dec. 31, 2022, Payable on March 7, 2023 South Port New Zealand Limited declares half year distribution of NZD 0.07500000 for the half year ended Dec. 31, 2022, payable on March 7, 2023. Record date is Feb. 23, 2023 and Ex-Date is Feb. 22, 2023. Announcement • Nov 02
South Port New Zealand Limited Approves Election of Mr. John Schol as Director South Port New Zealand Limited announced that at its AGM held on November 1, 2022, shareholders approved the election of Mr. John Schol as director of the company. Upcoming Dividend • Oct 19
Upcoming dividend of NZ$0.23 per share Eligible shareholders must have bought the stock before 26 October 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of New Zealander dividend payers (6.6%). Lower than average of industry peers (3.7%). Announcement • Sep 02
South Port New Zealand Limited Grants Resource Consent by Environment Southland for Project Kia Whaka On 31 August 2022, South Port New Zealand Limited was granted resource consent by Environment Southland for project Kia Whaka. Kia Whaka is a project to dredge and remove seabed materials to 9.7 m chart datum (CD) in the harbour entrance channel, 10.7 m CD in the Island Harbour berth basins and 9.45 m CD in the swinging basin. The benefits of removing the highpoints in the channel and increasing the current operating draft by 1 meter would assist with improving safety margins for ship movements and provide greater capacity for vessels to take on additional cargo. This is a major project for the Port and will provide benefits to the region's customers for years to come and aligns with the Company's purpose to facilitate the best logistic solutions for the region. The resource consent commences 15 working days after 31 August 2022, unless an appeal is lodged during this time. As notified to the market on 8 August 2022, South Port is currently exercising an existing coastal permit to remove any already blasted or fragmented rock that remains in the channel from previous `capital dredging' campaigns over 40 years ago. This work is currently underway with dredging completed in 30% of the entrance channel. While early signs are positive the Port will be in a better position to update the market on the success of this dredging in coming weeks. A decision on the timing of the dredging pursuant to the resource consent just granted will depend on a number of factors, including the outcome of the current dredging campaign under the existing coastal permit. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: NZ$0.005 (vs NZ$0.41 in FY 2021) Full year 2022 results: EPS: NZ$0.005. Revenue: NZ$48.6m (up 2.7% from FY 2021). Net income: NZ$12.8m (up 20% from FY 2021). Profit margin: 26% (up from 23% in FY 2021). The increase in margin was primarily driven by higher revenue. Announcement • Jul 30
South Port New Zealand Limited, Annual General Meeting, Nov 01, 2022 South Port New Zealand Limited, Annual General Meeting, Nov 01, 2022, at 11:00 NZST - New Zealand Standard. Location: South Port's Board Room, Island Harbour Bluff New Zealand Upcoming Dividend • Feb 15
Upcoming dividend of NZ$0.088 per share Eligible shareholders must have bought the stock before 22 February 2022. Payment date: 08 March 2022. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of New Zealander dividend payers (5.1%). In line with average of industry peers (3.0%). Reported Earnings • Feb 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: NZ$0.22 (down from NZ$0.23 in 1H 2021). Revenue: NZ$23.3m (flat on 1H 2021). Net income: NZ$5.86m (down 3.3% from 1H 2021). Profit margin: 25% (in line with 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Feb 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: NZ$0.22 (down from NZ$0.23 in 1H 2021). Revenue: NZ$23.3m (flat on 1H 2021). Net income: NZ$5.86m (down 3.3% from 1H 2021). Profit margin: 25% (in line with 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 09
South Port New Zealand Limited Declares Fully Imputed Interim Dividend, Payable on 8 March 2022; Provides Dividend Guidance for the Full Year 2022 South Port New Zealand Limited declared a steady fully imputed interim dividend of 7.50 cents per share (2021: 7.50 cents) payable on 8 March 2022. Ex-Date: 22 February 2022. Record Date: 23 February 2022.For the full year 2022, the company expected that the full year dividend payment will be maintained at 27 cents per share. Announcement • Feb 08
South Port New Zealand Limited Provides Earnings Guidance for the Fiscal Full Year 2022 South Port New Zealand Limited provided earnings guidance for the fiscal full year 2022. For the year, the company estimates that its full year earnings should fall in the range of $9.70 million to $10.00 million (FY2021 - $10.71 million). Upcoming Dividend • Oct 22
Upcoming dividend of NZ$0.23 per share Eligible shareholders must have bought the stock before 29 October 2021. Payment date: 09 November 2021. Trailing yield: 2.9%. Lower than top quartile of New Zealander dividend payers (4.9%). In line with average of industry peers (2.9%). Reported Earnings • Aug 29
Full year 2021 earnings released: EPS NZ$0.41 (vs NZ$0.36 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: NZ$47.3m (up 6.1% from FY 2020). Net income: NZ$10.7m (up 14% from FY 2020). Profit margin: 23% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Announcement • May 18
South Port New Zealand Limited Lodges Resource Consent Application with Environment Southland to Deepen the Entrance Channel and Harbour to 10.7 Metres South Port New Zealand Limited lodged a Resource Consent Application with Environment Southland to deepen the entrance channel and harbour to 10.7 metres. The benefits of removing the highpoints in the channel and increasing the current 9.7 metre operating draft would assist with improving safety margins for ship movements and provide greater capacity for vessels to take on additional cargo. It is important that Southland has a port with a competitive channel depth that will provide flexible options for shipping companies and new industry considering coming into the region. It is expected that the consent will be processed this calendar year and it is hoped
that work can commence within the next 24 months. Announcement • Mar 15
South Port New Zealand Limited Enters into NZD 9.4 Million Contract with European Based Damen South Port New Zealand Limited has entered into a NZD 9.4 million contract with European based Damen for the delivery of an Azimuth Tractor Drive Tug to operate at its Bluff Port. The new 65 tonne BP tug is already built and will replace the lower capacity Hauroko (35 tonnes BP) which has been operating at the Port since April 2000. Is New 90 Day High Low • Feb 20
New 90-day high: NZ$8.89 The company is up 21% from its price of NZ$7.35 on 19 November 2020. The New Zealander market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is down 7.0% over the same period. Upcoming Dividend • Feb 18
Upcoming Dividend of NZ$0.088 Per Share Will be paid on the 8th of March to those who are registered shareholders by the 25th of February. The trailing yield of 3.0% is below the top quartile of New Zealander dividend payers (4.1%), but it is higher than industry peers (2.2%). Reported Earnings • Feb 13
First half 2021 earnings released: EPS NZ$0.23 (vs NZ$0.17 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: NZ$23.4m (up 8.3% from 1H 2020). Net income: NZ$6.07m (up 33% from 1H 2020). Profit margin: 26% (up from 21% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 14
New 90-day high: NZ$7.91 The company is up 8.0% from its price of NZ$7.30 on 15 October 2020. The New Zealander market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Infrastructure industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: NZ$7.55 The company is up 20% from its price of NZ$6.30 on 11 September 2020. The New Zealander market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: NZ$7.50 The company is up 25% from its price of NZ$5.98 on 24 July 2020. The New Zealander market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Infrastructure industry, which is up 8.0% over the same period. Announcement • Sep 25
South Port New Zealand Limited to Report First Half, 2021 Results on Feb 11, 2021 South Port New Zealand Limited announced that they will report first half, 2021 results on Feb 11, 2021 Reported Earnings • Sep 23
Full year earnings released - EPS NZ$0.36 Over the last 12 months the company has reported total profits of NZ$9.43m, down 3.6% from the prior year. Total revenue was NZ$44.6m over the last 12 months, up 1.4% from the prior year. Profit margins were 21%, which is lower than the 22% margin from last year. The decrease in margin was driven by higher expenses. 
