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Napier Port Holdings

Directory

NZX code:
NPH
Short name:
Napier Port Holdings
Legal name:
Napier Port Holdings Limited
Industry sector: Freight
NZX50 rank: [no data]
Head office:
159 Dalton Street, Napier South, Napier 4110
Chairman:
Blair O'Keeffe
Chief executive:
Todd Dawson
Financial year ended:
September
Locations: New Zealand
Auditor:
Ernst & Young
Bankers:
Westpac, ICBC

Napier Port Holdings

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Financial Data

A. Recent trading and performance summary

Total revenue NPAT Earnings per share
mln mln cents
2016 73 12 -
2017 87 17 -
2018 92 18 16
2019 100 7 6
2020 100 22 11
2021 109 23 12
2022 115 20 10
2023 122 17 8
2024 141 25 12
2025 157 31 15

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B. Recent financial position summary

Total assets Total Liabilities Equity ratio
mln mln %
2016 303 114 62
2017 329 124 62
2018 332 120 64
2019 371 36 90
2020 385 39 90
2021 480 125 74
2022 563 171 70
2023 565 169 70
2024 579 160 72
2025 1152 594 37

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C. Recent cash flows and positions

Cash inflows Cash outflows Cash and equiv. at year end
mln mln mln
2016 23 22 1
2017 25 25 0.2
2018 28 29 0.2
2019 49 18 31
2020 29 53 8
2021 97 104 1
2022 72 72 2
2023 37 38 1
2024 54 53 2
2025 64 62 4

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D. Recent key ratio analysis

Earnings per share Price:Earnings ratio NTA/share Dividend
cents annual avg dollars Per share
2016 N/A N/A N/A 18
2017 N/A N/A N/A 33
2018 16 N/A 2 30
2019 6 N/A 3 3
2020 11 26 2 5
2025 15 22 2 6

Description of trading activities

Napier Port Holdings operates the primary seaport for Hawke’s Bay and the lower North Island, providing marine, cargo handling, and logistics services. It is the region’s gateway for exports and imports, handling containerised freight, bulk cargo, and cruise ships. The company generates revenue from port operations, berthage, pilotage, towage, and related logistics services. Hawke’s Bay Regional Investment Company owns 55%, with the remaining shares publicly traded on the NZX.

CEO profile

Todd joined Napier Port as Chief Executive in 2018, bringing over 25 years’ experience across supply chain, transport, and logistics. He previously led strategic partnerships and new ventures at Kotahi Logistics, driving initiatives such as introducing bigger ships to New Zealand and developing intermodal freight hubs. Todd has also held senior roles with IBM NZ, Toll New Zealand, Sainsbury’s (UK), and Mainfreight.

Chairman profile

Blair O’Keeffe was appointed Chair of Napier Port in December 2022, having first joined the Board in 2019. He is an experienced company director with more than 25 years’ leadership across infrastructure, transport, energy, property, and regulatory sectors in New Zealand and internationally. Blair currently chairs Maritime New Zealand, the Hawke’s Bay Regional Recovery Agency, and the Hawke’s Bay Rescue Helicopter Trust, and is Deputy Chair of Unison Networks. He also serves as an independent director for Clarus and Livestock Improvement Corporation, and has held senior governance roles including Director of Z Energy.