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How South Port New Zealand Limited makes money — FY2024
Revenue $50.1m · EBITDA $21.3m (42.5% of revenue) · Net profit $7.4m (14.7% of revenue)
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2024 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $50.1m | Reported | |
| Operating costs (net of other income) | −$28.8m | Derived * | |
| EBITDA | $21.3m | Reported | |
| Depreciation & amortisation | −$4.9m | Reported | |
| EBIT | $16.4m | Reported | |
| Interest | — | Not reported | Included in the balancing item. |
| Income tax | −$6.1m | Reported | |
| Interest and other items (net cost) | −$3.0m | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $7.4m | Reported |
- * operating costs: $28.8m = Revenue − EBITDA
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Download Annual Report (PDF, NZX)
South Port New Zealand Limited board of directors
6 current directors, average tenure 5.0 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Philip Cory-Wright | Chair | Yes | 2010 | 16.1 yrs | Audit & Risk Committee (Chair) |
| Peter Barker | Independent Director | Yes | 2026 | 0.7 yrs | — |
| Cassandra Rose Crowley | Non-Independent Director | No | 2025 | 1.5 yrs | — |
| Jacqui Nelson | Director | Not recorded | 2026 | 0.7 yrs | — |
| Nicola Jean Greer | Independent Director | Yes | 2019 | 7.0 yrs | — |
| William John Schol | Independent Director | Yes | 2022 | 4.0 yrs | — |
Future directors & observers
Non-voting board observers, such as Institute of Directors Future Directors. They are not counted in the board size, independence or governance figures above.
- Sam Grant — Intern Director, since 2025
- Carla Harper — Intern Director, since 2023
SPN governance score breakdown
South Port New Zealand Limited scores 87/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 70% data coverage. See the GRS methodology.
- Board structure
- 25/25
- Shareholder rights
- 20/20
- Executive remuneration
- 5/10
SPN dividends
The most recent South Port New Zealand Limited dividend on record is 20.50 cents per share, for FY2026 (final), 100% imputed, ex-dividend 2 Nov 2026, paid 11 Nov 2026.
South Port New Zealand Limited largest shareholders
Top 10 registered holders of SPN as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | Southland Regional Council | 66.48% |
| 2 | Forsyth Barr Custodians Limited | 6.51% |
| 3 | Russell John Field and Anthony James Palmer | 5.03% |
| 4 | Accident Compensation Corporation | 2.88% |
| 5 | HSBC Nominees (New Zealand) Limited | 1.49% |
| 6 | Michael Robert Mayger and Eleanor Margaret Mayger | 0.94% |
| 7 | Daniel Martin Noonan | 0.67% |
| 8 | Citibank Nominees (NZ) Ltd | 0.65% |
| 9 | Bnp Paribas Nominees NZ Limited | 0.63% |
| 10 | Custodial Services Limited | 0.61% |
Recent SPN NZX announcements
The 10 most recent filings by South Port New Zealand Limited to the NZX.
- SPH Notice - Jarden Group LimitedSubstantial Holder Notice
- SPH Notice - Southland Regional CouncilSubstantial Holder Notice
- SPH Notice - Accident Compensation Corporation (ACC)Substantial Holder Notice
- SPH Notice - Jarden Group Limited and its related bodiesSubstantial Holder Notice
- South Port - Environment Southland Share SaleInsider/Shareholder Notice
- SPH Notice - Southland Regional CouncilSubstantial Holder Notice
- 2026 Notice of Annual MeetingAGM
- South Port New Zealand Limited - 2026 Annual ReportAnnual Report
- SPH Notice - Russell John Field and Anthony James PalmerSubstantial Holder Notice
- South Port NZ Ltd - Capital Change NoticeCapital Change
South Port New Zealand Limited (SPN) — frequently asked questions
What does South Port New Zealand Limited do?
South Port operates the southernmost commercial port in New Zealand at Bluff, handling bulk commodities including aluminium, logs, and agricultural products. South Port New Zealand Limited is listed on the NZX under the ticker SPN, in the Industrials sector.
What is the South Port New Zealand Limited (SPN) share price?
South Port New Zealand Limited (NZX:SPN) shares closed at $8.25 on 21 October 2026, down 0.24% on the previous close. At that price its market capitalisation was about $216 million, based on 26,234,898 shares on issue as at 11 March 2026.
Who are the directors of South Port New Zealand Limited?
South Port New Zealand Limited has 6 current directors: Philip Cory-Wright (Chair), Peter Barker (Independent Director), Cassandra Rose Crowley (Non-Independent Director), Jacqui Nelson (Director), Nicola Jean Greer (Independent Director) and William John Schol (Independent Director). Average board tenure is 5.0 years.
Who is the chair of South Port New Zealand Limited?
Philip Cory-Wright chairs the South Port New Zealand Limited board, and has been a director since 2010.
Who is the CEO of South Port New Zealand Limited?
Nigel Gear is the Chief Executive Officer of South Port New Zealand Limited.
What was South Port New Zealand Limited's most recent dividend?
The most recent South Port New Zealand Limited dividend on record is 20.50 cents per share for FY2026 (final), 100% imputed, ex-dividend 2 November 2026, paid 11 November 2026.
What is South Port New Zealand Limited's dividend yield?
South Port New Zealand Limited's trailing 12-month dividend yield is 3.52%, as at 21 October 2026. That is 29.00 cents per share of ordinary dividends with an ex-date in the 12 months to 22 October 2026, divided by the 21 October 2026 closing price of $8.25. Special dividends are excluded.
Who are the largest shareholders of South Port New Zealand Limited?
The largest registered holder of SPN shares in the FY2025 top-20 register was Southland Regional Council, with 66.48%, followed by Forsyth Barr Custodians Limited (6.51%) and Russell John Field and Anthony James Palmer (5.03%). Custodians and nominees on the register hold shares on behalf of other investors.
What is South Port New Zealand Limited's governance score?
South Port New Zealand Limited has an NZXplorer Governance Risk Score of 87/100 (Excellent) for FY2026, based on 70% data coverage.
When is the South Port New Zealand Limited annual meeting?
South Port New Zealand Limited's next annual meeting is scheduled for 28 October 2026.
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