Half Year 2025 Trade Volumes

Napier Port (NZX.NPH) today releases trade volume data for the half year ended 31 March 2025. Compared to the same period a year ago, total container volumes increased 13.9%, total bulk cargo volumes decreased 9.2%, and cruise vessel calls decreased from 88 to 77. Chief Executive Todd Dawson said: “We have seen good momentum in our container volumes this first half. Pan Pac’s return to full pulp and timber operations has resulted in a strong uplift in our dry export container cargo volume, and good growing conditions contributed to an earlier apple picking season, bolstering our refrigerated container cargo volume. As a result of shipping line service changes, we processed significantly higher DLR and transhipment volume, compared to the same period last year. Softer bulk cargo volumes reflect the absence of windthrown logs, that we benefited from in our first half volumes last year. “We will provide a further update when we release our financial results for the half year on 21 May 2025” Mr Dawson said. Container Services Total container volumes for the second quarter of the 2025 financial year increased 21.4% to 68k TEU from 56k TEU in the same period a year ago. For the half year, total container volumes of 112k TEU increased 13.9% from 98k TEU in the prior period. Full container volumes (i.e. excluding empties and other container movements) during the half year period increased 13.6% and empty and other container movements increased 14.3%, compared to the same period a year ago. Reefer export cargo for the half year increased 3.7% to 19k TEU. Export apple volumes increased 78.4% whereas meat exports decreased 11.8%, and fresh and other chilled produce including squash and onions decreased 18.5%. Dry export cargo for the half year increased 30.2% to 26k TEU, mainly due to the reinstatement of Pan Pac’s wood pulp and timber mills, more than offsetting ceased WPI pulp and timber production, and higher general cargo. Containerised imports for the half year increased by 1.7% from 50k TEU to 51k TEU. Other container movements for the half year, including DLRs and transhipped containers, increased 135.3% from 5k TEU to 12k TEU due to increased restow activity and transhipments following service changes among container shipping lines. Container vessels were flat half year on half year at 124 calls. Bulk Cargo Total bulk cargo volume, compared to the same periods a year ago, decreased 8.8% for the second quarter to 0.80 million tonnes, and 9.2% for the half year to 1.71 million tonnes. Log export volumes decreased 108k tonnes, or 14.6%, for the second quarter and 197k tonnes, or 12.7% for the half year. Lower volumes were primarily due to the prior year period containing logs sourced from central north island windthrown forests. Charter vessel calls increased to 121 from 119 in the same half year period a year ago due to higher non-log bulk cargo volumes. Cruise Services There were 77 cruise vessel calls during the half year period, with one remaining call scheduled in May. In the same half year period a year ago there were 88 cruise vessel calls. Further information is included within the attachment. ENDS For more information: Investors Kristen Lie Chief Financial Officer DDI: +64 6 833 4405 E: kristenl@napierport.co.nz Media Jo-Ann Young Corporate Affairs Manager DDI: +64 6 833 4521 E: jo-anny@napierport.co.nz About Napier Port Napier Port is New Zealand’s fourth largest port by container volume. We are the gateway for Hawke’s Bay and lower North Island’s exports and operate a long-term regional infrastructure asset that supports the regional economy. Our strategic purpose is to collaborate with the people and organisations that have a stake in helping our region grow. View Napier Port’s investor centre: www.napierport.co.nz/investor-centre/