Annual Report of Quayside Holdings Limited

Quayside Holdings Limited, the investment arm of the Bay of Plenty Regional Council (BOPRC), has released its Annual Report for the financial year ended 30 June 2025. The Annual Report outlines Quayside’s continued delivery on its mandate to grow and preserve an intergenerational investment fund, while providing a resilient annual distribution to the BOPRC. Key highlights include: Dividend Distribution: $47 million paid to BOPRC, supporting a reduction of general rates, by an average of $397 per property. Fund Value: increased to $2.7 billion, equating to approximately $19,000 per ratepayer. Group Profit: consolidated profit after tax was $172 million, a 101% increase on FY24, including a one-off gain of $49 million recognised by the Port of Tauranga following the disposal of an investment. Portfolio Performance: total portfolio return of 6.5% for the year, with a five-year rolling net return of 7.1%. The non-Port Investment Portfolio which spans over six asset classes exceeded $600 million. Asset Growth: include the following key investment highlights: Fixed Interest portfolio growth of 10.5% Global Listed Equities growth of 11.7% Real Estate investment in Tauranga Crossing up by 25.6% Regional Development: significant milestones for the Rangiuru Business Park were achieved, including: the opening of the motorway interchange; and sale of 60% of Stage 1A of the development, with further negotiations in progress. Quayside continues to assess strategic options regarding its shareholding in the Port of Tauranga. No transaction will proceed until market conditions are favourable and optimal outcomes for the region can be achieved. The strong financial performance and strategic progress made during the year reinforce Quayside’s commitment to supporting regional prosperity and long-term community benefit.