PNG Ports Corporation Limited (PNG Ports) has declared an interim dividend of K22.5 million to its shareholder, Kumul Consolidated Holdings (KCH), for the 2025 financial year, drawn from an estimated Net Operating Profit After Tax (NOPAT) of K90 million.
The final dividend for FY2025 will be declared following completion of PNG Ports’ audited financial statements.
The result reflects PNG Ports’ standing as one of Papua New Guinea’s most stable and resilient State-Owned Enterprises, with the Corporation’s 15 ports facilitating trade and cargo movement valued at approximately K28.9 billion a year. In 2025 alone, the network handled 10.8 million tonnes of cargo across 4,838 vessel calls.
Chief Executive Officer Neil Papenfus said the result reflected the discipline behind PNG Ports’ operations.
“PNG Ports Corporation Limited has once again delivered consistent value to the State. This marks the second consecutive year that PNG Ports has declared the same interim dividend amount, underscoring our steady, reliable, and disciplined financial performance,” said Mr. Papenfus.
“Our success is driven by efficiency gains, growth in core revenue streams — wharfage, berthage, storage, pilotage, and terminal leasing — and strategic investments in modernising facilities at Motukea, Lae, and Kimbe,” he said.
Minister for State Enterprises Hon. William Duma welcomed the dividend as evidence of the Marape-Rosso Government’s ongoing State-Owned Enterprise reform program.
“This reflects sound financial management, and the determination of the Board of Directors, management and employees of PNG Ports to make our ports system both commercially visible and nationally beneficial,” said Minister Duma.
“The profit once again delivered by PNG Ports is a shining example of how an SOE can be successfully run as a business while continuing to deliver essential and crucial services for our people,” he added.
PNG Ports continues to maintain 12 Community Service Obligation (CSO) ports — ports that operate at a loss or below commercial viability but are maintained to ensure remote provinces stay connected — alongside ongoing modernisation works under its 30-Year Port Infrastructure Master Plan.
