COSCO SHIP PORT Reports $800 Million Revenue in First Half of Year

Deep News
Sep 01

On August 28, COSCO SHIP PORT released its interim results announcement for 2025. For the six months ended June 30, the company recorded revenue of $806 million, representing a year-on-year increase of 13.6%. Gross profit reached $219 million, up 10.3% year-on-year, while net profit attributable to shareholders totaled $182 million, surging 30.6% compared to the same period last year.

According to the announcement, COSCO SHIP PORT's total throughput reached 74.3 million TEU, marking a 6.4% year-on-year growth. Controlling terminals handled 16.48 million TEU, up 3.6% year-on-year, while non-controlling terminals processed 57.81 million TEU, representing a 7.2% increase.

The financial review section highlighted that the company's share of profits from joint ventures and associates rose 13.1% year-on-year to $176 million in the first half of 2025. Profits from controlling terminals were primarily driven by Piraeus Port, Xiamen Ocean Gate Terminal, and Guangzhou Nansha Seaport Terminal. Several controlling terminals saw profit increases due to higher throughput volumes, changes in cargo mix, and rate improvements.

Non-controlling terminals also contributed to profit growth, with overseas non-controlling terminals showing year-on-year increases in attributable profits.

During the first half of the year, COSCO SHIP PORT leveraged its global terminal network's efficient connectivity capabilities and continued to capitalize on synergies with its parent company's dual brands and the Ocean Alliance. Both total container throughput and profit attributable to equity holders achieved year-on-year growth.

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