Petaling Jaya, 1st August 2025
Westports Holdings Berhad (“Westports” or the “Company”) has announced its financial results for the 2nd quarter and the six months ended 30th June 2025. During the first half of the year, Westports achieved a total revenue of RM1,312 million, as the Company handled a container volume of 5.57 million TEUs. The intra-Asia trade continued to underpin Westports’ container volume as the trade lane accounted for 61% of the volume handled. Meanwhile, the Conventional segment handled and facilitated a throughput of 5.71 million metric tonnes of bulk cargo during the six-month period, with notable growth in the dry bulk segment.
Westports operates 24 hours a day with a staff strength of 5,600. The operational workforce cost is the most significant cost component, increasing by 8%. The Company has increased its payments to the port authority under the extended supplemental privatisation agreement, which commenced on 1st September 2024. The cash flows statement reflected higher service concession-related assets and obligations. At the bottom line, the Company reported a Profit After Tax of RM454 million for the 6-month period of 2025.
Datuk Ruben Emir Gnanalingam, the Executive Chairman of Westports, assessed that, “The US economy remained resilient despite trade tariffs, whereas the region’s demand for container handling remained strong due to a container shipping alliance restructuring. At Westports, we anticipate favourable demand for container terminal handling facilities by the time the Company commissions the expanded container terminal CT10 into service in 2028.”
