HONG KONG, March 18, 2026 /PRNewswire/ -- COSCO SHIPPING Ports Limited ("COSCO SHIPPING Ports" or "CSP" or the "Company", SEHK: 1199), the world's leading ports logistics service provider, today announced the annual results of the Company and its subsidiaries (the "Group") ended 31 December 2025.
2025 FY Results Highlights
Total throughput increased by 6.2% YoY to 152,994,965 TEU
Total equity throughput increased by 3.4% YoY to 46,850,076 TEU
Total throughput from terminals in which the Group has controlling stakes increased by 1.8% YoY to 33,246,933 TEU
Total throughput from the Group's non-controlling terminals increased by 7.5% YoY to 119,748,032 TEU
Revenue of the Company increased by 11.0% YoY to US$1,669,017,000
Profit attributable to equity holders of the Company increased by 1.1% YoY to US$312,141,000
Declared a second interim dividend of US1.328 cents per share
FINANCIAL REVIEW
In 2025, the port and shipping market faced pressure amid slowing global trade growth, tariff adjustments, trade protectionism, and geopolitical uncertainties. Leveraging lean operations management and resource process optimization, COSCO SHIPPING Ports maintained its operational resilience and core competitiveness. Annual revenue of the Company amounted to US$1,669.0 million, increased by 11.0% YoY, cost of sales was US$1,253.5 million, increased by 15.4% YoY. Gross profit was US$415.5 million, decreased by 0.3% YoY. Share of profits from joint ventures and associates amounted to US$343.4 million, increased by 7.3% YoY. During the year, profit attributable to equity holders of the Company was US$312.1 million, increased by 1.1% YoY.
OPERATIONAL REVIEW
Market Review
In 2025, despite a complex and severe external environment, China's economy advanced under pressure, achieving relatively rapid growth in its merchandise trade and demonstrating strong resilience and vitality. According to statistics from the General Administration of Customs of China, in 2025, the total of China's import and export reached RMB45.47 trillion in 2025, marking a year-on-year increase of 3.8%, maintaining its position as the world's largest merchandise trader. Specifically, exports amounted to RMB26.99 trillion, posting a YoY increase of 6.1%, while the amount of imports grew by 0.5% YoY to RMB18.48 trillion. Notably, robust growth was recorded in trade with emerging markets such as ASEAN, Latin America, and Africa, with respective year-on-year increases of 8.0%, 6.5%, and 18.4%.
Overall Performance
In 2025, the Group's total throughput increased by 6.2% YoY to 152,994,965 TEU (2024: 144,032,722 TEU). Specifically, total throughput from terminals in which the Group has controlling stake increased by 1.8% YoY to 33,246,933 TEU (2024: 32,655,388 TEU), accounting for 21.7% of the Group's total, and the total throughput from non-controlling terminals increased by 7.5% YoY to 119,748,032 TEU (2024: 111,377,334 TEU), accounting for 78.3% of the Group's total.
During the year, the Group's total equity throughput increased by 3.4% YoY to 46,850,076 TEU (2024: 45,318,318 TEU). The equity throughput from terminals in which the Group has controlling stake decreased by 2.0% YoY to 19,566,743 TEU (2024: 19,958,253 TEU), accounting for 41.8% of the Group's total, and the equity throughput from non-controlling terminals increased by 7.6% YoY to 27,283,333 TEU (2024: 25,360,065 TEU), accounting for 58.2% of the Group's total.
China
Total throughput of the terminals in China increased by 4.6% YoY to 114,836,474 TEU in 2025 (2024: 109,808,199 TEU) and accounted for 75.1% of the Group's total throughput. Total equity throughput of terminals in China increased by 1.6% YoY to 32,786,033 TEU (2024: 32,279,961 TEU), accounting for 70.0% of the Group's total equity throughput.
Bohai Rim
Total throughput of the Bohai Rim region increased by 5.1% YoY to 52,060,240 TEU in 2025 (2024: 49,550,213 TEU) and accounted for 34.0% of the Group's total. Total equity throughput of the Bohai Rim region decreased by 0.2% YoY to 13,261,079 TEU (2024: 13,282,472 TEU) and accounted for 28.3% of the Group's total equity throughput. The total throughput of Dalian Container Terminal Co., ...
