Record financial result and performance milestone
achieved in FY25
We are pleased to share the LPC
Annual Report for the financial year 2025.
A record
financial result, a focus on operational efficiency, and
restructuring for success are reflected in the Lyttelton
Port Company’s results this year.
LPC saw a marked
improvement in operational efficiency, with ship turnaround
times dropping from 52.7 hours in 2023 to 34.8 hours in
2024, an overall decrease of 33.6%. In addition, we recorded
one of the largest year-on-year improvements globally in the
World Bank CPPI rankings, moving from 385th to 273rd among
ports worldwide.
Health and safety remain
a top priority; leadership, staff engagement, and
productivity are vital to our performance as a business and
infrastructure hub for the South
Island.
Key initiatives during this
period include a significant investment in a new stage of
port reclamation, the development of a new operational
structure for our container terminal, and the combined
development of the business case for the Te Awaparahi Bay
development.
LPC aims to promote sustainable trade
growth for Christchurch, Canterbury and the South Island.
This requires boosting profitability, securing long-term
trade connections, maintaining LPC’s economic
sustainability and developing the South Island Hub.
We
remain dedicated to driving progress and delivering value to
our stakeholders.
The
LPC Annual Report here:
https://www.lpc.co.nz/wp-content/uploads/2025/09/LPC0681-Annual-Report-Final.pdf
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