Shaul Schneider, Chairman of Ashdod Port Company's Board of Directors:
"The results reflect the company's resilience and its ability to return to profitability quickly, despite geopolitical turbulence and intensifying competition from new ports. We continue to implement our competitive strategy with determination and consistency, supported by a professional and dedicated management team — something clearly evident in our results. I wish to thank all the port's employees who continue to rise to every task — both in terms of security and economy."
Nissan Levy, CEO of Ashdod Port Company:
"The first quarter of the year reflects continued recovery and growth in cargo volume loaded and unloaded at the port, compared to the same period last year, which was impacted by intense warfare. The company is returning to profitability and preparing for the possibility of an accelerated pace of growth and recovery in the economy. These results were achieved thanks to the commitment of the port's employees, who continue to work hard and consistently while providing optimal service to our clients. This is also reflected in the shortened operational queue time."
Ashdod Port Company Ltd. – Financial Results for Q1 2025
- Revenue for the first quarter of the year totaled NIS 302 million, compared to NIS 214 million in the same period last year — an increase of 40%.
- The first quarter reflects a return to profitability, with operating profit (before other expenses) of NIS 25 million, compared to an operating loss of NIS 24 million in the same period last year, which was marked by the intense combat phase of the "Iron Swords" war.
- Net profit for the first three months of 2025 amounted to NIS 20 million, compared to a net loss of NIS 7 million in the same period last year.
- EBITDA in Q1 2025 was NIS 57 million, compared to NIS 7 million in Q1 2024.
- Other expenses in Q1 2025 amounted to NIS 4 million, compared to NIS 8 million in Q1 2024.
- Net finance income for Q1 2025 stood at NIS 5 million, influenced by capital market results, compared to NIS 8 million in Q1 2024.
- Equity as of March 31, 2025, totaled NIS 2,776 million, compared to NIS 2,577 million on March 31, 2024.
The port's financial results reflect overall port activity, including the container, vehicle, general cargo, bulk, and cruise ship sectors.
- Container sector: In the first three months of 2025, the volume of containers loaded and unloaded at the port totaled 186,000 TEUs, compared to 168,000 TEUs in the same period last year — an increase of approximately 11%. The local market share for containers remained stable at 41.5%.
- Vehicle sector: In the first three months of 2025, approximately 18,000 vehicles were unloaded at the port, compared to 7,000 vehicles in the same period last year.
- Bulk sector: In the first three months of 2025, 2,278 thousand tons of bulk cargo (excluding fuel transported via marine pipelines) were loaded and unloaded, compared to 2,110 thousand tons in the same period last year. Most cargo types saw increases, including potash and phosphate, cement, coal, and grain products.
- General cargo in the first three months of 2025 totaled 359 thousand tons, compared to 180 thousand tons in the same period last year. The growth reflects the economic recovery and increased demand in the construction sector.
- Cruise ship sector: The "Iron Swords" war temporarily halted activity in this area, but the port is preparing for its renewal.
David Amsalem, Minister for Regional Cooperation and in charge of the Government Companies Authority:
"Ashdod Port Company continues to present excellent and impressive performance even in the first quarter of 2025, demonstrating stability and profitability even while we are still at war and facing uncertainty. Ashdod Port Company has been and will continue to be a model of responsible and successful government enterprise activity. These are very impressive financial results, repeatedly demonstrating the company's financial strength and resilience. I wish to thank and salute all the managers, female and male employees, and everyone involved in this important work."
