Napier Port reports 250,000 TEU: Forsyth Barr sets Napier Port Holdings stock target at NZD 4.40

Published on 10/20/2026 at 03:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Annual container volume held at 250,000 TEU for the year to September 30, 2026. Napier Port Holdings stock has a NZD 4.40 target.

Cargo mix and valuation

Annual container volume reached 250,000 TEU for the year ended September 30, 2026.
Forsyth Barr set a NZD 4.40 price target on October 2, 2026.
Napier Port Holdings had a market capitalization of NZD 718.6 million as of October 20, 2026.

NPH, NZNPHE0005S2, Illustration mit AI erstellt.

Napier Port Holdings (NZNPHE0005S2) reported 250,000 TEU of annual container volume for the year ended September 30, 2026, unchanged from the prior year, in an NZX release dated October 12, 2026. TradingView reported on October 2, 2026, that Forsyth Barr raised its price target to NZD 4.40.

Annual cargo tells two stories

The headline container figure hides a stronger mix. Full container volumes increased 5.00 percent, while empty and other movements fell 5.60 percent during the year ended September 30, 2026. Containerized exports rose 1.80 percent to 115,000 TEU, and imports increased 2.70 percent to 116,000 TEU, according to the NZX announcement.

Vessel activity also improved in the container business. Container vessel calls increased to 289 from 264 a year earlier, while reefer exports rose 5.00 percent to 54,000 TEU. That combination matters because Napier Port serves a regional economy tied to agricultural exports, paper products and fertilizer imports.

What changed in the cargo mix?

The counterweight was bulk cargo. Annual bulk volume declined 2.70 percent to 3.3 million tonnes, with bulk imports down 7.20 percent to 589,000 tonnes. Cruise calls also fell to 55 in the 2026 season from 78 in the prior season, showing that the stronger container mix did not offset every pressure point.

Napier Port's operating profile remains concentrated in regional infrastructure and trade flows. The company describes its port as a gateway for Hawke's Bay and the lower North Island, handling container and bulk cargo and hosting cruise visits through its investor centre.

Valuation follows the operating split

Napier Port Holdings had a market capitalization of NZD 718.6 million as of October 20, 2026. The Frankfurt Stock Exchange quotation stood at EUR 1.68 on October 16, 2026, while the NZX remains the primary listing venue for the stock.