Earnings Guidance Update

25/06/2025 15:00 NZST, MKTUPDTEP

NZX Announcement

SOUTH PORT NEW ZEALAND LIMITED

NZX: SPN: South Port New Zealand

25 June 2025

Earnings Guidance Update

At the date of releasing its interim result in February 2025, South Port New Zealand provided guidance that its full year earnings for FY25 should be above the upper end of the previous forecast range, $9.3M to $10.3M, indicated at the Annual Shareholders Meeting in October 2024.

Due to higher than expected bulk and containerised volumes being handled late in the last quarter, the Company now expects its full year earnings for FY25 to exceed $12.5M.

This is a pleasing position and is reflective of both a strong dairy sector and a recovery of forestry exports in the southern region.

For further information contact:

Mr Nigel Gear

Chief Executive

South Port New Zealand Ltd

Tel: (03) 212 8159

Email: ngear@southport.co.nz

Mr Philip Cory-Wright

Chair

South Port New Zealand Ltd

Mobile: 021 767 828

Email: philip@cory-wright.co.nz