Terminal operations net higher revenue for Kingston Wharves

 

 

 For Kingston Wharves Limited (KWL) for the three-month period ended March 31, 2025, achieved consolidated revenues of $2.8 billion, a 10 per cent or $246 million increase over the corresponding period in 2024.

Net profit attributable to shareholders of $760 million increased by 6 per cent or $44 million relative to the prior year. Earnings per share for the quarter increased by 9 per cent to 54.66 cents compared to 50.08 cents in the prior year.  

The Terminal operations division generated revenue of $2.1 billion for the three months ended March 31, 2025. This was 18 per cent or $316 million above the corresponding period of the prior year.

Divisional operating profits increased by 18 per cent from $505 million in the prior year to $596 million. The improved performance in this division was driven by an increase in transshipment activities.

Management noted that the  multi-purpose nature of the business helps cushion the impact of fluctuations across cargo types.

“ KWL’s investment in its multi-purpose cargo-handling capabilities and digital infrastructure have enhanced operational efficiencies and service delivery.”

 The Logistics services division generated revenues of $1 billion for the three-month period, an increase of 4 per cent or $36 million over the prior year. Operating profits for the division decreased by 33 per cent compared to 2024, moving from $375 million to $250 million.

The reduction in profits is related, in part, to a review and reallocation of certain head office charges to this division to improve the insight into underlying operating performance and to strengthen cost accountability.

Management noted that the operating performance also reflected a general slowdown in the LCL and logistics activities linked to broader economic conditions in Jamaica and its major trading partners.

They said, “Kingston Wharves enters the remainder of 2025 with cautious optimism amid an increasingly complex global trade environment shaped by the introduction of new tariffs and shipping related charges between the USA and other nations. These changes are likely to disrupt traditional supply chains and global trade routes. This may create uncertainty for shipping lines, cargo owners and economies generally but may also create opportunities KWL plans  said that continued investments in infrastructure—including upgrades to  container yard, cargo-handling equipment, and digital systems—will support increased cargo volumes, improve efficiency, and strengthen  ties to critical shipping services.

Caribbean Money Daily.