Westports Q2 Net Profit Surges 56% to RM361 Million on Tariff Hikes

Photo containers at Westports - Photo: Westports

KUALA LUMPUR: 23 , July, 2026 — Westports Holdings Berhad delivered a stellar financial performance for the second quarter ended June 30, 2026 (2Q2026), driven by upward revisions in container tariffs and stronger demand for value-added services. The port operator reported a 56% surge in net profit, demonstrating operational resilience despite ongoing global supply chain adjustments and geopolitical uncertainties.

According to its financial report submitted to Bursa Malaysia on Thursday, Westports recorded a profit after tax (PAT) of RM360.90 million for 2Q2026, up significantly from RM231.63 million registered in the corresponding quarter of the previous year (2Q2025).

Profit before tax (PBT) for the quarter under review grew 57% year-on-year to RM471.28 million compared to RM300.51 million previously. The company attributed this bottom-line growth primarily to higher gross profit margins following recent tariff implementations.

Westports Q2 Net Profit

Westports’ operational revenue for 2Q2026 rose 33% to RM808.21 million compared to RM607.29 million in 2Q2025. Total reported revenue, which includes construction revenue under service concession arrangements, expanded 25% year-on-year to RM866.89 million against RM691.06 million previously.

For the cumulative six-month period ended June 30, 2026 (6M2026), Westports posted a 51% jump in net profit to RM687.40 million compared to RM454.09 million in 6M2025. Cumulative PBT similarly surged 51% to RM897.78 million from RM592.98 million. Operational revenue for the half-year period reached RM1.56 billion, reflecting a 30% increase from RM1.20 billion achieved in the previous corresponding period, bolstered by container volume growth and elevated value-added services (VAS) revenue.

Sequentially, Westports maintained its growth momentum. The group’s 2Q2026 operational revenue grew 7% compared to RM752.99 million recorded in the first quarter of 2026 (1Q2026), while net profit rose 11% quarter-on-quarter from RM326.50 million, supported by steady volume throughput.

interim dividend

In light of the robust performance, the Board of Directors approved a first interim dividend of 14.98 sen per share for the financial year ending December 31, 2026, amounting to a payout of RM514.78 million. This represents a significant increase from the 9.93 sen per share paid in the corresponding period last year. The dividend comprises a cash portion of 11.99 sen per share and an electable portion of 2.99 sen per share under the group’s Dividend Reinvestment Plan (DRP).

Looking ahead, Westports expressed cautious optimism regarding its operational prospects for the remainder of 2026. The group noted that while energy supply conditions are recovering as Middle East tensions ease, lagged inflationary pressures could continue to affect global consumption and regional supply chain dynamics. Consequently, Westports expects its overall container throughput for the full year 2026 to remain roughly on par with 2025 levels.

Meanwhile, long-term expansion plans remain on track. Dredging and land reclamation works for Container Terminals 10 to 17 (CT10–CT17), which commenced in 2025, are progressing through a four-year timeline. The first new terminal, CT10, is slated to become operational by 2028 under an extended concession agreement running through 2070.

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