Q1 2025 Operational Results
International Joint-Stock Company Global Ports Investments (“Global Ports” or the “Company”, together with its subsidiaries and joint ventures — the “Holding”, part of the Delo Group) today announces its operational results for Q1 2025.
In Q1 2025, Russian marine container market increased by 2.5% y-o-y. Total container throughput at Russian marine terminals amounted to 1,376 thousand TEU compared to 1,343 thousand TEU in Q1 2024. At the same time, the trend towards redistribution of demand for marine container handling in favour of the Baltic basin (+12.7% y-o-y) continued, while container throughput in the Far East basin decreased by 6.6% y-o-y.
In Q1 2025, consolidated container throughput of Global Ports’ marine terminals grew at the market level, or by 2.5% y-o-y, and amounted to 304 thousand TEU.
Consolidated marine non-containerised cargo throughput slightly decreased by 3.2% y-o-y and totalled 1.7 million tonnes in Q1 2025. The significant increase in fertilizer throughput (+30.6% y-o-y to 1.2 million tonnes) was not enough to fully compensate the decline in coal handling (-61.1% y-o-y to 0.3 million tonnes) due to the weak market conditions on foreign coal markets and the decrease in Russian coal export volumes, as a whole.
The Holding intends to further increase the handling of mineral fertilizers and invests in the corresponding infrastructure. In Q1 2025, the Company launched a specialised facility to handle bulk cargo using container technology at the Petrolesport terminal. The capacity of this new bulk cargo terminal is 2.4 million tonnes per year.
Key operational information:
Rounding adjustments have been made to calculate some of the operational information included in this release. As a result, numerical figures and percentages shown as totals in some tables may not be exact arithmetic aggregations.
| Q1 2025 | Q1 2024 | Diff. y-o-y | |
|---|---|---|---|
| Global Ports consolidated results | |||
| Consolidated marine container throughput (thousand TEU) | 304 | 297 | 2.5% |
| Baltic basin | 213 | 155 | 38.1% |
| Far East basin | 91 | 142 | -36.2% |
| Consolidated marine non-containerised cargo throughput (thousand tonnes) | 1,704 | 1,762 | -3.2% |
| Ro-Ro and cars (thousand units) | 2.5 | 0.4 | 490.1% |
| Coal and coke (thousand tonnes) | 299 | 767 | -61.1% |
| Fertilizers (thousand tonnes) | 1,206 | 923 | 30.6% |
| Other non-containerised cargo (thousand tonnes) | 200 | 71 | 179.5% |
| Inland terminal | |||
| Container throughput (thousand TEU) | 17 | 15 | 16.7% |
| Non-containerised cargo throughput (thousand tonnes) | 27 | 35 | -21.1% |
| Russian container market (thousand TEU) | |||
| Total market | 1,376 | 1,343 | 2.5% |
| Baltic basin (incl. Kaliningrad) | 460 | 409 | 12.7% |
| incl. terminals of St. Petersburg | 397 | 352 | 12.8% |
| Northern ports | 43 | 41 | 5.7% |
| South ports | 299 | 280 | 6.9% |
| Far East basin | 573 | 613 | -6.6% |
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Global Ports Investor Relations +7 (812) 459 42 42 +7 916 991 73 96 E-mail: ir@globalports.com |
Global Ports Media Relations +7 (812) 459 42 42 ext. 2887 +7 921 963 54 27 +7 919 463 75 01 E-mail: pr@globalports.com |
NOTES TO EDITORS
Global Ports is the leading operator of container terminals in the Russian market in terms of capacity and container throughput.1 Global Ports operates 5 (five) container terminals in the Russian Baltics and Far East, and 2 (two) container terminals in Europe. Global Ports also owns inland container terminal located in the vicinity of St. Petersburg. Global Ports’ Consolidated Marine Container Throughput was 1,152 thousand TEU in 2024. Global Ports’ major shareholder is Delo Group, the largest Russian transport and logistics holding company, which owns and manages a network of marine and inland railway container terminals, a fleet of container flatcars, containers, and fitting platforms, as well as its own fleet of vessels.
Additional information about Global Ports can be found on the Company’s official website, as well as in the official telegram channel of the Delo Group.
1 Company estimates based on FY 2024 throughput and the information published by the ASOP.
LEGAL DISCLAIMER
Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward-looking statements by terms such as “expect”, “believe”, “anticipate”, “estimate”, “intend”, “will”, “could,” “may” or “might” or the negative of such terms or other similar expressions. Any forward-looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks and Global Ports wishes to caution you that these statements are only predictions, and that actual events or results may differ materially from what is expressed or implied by these statements. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.