Dublin Port Company’s pre-tax profits rose by 2.6pc to €35.9m in 2024, despite a €1.7m vacant site levy.
Revenues increased by 5pc to €106.26m, driven by price increases and towage/pilotage services. Operating costs grew by 7.6pc to €67.5m, partly due to the vacant site cost. Port throughput fell by 1.2pc to 35.2m tonnes, impacted by Tara Mines’ closure.
The company plans a €162.6m capital investment programme for 2025, including €50m for Masterplan Phase 2.
Barry O’Connell shared, “The increase in revenues was largely driven by price increases and increased activity levels in towage and pilotage services offsetting reduced volumes. Approximately 60pc of the decline was due to the closure of Holyhead in December which saw tourist passengers and vehicles down over 60pc.”
