Valenciaport closes 2024 with revenue growth

The Port Authority of Valencia concluded the 2024 financial year with robust consolidated results, underscoring its financial strength and operational efficiency, key pillars of the port’s long-term strategy outlined in the 2035 Strategic Plan.

These results provide a solid foundation for the ambitious €902.42 million Investment Plan for 2025–2029, recently approved by State Ports and highlighted by APV President Mar Chao as essential to maintaining Valenciaport’s competitive edge.

In 2024, APV achieved net profits of €28.99 million, reflecting a 25.37% increase compared to the previous year. Total revenues reached €150.73 million, up from €141.27 million in 2023,an annual growth of 6.7%.

Operating expenses were also carefully managed. Other operating expenses decreased by 1.51%, down to €51.23 million.

However, personnel costs rose by 13.25%, totaling €29.88 million. This increase was attributed to a rise in the average workforce, from 467 to 488 employees, and to the impact of collective bargaining agreements, including employee reclassifications and the consolidation of productivity and skills.

President Mar Chao presented the audited consolidated accounts to the APV Board of Directors, who unanimously approved the financial results.

Chao also briefed the Board on terminal traffic figures for June and the overall performance during the first half of the year. From January to June 2024, Valenciaport handled 2,833,919 containers, a 3.84% increase compared to the same period in 2023.

On a rolling year basis, the port managed 5,580,598 TEUs, marking an 8.33% rise year-on-year.

The data also pointed to a shifting market dynamic.

While transshipment traffic posted more than 6% year-on-year growth, it declined by 1.75% over the past six months. In contrast, import/export traffic continues to grow steadily, helping to offset fluctuations in transshipment volumes, mirroring a broader trend observed across Spain’s port network.

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