Ashdod Port reported record first-quarter revenue of NIS 331 million in 2026, while Chairman Shaul Schneider secured a second term at the helm of the company.
Revenue increased 10% from NIS 302 million in the first quarter of 2025.
The Appointments Committee of the Government Companies Authority approved Schneider’s reappointment following a recommendation from Transport Minister Miri Regev and Minister David Amsalem.
Schneider has led Ashdod Port for the past three years. During that period, the port faced regional security challenges, global supply chain disruptions and growing competition from private terminals.
According to the company, Ashdod Port’s valuation doubled during Schneider’s first term.
The port maintained growth despite the impact of Operation “Lion’s Roar.”
Net profit reached NIS 12 million in the first quarter, compared with NIS 20 million a year earlier.
EBITDA totaled NIS 50 million, down from NIS 61 million in the corresponding period.
The company attributed the decline to a one-time provision of NIS 39 million for employee bonuses and war-related grants. Excluding this item, Ashdod Port reported strong operational performance.
Vehicle imports delivered the strongest growth during the quarter.
The port handled around 30,000 vehicles, up 66% from approximately 18,000 units in the same period last year.
Container volumes remained stable at 186,000 units, giving the port a market share of 38.6%.
Bulk cargo volumes increased to 2.39 million tonnes from 2.27 million tonnes a year earlier. The port captured a market share of 50.7%.
General cargo volumes fell to 251,000 tonnes from 359,000 tonnes, reflecting weaker demand from the construction and equipment sectors.
Cruise operations remained suspended because of the security situation.
The port continued investing in infrastructure, operational equipment and technology during the quarter.
Schneider said ports remain strategic national assets that require continued investment and protection.
He added that Ashdod Port will continue operating as a competitive, innovative and business-focused gateway for Israel’s economy.
CEO Nissan Levy said the results highlight the port’s resilience and its critical role in maintaining the country’s supply chains during a challenging period.
