Shannon Foynes Port Company has reported a landmark financial performance for 2025, with turnover rising 12% to EUR 17.63 million and both EBITDA and operating profit reaching historic highs.
EBITDA exceeded EUR 8 million for the first time, while operating profit reached EUR 5.71 million, up from EUR 4.81 million in 2024. Operating margin increased to 32.4% and EBITDA margin stood at 45.4%.
Revenue growth was driven by robust performance across the port’s operations, with ship and cargo revenues increasing EUR 0.8 million or 10.1%.
Total Shannon Estuary throughput rose 2.2% to 9.35 million tonnes, with Foynes Port recording its highest-ever annual tonnage, up 10.8% year-on-year.
The company ended 2025 with a balance sheet value of EUR 71.6 million, net debt of EUR 6.9 million, a reduction of EUR 3 million on the previous year, and net assets of EUR 72 million, representing 240% growth over the preceding decade.
Capital additions of EUR 4.59 million in the year related primarily to construction work in progress and the consenting process for the Foynes Island Deepwater development.
The company’s Strategic Plan 2026-2030 identifies EUR 210 million in planned capital expenditure to develop port facilities and support long-term demand.
Two significant connectivity milestones are approaching. The 40-kilometre Limerick to Foynes rail line is scheduled to reopen for freight services in the first quarter of 2027, representing a key enabler for sustainable logistics from Foynes and supporting Ireland’s Climate Action Plan modal shift objectives.
The Adare bypass road project remains on schedule for completion by summer 2027, with financial appraisals underway for the Foynes sections and completion of the full scheme required by 2030 to comply with the TEN-T Regulation.
CEO Pat Keating described the results as demonstrating the value of growing revenues, managing costs and maximising the capacity of the Foynes and Limerick terminals, while reaffirming commitment to the Vision 2041 priorities including offshore renewable energy infrastructure.
Chairman Michael Walsh highlighted investment in Shannon Foynes as capable of unlocking significant societal benefits including job creation, carbon reduction and alternative fuel provision, with Ireland targeting 20GW of offshore renewable energy by 2040 and 37GW by 2050.
He welcomed the launch of the National Designated Maritime Area Plan as an important milestone in providing clarity on future revenue streams for port developments including Foynes Island Deepwater Port.
