TasPorts 2024–25 Annual Report

TasPorts’ 2024–25 Annual Report has been released.

The report provides an overview of the organisation’s performance during the 2024–25 financial year, including operational highlights, financial results and progress on key projects across Tasmania’s ports and related assets.

TasPorts FY2025 Annual Report can be accessed here.

Key Highlights

Strong Financial and Operational Performance

In FY2025, TasPorts delivered another strong year of results, balancing the need for continued investment in critical infrastructure with disciplined cost control and operational efficiency:

• Achieving $11.9 million net profit after tax
• Delivering $10.1 million dividend to the Tasmanian Government
• Moving 14.3 million tonnes of freight through TasPorts’ network right across Tasmania.

TasPorts’ ports at Burnie, Devonport, Bell Bay and Hobart continued to support key industries from forestry and mining to agriculture and logistics, whilst across the state Tasmania’s cruise sector saw 131 ship visits and more than 354,000 passengers and crew, supporting Tasmania’s visitor economy.  

Subsidiary Bass Island Line completed 124 sailings to King Island, transporting nearly 69,000 tonnes of freight, and Devonport Airport recorded an 11% increase in passengers, with nearly 136,000 travellers across more than 3,500 flights.

Our People and Culture

FY2025 saw continued improvement in safety and wellbeing outcomes, as well as a focus on leadership development and diversity through programs like the NextGen Graduate Program.

TasPorts is also advancing initiatives to foster a more inclusive and representative workforce that reflects the communities it serves.

At the heart of TasPorts are our people. From our marine crews to operations teams, airport staff and those in corporate roles, every one of our 338 employees contributes to keeping Tasmania connected.  Their expertise, commitment and pride in their work ensures our ports continue to serve our customers, stakeholders, communities and Shareholders for the benefit of all Tasmanians.

Investing in Tasmania’s Future

TasPorts continued to progress several major capital projects to ensure Tasmania’s port system remains capable of supporting long-term trade, tourism and economic growth.  

Key initiatives across FY2025 included:

• Devonport QuayLink Project with TasPorts completing its defined scope of marine infrastructure works at the Spirit of Tasmania’s new Berth 3E on time and under budget, forming part of a broader redevelopment of the Port of Devonport.  
• Macquarie Wharf Redevelopment with TasPorts progressing key planning milestones for this multi-stage project to modernise Hobart’s working port and position it as a leading gateway for Antarctic science and trade.  
• Bell Bay Ship Loader Replacement planning and procurement progressed to deliver improve safety and operational efficiency.
• Planning for the Bass Strait Renewable Energy Terminal to position Tasmania at the forefront of Australia’s clean energy transition.

These investments reflect TasPorts’ long-term commitment to building resilient, future-ready infrastructure for Tasmania’s economy.

Sustainability and Community

TasPorts achieved EcoPorts certification across all major ports in FY2025, alongside completing climate-risk assessments and internal scoping of future emissions reduction priorities intended to support TasPorts’ work towards a net zero emissions target.  

The company’s environmental leadership was recognised with the Biosecurity Tasmania Industry Award for excellence in marine pest management.

TasPorts also provided more than $600,000 in community support, including $100,000 in community grants, continuing its strong tradition of local partnerships — from schools and surf lifesaving to regional events and cultural initiatives.