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Channel Infrastructure NZ Reports Strong 2024 Performance

Channel Infrastructure NZ Reports Strong 2024 Performance

Channel Infrastructure NZ Limited ( (NZRFF) ) has released its Q4 earnings. Here is a breakdown of the information Channel Infrastructure NZ Limited presented to its investors.

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Channel Infrastructure NZ Limited, a key player in New Zealand’s energy infrastructure sector, operates a fuels import terminal and is strategically positioned with unique assets such as the country’s only natural deep-water harbor. In its 2024 Annual Report, the company highlighted a strong financial performance with a 7% increase in revenue to $139.8 million and an EBITDA of $95.1 million, reflecting a robust conversion of 67% to free cash flow. The company also secured three significant growth contracts expected to generate an additional $120 million over 15 years. Channel Infrastructure continues to invest in infrastructure upgrades and has made strides in energy transition projects, including a proposed biorefinery at Marsden Point. Looking forward, the company expects FY25 EBITDA to be between $89-94 million, with continued investments in resilience and growth, positioning it well for future opportunities in New Zealand’s evolving energy landscape.

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