Channel Infrastructure reports 829 million litres for Channel Infrastructure stock

Published on 10/25/2026 at 02:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter throughput reached 829 million litres on October 14, 2026. Channel Infrastructure stock is valued at NZD 1.3 billion.

Operational update and growth projects

Channel Infrastructure reported 829 million litres of throughput for the third quarter on October 14, 2026.
Revenue reached NZD 72.9 million in the first half of fiscal year 2026, according to an October 6, 2026 review.
Channel Infrastructure had a market capitalization of NZD 1.3 billion as of October 23, 2026.

CHI, NZNZRE0001S9, Illustration mit AI erstellt.

Channel Infrastructure (ISIN NZNZRE0001S9) handled 829 million litres of fuel in the third quarter ended September 30, 2026, keeping throughput broadly in line with the same quarter of 2025. The operational update released on October 14, 2026, also showed that 14 import shipments were received and discharged, compared with 12 a year earlier, according to NZX.

Storage contracts add visibility

The update puts the company's latest operating data beside a longer-term contract. In late August 2026, Channel Infrastructure entered into a 15-year agreement with bp for additional jet and diesel storage at Marsden Point. The contract is expected to generate NZD 130 million of revenue over its term, while work to repurpose the tanks began in September 2026, according to the NZX.

The company is also progressing a bitumen import terminal, with delivery scheduled for late fourth quarter 2026. Conversion spending reached NZD 194 million at September 30, 2026, compared with NZD 193 million at June 30, 2026, and remained within budget.

What do the margins signal?

The first-half results provide the financial comparison behind the operating update. Revenue increased 4 percent year over year to NZD 72.9 million in the six months ended June 30, 2026, while EBITDA rose 1 percent to NZD 48.8 million. Net profit after tax increased 47 percent to NZD 19.3 million, while the EBITDA margin was 67 percent against 69 percent in the prior-year period, according to Kapitales Research.

Three dates explain the progression

On August 28, 2026, the company reported first-half revenue of NZD 72.9 million and EBITDA of NZD 48.8 million. On September 24, 2026, its dividend reinvestment transactions used a price of NZD 3.4012 per share. On October 14, 2026, the third-quarter update reported 829 million litres of throughput and 14 import shipments.

Next milestones are project-led

The bitumen terminal is scheduled for late fourth quarter 2026, while the final phase of the bund upgrade program is scheduled to continue through the end of 2027. Net borrowings stood at NZD 365 million at September 30, 2026, up from NZD 346 million at June 30, 2026, following the interim dividend payment.

Channel Infrastructure remains infrastructure-led

Channel Infrastructure's operating profile combines contracted storage fees with throughput-linked revenue. About 50 percent of contracted revenue consists of fixed or capacity-based fees, while the rest depends on fuel throughput, according to the October 14, 2026 update. Channel Infrastructure had a market capitalization of NZD 1.3 billion as of October 23, 2026.