Following itsו record-breaking results in 2025, Ashdod Port Company continued its growth trajectory in the first quarter of 2026, posting a 10% increase in revenue compared to the corresponding period last year. Quarterly revenue reached a new record of NIS 331 million, with EBITDA of NIS 50 million and net profit of NIS 12 million, after recognizing a NIS 39 million provision for an employee bonus related to the Company's 2025 performance.
Shaul Schneider, Chairman of the Board of Directors of Ashdod Port, said:
"Ashdod Port continued to generate strong revenues in the first quarter of the year. The quarter concluded with a positive net profit of approximately NIS 12 million and EBITDA of NIS 50 million, despite the impact of Operation 'Roaring Lion' on the quarter's financial results. As always, the Port's employees rose to the challenge, fulfilling their national mission and maintaining full operational continuity. Thanks to their dedication, the Port preserved cargo throughput levels and continues to advance its operational equipment renewal program in preparation for growing demand."
Nissan Levy, CEO of Ashdod Port Company, said:
"The financial results of the first quarter of 2026, reflecting both ongoing business activity and the Port's role as a vital strategic national asset, demonstrate the Company's resilience and strength. Alongside the ongoing war, our development momentum has not slowed. We continued the expansion and preparation of the port's backland areas in accordance with our strategic plan, including the accelerated completion of the backland development of Berth 25. These results are a direct outcome of the dedication and professionalism of Ashdod Port's employees, who ensured uninterrupted operations throughout the period. As noted, the results were affected by the employee bonus provision relating to 2025, and excluding this impact, the Company's results were excellent."
Key Financial Highlights – Q1 2026
Net profit: NIS 12 million, compared with NIS 20 million in Q1 2025, primarily due to the employee war bonus provision.
Revenue: NIS 331 million, compared with NIS 302 million in Q1 2025, representing growth of approximately 10%.
Operating profit¹: NIS 9 million, while maintaining operational activity despite the impact of Operation "Roaring Lion." The figure includes the employee bonus provision. Operating profit in Q1 2025 totaled NIS 25 million.
EBITDA²: NIS 50 million, compared with NIS 61 million in Q1 2025.
No other expenses were recorded in Q1 2026, compared with NIS 4 million in other expenses in Q1 2025.
Net finance income: NIS 10 million, compared with NIS 5 million in Q1 2025.
Shareholders' equity as of March 31, 2026: NIS 2.714 billion, compared with NIS 2.776 billion as of March 31, 2025, reflecting ongoing profitability and the dividend declared in respect of 2025 results.
¹ Operating profit/loss from business activities before other expenses.
² Earnings before interest, taxes, depreciation and amortization (EBITDA).
The Port's financial results reflect all business segments, including containers, vehicles, general cargo, bulk cargo, and passenger vessels.
Business Segment Performance
Container Segment
Container throughput during the first three months of 2026 totaled approximately 186,000 TEUs, unchanged from the corresponding period in 2025, representing a 38.6% market share.
Vehicle Segment
Approximately 30,000 vehicles were unloaded at the Port during the first three months of 2026, compared with approximately 18,000 vehicles during the corresponding period last year.
Bulk Cargo Segment
During the first three months of 2026, the Port handled 2.388 million tons of bulk cargo (excluding fuel transported through offshore terminals), compared with 2.274 million tons during the corresponding period in 2025, representing a 50.7% market share.
General Cargo Segment
General cargo volume during the first three months of 2026 totaled 251,000 tons, compared with 359,000 tons during the corresponding period last year. The decline reflects broader market trends and reduced demand in the real estate and equipment sectors.
Cruise Passenger Segment
The current security situation has temporarily halted cruise ship activity, and the Port is preparing for its resumption.
Statements from Government Officials
Minister of Transport and Cabinet Member, Brig. Gen. (Res.) Miri Regev, said:
"Ashdod Port is a strategic asset for the State of Israel, and its impressive first-quarter results demonstrate the resilience, professionalism, and commitment of the Port's management and employees. Even during a complex security period, the Port continues to operate uninterrupted, achieve record revenues, and secure Israel's supply chain. We will continue investing in port development, infrastructure, and innovation to strengthen the Israeli economy and ensure efficient, advanced, and competitive services for the benefit of Israel's citizens."
Minister David Amsalem, responsible for the Government Companies Authority, said:
"I congratulate the management of Ashdod Port, its Board of Directors, and all employees for these impressive results and continued growth during a challenging security period. Ashdod Port is a strategic national asset, and these results demonstrate that even under significant challenges it is possible to maintain operational continuity, increase revenues, and continue investing in development for the benefit of the Israeli economy. The Port's ability to continue breaking revenue records, maintain profitability, and prepare for future demand is a testament to the professional, responsible, and dedicated work of all those involved. We will continue strengthening government-owned companies, improving efficiency, and enhancing public service, recognizing that strong and stable companies are a key growth engine for Israel's economy."
This article was written in cooperation with Ashdod Port