PORT Denarau Marina (PDM), the only tourist-based business listed on the South Pacific Stock Exchange (SPX), recorded an after-tax profit of $6.93million for its financial year ended July 31, 2025. This, the company said, was more than double the $3.31m it recorded in 2024, driven by a significant revaluation in the fair value of investment properties, reversing the decline experienced in previous years.
“Despite increases in operating expenses, depreciation and employee costs, the company’s revenues remained resilient, achieving a 5per cent year-on-year increase,” the company stated.
Operating profit rose to $4.5m, up from last year’s $4.39m, while total comprehensive income increased to $7.24m, compared to $6.18m last year.
“During the year, significant progress has been made on the extension of the superyacht jetty which is expected to be completed in the next financial year 2026.
“This strategic development strengthens the Marina’s position as the premier facility in the Pacific and is expected to contribute to further revenue growth in the coming financial year.
“The company will continue to leverage its enhanced infrastructure and service offerings to create long-term value for shareholders and stakeholders,” PDM stated.
The Marina announced this week the completion of its landmark $6million Mega Yacht Berth Expansion, a transformative development designed to position Fiji at the forefront of global yachting destinations.
It said the project, which was completed over a four-month period, delivers seven new state-of-the-art berths, including Fiji’s first mega yacht berth capable of accommodating vessels up to 115 meters – a milestone for the South Pacific.
“This expansion not only increases berthing capacity but also strengthens Fiji’s competitiveness in attracting high-value superyacht tourism,” it stated.
“At the heart of the development is a 208-meter jetty extension, supported by advanced dredging works to deepen approach channels and turning basins, ensuring safe navigation and seamless access for the world’s largest vessels.
“The expansion reflects global best practice, combining cutting-edge engineering with environmental care.
“Key infrastructure includes the Super Elite® Marina System from Marine Structures (Australia), featuring elastomeric hinge technology that provides flexibility, rapid installation, and long-term durability with minimal maintenance.
“New utility pedestals supplied by Patron Power and upgraded fuel lines from Pacific Energy further enhance service reliability, offering superyachts efficient and modern connections for power and refuelling directly at berth.”
PDM shares on SPX last traded at $2.12 a share when this edition went to press.
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Note: This article was first published under the headline: Marina makes $6.93m post tax profit in Page 18 of the print version of The Fiji Times dated Friday, September 26, 2025
