- The Port Authority of Valencia (APV) reported a 25.37% rise in profits for 2024, achieving €28.99 million thanks to robust port activity, strict cost management, and ongoing efficiency improvements.
- Turnover grew 6.7% year-on-year to €150.73 million, while operating expenses declined and personnel costs rose due to workforce expansion and collective agreement effects.
- With audited accounts receiving a clean opinion, APV is set to move forward with its approved €902.42 million 2025–2029 Investment Plan, reaffirming its financial stability and competitiveness.
The Port Authority of Valencia has closed the 2024 financial year with a consolidated profit of €28.99 million, marking a 25.37% increase over 2023. This impressive result reflects favorable port activity, tight cost controls, and optimized use of resources, according to Valenciaport.
Revenue Growth and Cost Efficiency Drive Performance
Net turnover rose 6.7% to €150.73 million, up from €141.27 million the previous year. Meanwhile, other operating expenses decreased by 1.51% to €51.23 million, showing effective cost containment across operations.
Personnel Costs Rise Amid Workforce Expansion
Personnel expenses increased by 13.25%, totaling €29.88 million. This was driven by growth in staff levels—from 467 to 488 employees—and the impact of collective agreements, reclassifications, and productivity-based compensation.
Clean Audit Confirms Financial Integrity
The General Intervention Board of the State Administration (IGAE) issued a clean, unqualified audit opinion on 8 July 2025, underscoring the APV’s transparent and robust financial practices.
Financial Stability Underpins Strategic Investment Plan
APV President Mar Chao highlighted that the approved accounts confirm the authority’s economic resilience. With the €902.42 million State Ports–approved 2025–2029 Investment Plan now confirmed, the port is well-positioned to maintain and enhance its competitive edge.
Sustaining Competitiveness and Sustainability
The successful 2024 results and clean audit open the door for continued execution of APV’s strategic development plans. Continued investment is expected to further strengthen Valenciaport’s role in European maritime trade and system-wide sustainability.
This strong financial foundation ensures APV can confidently pursue long-term growth while advancing its mission under the Strategic Plan to 2035.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Valenciaport
