Port of Milford Haven posts strong financial results

The port continues to invest in infrastructure and recruit new staff

The Port of Milford Haven has reported strong trading following continued investment.

Its financial report for 2025 shows it achieved 11% growth in gross tonnage and 17% growth in total cargo movements, underlining the strength of its core operations and customer-focused strategy. Service performance also remained industry-leading, with the Port delivering greater than 98% service availability for customers of its pilotage services.

Turnover increased to £45.2m (2024: £43.2m), with operating profit of £5.2m (2024: £6.8m). Profit before interest and tax improved to £6.9m, (2024: £6.1m) supported by the £1.7m gain on revaluation of investment properties.

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Significant investment continued throughout the year, with £18m invested in 2025 following £27.4m in 2024. Key projects included enhancements to essential marine infrastructure, such as the construction of a new pilot jetty, a refurbished vessel traffic services (VTS) command centre, and sea trials for its new pilot boat, Llanion, all supporting the safe and efficient operation of the Waterway.

During the year the port expanded its workforce by 25, alongside four new apprentices – a record intake for the port. It has also expanded its marine team by 35% over the past five years, strengthening resilience and maintaining exceptional levels of service for Waterway users.

At year end it employed 231 with 129 operational and 102 office staff.

The port is UK’s biggest energy port and Wales’ busiest port handling around 20% of Britain’s seaborne trade in oil and gas. Along with the cluster of energy-related businesses along the waterway, is a key driver of economic activity in Pembrokeshire, it helps supporting over 4,000 jobs.

It also achieved 2025 UK’s Best Workplaces for Women status, an important milestone within a traditionally male-dominated industry.

Dr Siân George, chair of the Port of Milford Haven, which also includes the port of Pembroke, said: “Our continued growth has been achieved not by chance, but through deliberate choices, and reflects our long-term perspective – one that prioritises our customers and our many stakeholders.

“As a trust port, we are committed to our mandate to ensure we hand on the Port in a better condition to future generations. We do this by placing responsible growth, environmental stewardship and prosperity for the communities who depend on the waterway, at the forefront of our decision-making process.”

Chief executive Tom Sawyer said: “I would describe 2025 as another year of solid performance; one where our service delivery and business resilience continued to improve. We saw our fourth consecutive year of revenue growth and another year of strong profits.

“We thank our customers and waterway communities and partners for their ongoing support, collaboration and challenge helping us to continually improve. “