Yangarra Announces 2026 Third Quarter Financial and Operating Results

COSCO SHIPPING Ports Limited, a global leader in ports logistics services, disclosed its financial results for the third and ninth quarters of 2026. Total throughput rose by 8.4% year-over-year to 42,266,553 TEU in the third quarter, while equity throughput grew by 8.1% to 12,884,563 TEU. Revenue reached US$484,325,000, an 13.0% increase from the previous year, and profit attributable to equity holders of the Company climbed by 0.1% YoY to US$82,589,000.

For the nine months, total throughput expanded by 8.1% YoY to 122,423,600 TEU, equity throughput increased by 7.4% to 37,376,571 TEU, revenue rose by 12.6% to US$1,389,669,000, and profit attributable to equity holders increased by 19.7% to US$316,261,000.

COSCO SHIPPING Ports emphasized its commitment to operational excellence and efficiency, citing improvements in its port and shipping network. Revenue increased by 13.0% YoY to US$484.3 million in the third quarter, and gross profit rose by 19.3% YoY to US$128.1 million, reflecting a higher growth rate. For the nine months, revenue grew by 12.6% to US$1,389.7 million, gross profit increased by 12.6% to US$367.6 million, and profit attributable to equity holders surged by 19.7% to US$316.3 million.

In China, total terminal throughput increased by 4.9% YoY to 30,944,536 TEU, constituting 73.2% of the Group's total throughput. Equity throughput rose by 4.9% to 8,836,915 TEU, accounting for 68.6% of the Group's equity throughput. The Bohai Rim region saw a 4.3% YoY increase in total throughput to 14,119,086 TEU, making up 33.4% of the Group's total. Equity throughput grew by 3.5% to 3,596,452 TEU, representing 27.9% of the Group's equity throughput.

In the Yangtze River Delta, total throughput decreased marginally by 0.3% YoY to 4,337,745 TEU, comprising 10.3% of the Group's total. Equity throughput increased by 1.6% to 1,267,657 TEU, representing 9.8% of the Group's equity throughput. Wuhan CSP Terminal Co., Ltd. (CSP Wuhan Terminal) strengthened its hub position and port-railway cargo sourcing competitiveness, driving a 17.0% YoY increase in total throughput to 87,112 TEU.

The Southeast Coast and Others region experienced a 7.6% YoY surge in total throughput to 1,514,882 TEU, comprising 3.6% of the Group's total. Equity throughput grew by 7.7% to 1,179,290 TEU, accounting for 9.2% of the Group's equity throughput. Xiamen Ocean Gate Container Terminal Co., Ltd. added new foreign trade routes, resulting in a 7.8% YoY increase in total throughput to 753,836 TEU.

The Pearl River Delta region reported a 7.6% YoY rise in total throughput to 8,300,352 TEU, making up 19.6% of the Group's total. Equity throughput climbed by 7.1% to 2,225,574 TEU, representing 17.3% of the Group's equity throughput. COSCO SHIPPING Ports benefited from expanding demand in the Mediterranean region, with Piraeus Container Terminal Single Member S.A.

(Piraeus Terminal) recording an 11.4% YoY increase in total throughput to 1,090,284 TEU. COSCO SHIPPING Ports continued to invest in artificial intelligence and high-tech product exports, contributing to the growth in total throughput.