2022: SPA’s net income grows 66% and reaches BRL 547 million, breaking record for the 3rd consecutive year

The Santos Port Authority (SPA), the state-owned company that manages the Port of Santos, ended 2022 with the best result in its history by recording a net profit of BRL 547.3 million, an increase of 66.3% over 2021, until then the best Company’s brand. Three of the years were a record profit.

The Company’s net revenue reached R$ 1.4 billion, growing 24.1% compared to the previous year, reflecting the record 10.5% growth in cargo handling in the period and the constant search for efficiency in the optimized allocation of areas ports for transition contracts and new leases.

Cost optimization actions, process review and technological modernization continued to favor the result. The “operating cost/net revenue” productivity indicator showed an improvement of 3.2 percentage points in the period, reflecting productivity gains with greater efficiency in operations. The “recurring expenses/net revenue” ratio showed significant progress for the fourth consecutive year, with a gain of 1.3 percentage points.

Earnings before interest, taxes, depreciation and amortization (Ebitda), adjusted for extraordinary events, advanced 28.3% and reached R$ 752.2 million, with a margin of 55.8%, an increase of 3.0 percentage points over the previous year.

See below the handling of containers at the Port of Santos (exports and imports) from January 2019 to December 2022, according to data from the DataLiner platform developed by Datamar.

Container Handling – Port of Santos | Jan 2019 – Dec 2022 | TEU

Source: DataLiner (Click here to request a demo) 

Important highlights were cited by the executive, such as: (i) the signing of the Contract for the new Assignee of the Internal Railroad of the Port of Santos (FIPS), an association that will be responsible for the management, operation and expansion of the enterprise for a period of 35 years and will have to make investments of almost R$ 900 million, fundamental to expand and efficiently meet the growth projections in handling; (ii) the auction of the STS 11 terminal area, intended for the handling of vegetable bulk, ensuring investments of R$ 765 million; (iii) the addressing of another 5 projects for auction, already modeled, including STS 10 (container) and STS 53 (mineral solid bulk); (iv) advances in innovation through relevant partnerships signed throughout 2022, in line with SPA’s strategy of joining efforts with the port community, educational institutions and public and private agents in the search for standards and similarities in services, enabling its sharing to rationalize investments and accelerate the innovation process in search of greater operational efficiency.

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