Financial productivity indicators show new gains for the Port of Santos

The Santos Port Authority (SPA) demonstrated progress in all financial indicators of productivity in the second quarter compared to the same period last year.

Recurring operational expenses accounted for 24.2% of net sales in the quarter, a 3.3 percentage point (p.p.) increase over the same period in 2021. General & administrative expenditures, excluding non-recurring events, were 8.6% of revenues in the second quarter, a 0.6 percentage point improvement over April-June 2021.

These advances allowed SPA to achieve new productivity gains in financial performance indicators due to the modernization of processes and the culture of efficiency and austerity implemented by the company while also implementing measures for the continuous improvement of services.

The increase in net revenue reflected the good cargo throughput, which grew 2.3% compared to the second quarter of 2021, reaching 42 million tonnes, in addition to contractual readjustments in leasing contracts and the constant search for efficiency in the optimized allocation of port areas for transitional contracts and new leases.

As for containers, where higher-value-added cargo is transported, throughput increased by 3.3% to 1.2 million TEU.

See below the track record of container exports and imports at the Port of Santos from January 2019 to June 2022. The data is from the platform DataLiner developed by Datamar.

Container throughput at the Port of Santos | Jan 2019 – Jun 2022 | TEUs

Source: DataLiner (click here to request a demo)

SPA’s efforts to increase revenue and rationalize expenses resulted in a record quarterly net income of R$144.8 million, up 46.4% compared to the second quarter of 2021.

Earnings before interest, taxes, depreciation, and amortization (Ebitda), adjusted for extraordinary events, increased 10.6% and reached R$ 201.7 million, with a margin of 59.4%.

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