Porto Itapoá Nearly Doubles 2024 Net Profit to R$ 484.5 Million on Strong Revenue Growth

Porto Itapoá announced its 2024 financial results today. The terminal has a 22.9% stake in the Infrastructure Investment Fund (FIP-IE) BRZ Infra Portos (BRZP11).

Net operating revenue reached R$1.22 billion, an 88% increase compared to 2023 when it totaled R$650 million. Similarly, Operating Profit for the period was R$773 million, a 106% increase compared to 2023.

The company’s net profit also saw robust growth, jumping from R$252 million in 2023 to R$484.5 million in 2024—a 92% increase. This impressive result was driven by the expansion of operational capacity, cost control, and revenue growth in domestic and international markets.

“These numbers demonstrate sustainable growth and substantial gains for shareholders and, consequently, for investors,” said Ricardo Propheta, CEO and partner at BRZ Investimentos.

Operations

On the operational front, the port handled approximately 1.3 million TEUs throughout 2024, surpassing the 1.1 million TEUs recorded the previous year, representing a 12.6% increase in total volume. The expansion of the yard area by an additional 50,000 m²—bringing the total to 455,000 m²—the construction of an 8,000-square-meter warehouse, and the acquisition of large-scale equipment and vehicles for container handling contributed to this result. With the latest expansions, the port’s annual handling capacity currently stands at 1.8 million TEUs.

See bellow the main products exported through the Port of Itapoá in 2025. The data is from DataLiner:

Main Products Exported via Port of Itapoá – 2025 – TEU

Source: DataLiner (click here to request a demo)

Investments

The significant growth in financial and operational indicators comes amid strong investments in infrastructure. The company has already approved Phase IV of its expansion, which will begin in March 2025 and last two years. It will focus on acquiring equipment and expanding the terminal yard.

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