PNG PORTS DECLARES K22.5 MILLION INTERIM DIVIDEND
BY MARTINA TAKANENG
PNG Ports Limited has declared an interim dividend payment of K22.5 million to its shareholder Kumul Consolidated Holdings for the 2025 financial year.
PNG Ports Chief Executive Officer Niel Papenfus said it marks the second consecutive year that PNG Ports has declared the same interim amount, recognising the team’s professionalism and discipline in achieving the performance.
He said the result reflects PNG Ports’ strong governance, commercial discipline and continued profitability which directly supports the Marape-Rosso Government’s national development goals.
Meanwhile, Minister for State-Owned Enterprises William Duma said the dividend is another milestone in building a stronger and more accountable State-Owned Enterprise sector.
He said it reflects disciplined financial management and the determination of the Board of Directors, management and employees of PNG Ports to make the port system both commercially viable and nationally beneficial.
Minister Duma commended the Board, management and staff of PNG Ports for their continued efforts in delivering for the people, noting that their performance reflects the very principles behind the Government’s SOE reforms.
He encouraged them to continue working together to make SOEs efficient, transparent and truly profitable for the people of Papua New Guinea.
Kumul Consolidated Holdings Chairman Moses Maladina said on behalf of KCH they were pleased to receive PNG Ports’ 2025 interim dividend.
He thanked the Minister for his continued leadership of the SOE sector and congratulated the board, management and staff of PNG Ports for achieving the result.
The cheque was presented earlier this week at Kumul Consolidation holding office at downtown in Port Moresby.
