The accounts of the Santa Cruz de Tenerife Port Authority highlight an advance-liquidity strategy based on collecting long-term concession fees. The public entity’s accounts record €21.15 million in advance income from occupancy fees for the maritime-terrestrial public domain. Concessionaires of the port’s public domain have paid €21.1 million in occupancy fees in advance, while operating revenue approaches €60.7 million.
Most of this financial item stems from commitments undertaken by the main logistics and industrial operators running the archipelago’s terminals. The balance sheet includes additional contributions to regular fees made by infrastructure multinational Aliatica—through its subsidiary Terminal de Contenedores de Tenerife (TCT Tenerife)—and maritime group Boluda.
Boluda and Aliatica’s financial weight in the port basin
The additional amounts paid by the major concession holders total €13.55 million within the long-term balance. Boluda leads this item, with a total of €5.19 million allocated to its operating concessions in Santa Cruz de Tenerife. Meanwhile, TCT Tenerife (Aliatica) records €5.13 million for the same concept of surcharges and additional amounts on the occupancy fee. Together, the two corporations account for more than 76% of the deferred additional fees held by the Port Authority.
The breakdown of long-term contributions is completed by other players in the island’s industrial ecosystem. The Real Club Náutico de Tenerife is listed with €2.80 million, while companies in the energy and chemicals sectors such as Canarias Explosivos (€210,326.87), Petróleos de Canarias (€168,763.78) and Cepsa (€46,093.68) provide the remaining amounts.
Discounts on cruise fees and transfers to the current financial year
Alongside the additional amounts from cargo terminals, the port’s accounts include €7.60 million in fees collected in advance from the concessionaire of the new Cruise Station, Santa Cruz Terminal. This capital is gradually reduced through deductions applied directly to settlements of current fees as the concession progresses.
The direct impact of these transactions on the current year’s profit-and-loss account shows a gradual transfer. The amount transferred to the short term for recognition in the 2026 results totals €954,116.40 under additional amounts to fees. Meanwhile, the accounting amortization of fees collected in advance contributes a further €344,976.08 to current results.
Port revenue approaches €60.7 million
Cash flow from concession fees strengthens an improving operating balance. The net revenue of the Port Authority reached €60.73 million, up from €56.11 million recorded in the previous comparative period. Pure port fees are the main driver of collections, contributing €54.76 million. Within this category, the usage fee—which covers vessel, cargo and passenger traffic—generated €35.67 million. Passenger transport activity (the T2 fee) leads this segment with €16.51 million, followed by the vessel fee (T1), which contributed €11.27 million, and the cargo fee (T3), with €7.11 million.
The direct occupancy fee for port land contributed €11.54 million to public coffers, while the business activity fee added €6.79 million. Under other operating income, the institution recorded €12.30 million. A notable item is the allocation from the Inter-Port Compensation Fund, through which the state system redistributed €10.66 million to Tenerife’s facilities to finance non-commercial infrastructure and the costs associated with insularity.
The article “Boluda and Aliatica fees inject an extra €10 million into the Port of Tenerife’s coffers” was first published on canarymaritime.com.
