The board of directors of the Las Palmas Port Authority will meet this Thursday with a major financial dossier on the table, along with Hamilton (Transcoma)’s departure from the offshore business. According to the agenda, Beatriz Calzada will present the 2025 financial statements. The figures reflect the culmination of a decade-long expansion cycle, placing the entity at unprecedented levels of assets and revenue in its recent historical series.
According to management’s projections for 2025, revenue comfortably exceeds €80 million, surpassing the pre-pandemic operating ceiling recorded in 2019 (€80.99 million), during Luis Ibarra’s tenure, and consolidating the recovery that began in 2024, when revenue rose to €79.38 million, up from €77.09 million in 2023.
A fortified balance sheet with assets exceeding €900 million
The balance sheet’s solvency is the central pillar of the accounts that will be put to a vote. The organization’s total assets have consolidated at more than €900 million; it should be noted that they stood at €868.28 million in 2023. The forecast for 2025 points to an acceleration in this capitalization rate, projecting assets of approximately €925 million to €930 million, supported by the investment plan and the accumulation of fixed assets.
This expansion of assets contrasts with the trajectory of the 2015–2020 period, when assets remained stagnant at around €800 million to €820 million. Over the past decade, equity has risen steadily by 31.3%, from €626.19 million in 2015 to €822.18 million at the end of 2024. For 2025, the forecast places net equity above the €850 million threshold, ensuring an unleveraged financial structure capable of absorbing potential market fluctuations.
In operational and staffing terms, the figures reflect a marked improvement in productivity per employee. While revenue and assets are at record levels, the average workforce remains subject to strict cost discipline. Compared with the nearly 339 employees on the payroll in 2017 and 335 in 2019, the entity closed 2024 with 315 employees, down from 328 the previous year. No substantial increases in the wage bill are envisaged for 2025, with the workforce expected to stabilize at around 315 to 320 employees, focused on process automation and operational efficiency.
The article Calzada presents Las Palmas Port Authority board with business volume already exceeding €80 million was first published on canarymaritime.com.
