The board of directors of the Las Palmas Port Authority meets this Thursday with a major financial matter on the table, alongside Hamilton (Transcoma)’s exit from the offshore business: Beatriz Calzada will present the 2025 financial statements. The figures mark the culmination of a decade-long expansion cycle, placing the organization at unprecedented levels of assets and revenue in its recent historical series.
According to the management’s projections for 2025, turnover will comfortably exceed €80 million, surpassing the pre-pandemic operating ceiling recorded in 2019 (€80.99 million) under Luis Ibarra and consolidating the recovery that began in 2024, when revenue rose to €79.38 million, compared with €77.09 million in 2023.
A fortified balance sheet with assets exceeding €900 million
The strength of the balance sheet is the central pillar of the accounts to be put to a vote. The organization’s total assets exceed €900 million, up from €868.28 million in 2023. The 2025 forecast points to an acceleration in this capitalization trend, 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 from 2015 to 2020, 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 is for net equity to exceed €850 million, ensuring an unleveraged financial structure capable of absorbing potential market fluctuations.
In terms of operations and staffing, the figures show a significant improvement in productivity per employee. While turnover and assets are at record highs, the average workforce remains under strict cost controls. Compared with the nearly 339 employees on the payroll in 2017 and 335 in 2019, the organization ended 2024 with 315 employees, down from 328 the previous year. No substantial increases in the wage bill are planned for 2025, with the workforce expected to remain stable at around 315 to 320 employees, focused on process automation and operational efficiency.
The article Calzada tells Las Palmas Port Authority board that turnover has surpassed €80 million was first published on canarymaritime.com.
