The Port of Milford Haven has reported strong financial results for 2025, driven by continued investment in infrastructure and a growing workforce. The port achieved 11% growth in gross tonnage and 17% growth in total cargo movements, highlighting the strength of its core operations and customer-focused strategy.
Financial Performance
Turnover increased to £45.2 million, up from £43.2 million in 2024. Operating profit was £5.2 million (2024: £6.8 million), while profit before interest and tax improved to £6.9 million (2024: £6.1 million), supported by a £1.7 million gain on revaluation of investment properties. Service performance remained industry-leading, with the port delivering over 98% service availability for pilotage customers.
Investment and Infrastructure
Significant investment continued throughout the year, with £18 million invested in 2025 following £27.4 million in 2024. Key projects included enhancements to essential marine infrastructure, such as construction of a new pilot jetty, a refurbished vessel traffic services (VTS) command centre, and sea trials for its new pilot boat, Llanion. These projects support the safe and efficient operation of the Waterway.
Workforce Expansion
The port expanded its workforce by 25 employees during the year, alongside four new apprentices—a record intake. The marine team has grown by 35% over the past five years, strengthening resilience and maintaining exceptional service levels. At year end, the port employed 231 staff, with 129 operational and 102 office-based roles.
The port also achieved 2025 UK's Best Workplaces for Women status, an important milestone in a traditionally male-dominated industry.
Economic Impact
As the UK's largest energy port and Wales' busiest port, Milford Haven handles around 20% of Britain's seaborne trade in oil and gas. Along with the cluster of energy-related businesses along the waterway, it is a key driver of economic activity in Pembrokeshire, supporting over 4,000 jobs.
Leadership Comments
Dr Siân George, chair of the Port of Milford Haven, said: 'Our continued growth has been achieved not by chance, but through deliberate choices, and reflects our long-term perspective—one that prioritises our customers and our many stakeholders. As a trust port, we are committed to our mandate to ensure we hand on the Port in a better condition to future generations. We do this by placing responsible growth, environmental stewardship and prosperity for the communities who depend on the waterway, at the forefront of our decision-making process.'
Chief executive Tom Sawyer added: 'I would describe 2025 as another year of solid performance; one where our service delivery and business resilience continued to improve. We saw our fourth consecutive year of revenue growth and another year of strong profits. We thank our customers and waterway communities and partners for their ongoing support, collaboration and challenge helping us to continually improve.'
