The Port of Tyne announced its strongest financial results in a decade, with revenue increasing 5% to £70 million and adjusted profit before tax growing 48% to £6.5 million in 2025, as it appointed Julia Prescot as its new chair.
“These results were driven by strong operational performance across automotive, bulk cargo and offshore wind,” said Port of Tyne.
The Port secured significant contract successes in offshore wind, supporting Ørsted’s Hornsea 3 marshalling operations with Cadeler. Future automotive volumes were bolstered through a renewed long-term partnership with VW Audi group.
Landmark cruise calls, including Borealis and Ambience, highlighted continued strength in passenger operations.
Strategic progress included a Memorandum of Understanding to establish a North East Ports Partnership, expansion of the 2050 Maritime Innovation Hub and Venture Connect programme, and a global collaboration agreement signed in Tokyo with the North East Mayoral Strategic Authority and Hitachi to advance a clean e-fuels hub.
Port of Tyne CEO Matt Beeton said: “2025 was an impressive year and showed how the Port has evolved from its coal-focused activities to continued success in new areas like offshore wind, green technology and automotive.
“Securing the Hornsea 3 contract further enhances our established position in the offshore wind market. The development pipeline has been recently expanded by the addition of the 6 GW North East development area.
“In response to the substantial potential this represents for the region, we are advancing plans for a proposed £150 million extension of Tyne Clean Energy Park. This will establish the River Tyne as a central hub in the UK’s energy sector for decades to come.”
On the appointment of Julia Prescot as its new chair, the Port said: “Julia brings extensive experience in infrastructure, investment and leadership, having worked across major national transport and regeneration projects. Since October 2019, she has served on the Board of the Port of Tyne and as Deputy Chair from July 2021.
“Her appointment comes at a time when the Port continues to play a major role in international markets and the regional economy, while leading maritime innovation to support the transition to a greener economy.”
Prescot said: “I am very excited and honoured to be appointed as Chair of the Port of Tyne, a leading UK Trust Port and a major contributor to the North East economy, having been associated with the Board since 2019. The Port is well underway in its delivery of the long-term Tyne 2050 strategy, is undertaking major projects related to the green economy, technology-driven innovation, and regional economic regeneration.
“I am looking forward to working with the Board, the executive team and all our stakeholders in the North East to realise our vision of development, sustainability and operational excellence.”