Annual meeting of the Montreal Port Authority Results from 2025 operations: Building Tomorrow’s Economy

MONTREAL, April 23, 2026 /CNW/ – Nathalie Pilon, Chair of the Board of Directors, presented today the results of the Montreal Port Authority’s (MPA) activities for 2025 at the annual meeting, held at the Port of Montreal Tower.

In a global context marked by uncertainty, the Port of Montreal delivered solid results. Operating revenues reached $155.4 million, compared to $143 million in 2024, while net income stood at $24.2 million. Container volumes increased, although overall tonnage was slightly down compared to 2024. The year was also marked by significant progress on the Contrecœur expansion project and continued major investments to ensure infrastructure sustainability and operational fluidity.

In 2025, the Port of Montreal handled 34.3 million tonnes of cargo. This performance reflects the geopolitical context, economic slowdown, and lower water levels on the St. Lawrence River. Despite these factors, creating uncertain environment, results exceeded expectations.

• Containers: 1.52 million TEUs (+3.6%) / 12.3 million tonnes (-2.2% compared to 2024)
• Liquid bulk: 13.45 million tonnes (-1.6% compared to 2024)
• Dry bulk: 8.57 million tonnes (-6.4% compared to 2024), including 4.3 million tonnes of grain
• Cruises: 61,727 passengers and crew (-2% compared to 2024) across 42 operations

The MPA recorded EBIDA of $63.3 million in 2025, up from $49 million in 2024. Rigorous cost control reduced operating expenses (excluding depreciation) by 2.1%, compared to 2024.

Total operating expenses reached $128.7 million, or $92 million, excluding amortization. Capital investments totalled $187 million, including urgent rehabilitation work on Pier 28, a century-old infrastructure.

Taking into account financial income and expenses, net income amounted to $24.2 million. The Port of Montreal maintains a strong balance sheet and an excellent AA credit rating from Standard & Poor’s, upgraded in April 2026, along with a solid debt coverage ratio.

“2025 was a year of vigilance and action. Vigilance, because the world was marked by major geopolitical tensions, market instability, lower-than-normal water levels on the St. Lawrence, and Canada’s slowest economic growth since 2020. In this context, our results remain robust and demonstrate our organization’s adaptability, as well as our commitment to serving businesses and supporting thousands of jobs. And action, as the Contrecœur expansion project reached key milestones–financing, partnerships, permits, and the start of work. This is a project for the future, enabling Quebec and Canadian businesses to achieve their global ambitions,” said Nathalie Pilon, Chair of the Board.

The Contrecœur expansion project reached a decisive stage in 2025, with major financial, regulatory, and operational progress:

• Financing: $130 million confirmed by the Government of Quebec
• Environmental permit: Approval from Fisheries and Oceans Canada for compensatory habitat measures
• Operational partnership: Joint development agreement with DP World Canada (DP World and the Caisse)
• Construction start: Preparatory work awarded to the CTCGP consortium (Pomerleau and Aecon) under a $609 million contract for in-water works

At the same time, several key projects were completed, including the Pie-IX rail bridge and major quay rehabilitation and modernization works, improving performance and sustainability.

“A strategic infrastructure must be protected, maintained, and above all developed with clarity and ambition. As businesses seek to diversify trade and reduce dependence on a single market, we have a responsibility to plan for future demand,” added Nathalie Pilon.

In 2025, the MPA’s Scope 1 and 2 GHG emissions reached 4,840 tonnes, a 30% reduction compared to the 2007 baseline. Carbon intensity per tonne handled has decreased by 47% since 2007, reflecting sustained progress over time.

The 2023–2027 Sustainable Development Plan continues to be deployed through concrete initiatives, including quay electrification, renewable natural gas supply, and greening and biodiversity protection projects.

The MPA also strengthened its community engagement by supporting nearly 70 organizations through its donations and sponsorship policy, increasing dialogue with citizens and First Nations. In a spirit of transparency, the Port held open houses on the Contrecœur expansion project and launched a dedicated microsite to improve access to information and understanding of the project.

Click here to view the MPA’s 2025 annual report

In a global context, marked by ongoing economic, geopolitical, and environmental uncertainty, the Port of Montreal is moving forward with confidence, supported by strong fundamentals, a clear vision, and fully mobilized teams.

Contrecœur expansion — entering a decisive construction phase that will increase capacity, support trade growth, and enhance the competitiveness of Canadian businesses on international markets. The agreement with the Canada Infrastructure Bank, announced on April 9, also maximizes private sector participation.

Logistics resilience — continued investments to strengthen the fluidity and reliability of operations, in collaboration with partners across the St. Lawrence–Saguenay corridor

Sustainability — ongoing deployment of the 2023–2027 Sustainable Development Plan, integrating responsible practices across all activities

Operated by the Montreal Port Authority (MPA), the Port of Montreal is the largest container port in Eastern Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk. The only container port in Quebec, it is a destination port served by the largest shipping lines in the world. It is also an intermodal hub with a service offering that is unique in North America, featuring its own rail network directly dockside connected to Canada’s two national rail networks. The MPA also operates a Cruise Terminal.

With an AA credit rating from Standard & Poor’s and a stable outlook, the MPA factors economic, social and environmental components into its corporate initiatives. This commitment is governed by a sustainable development policy whose guiding principles focus on involvement, cooperation and accountability. Port activity in Canada supports some 590,000 jobs and generates close to $98.5 billion in economic activity.

SOURCE Montreal Port Authority