Growing the fund. Delivering for our region.
As the custodian of the Bay of Plenty’s intergenerational investment fund and as the majority shareholder in New Zealand’s largest port, the Quayside team is proud to report a record financial performance in FY26.
We see our role as a privilege that comes with significant responsibility – to protect, grow and diversify the fund over time, while delivering enduring benefits to the Bay of Plenty.
Our 2026 Annual Report captures the driving forces behind this performance, and importantly, the emerging stories taking shape as a result of the investments we have made beyond the Port over the past decades.
During the year ending 30 June 2026, the total value of our assets grew 25% to $3.9 billion ($3.5 billion net of debt), and group profit after tax reached $198.4 million. To put this in context, at 30 June 2026 the fund was worth $25,699 per Bay of Plenty ratepayer.
This record performance saw Quayside pay $54.2 million in total dividends to the Bay of Plenty Regional Council. From this, $48 million was used by Regional Council in its rate-setting process to reduce the average general rates bill by approximately $405 per rating unit (mainly households).
The report explores the decisions and investments behind this performance, and how a diversified intergenerational fund is helping create value for current and future generations.
The Port of Tauranga shareholding remains a cornerstone investment within the portfolio. Quayside’s 54.14% shareholding delivered a Total Shareholder Return of 32.85% during the year, generating approximately $65 million in dividend income. As a key regional asset and piece of economic infrastructure for both imports and exports, the Port’s resilience is critical to our national supply chain.
The report looks at how long-term capital investments in the Port’s capacity, technology, environmental performance and supply chain integration are all helping to sustain economic growth and have a positive impact on our shareholding.
Our Investment Portfolio diversification beyond the Port of Tauranga continued to strengthen the fund’s resilience, delivering a 14.3% one-year return and growing to $485 million, influenced by strong performance in global and domestic equities. The report also explores developments in private markets, including the creation of Stand through the merger of PF Olsen and Forest360, alongside Bay of Plenty property investments, Tauranga Crossing and Panorama Towers.
At Rangiuru Business Park, progress continued despite a challenging market. Approximately 9.5 hectares were sold during the year, with the first vertical developments commencing construction. The report also highlights the wider outcomes being achieved throughout the project, including environmental restoration, the establishment of cultural landmarks and artworks, and an ongoing commitment to building strong and enduring relationships.
Through stories, interviews, and performance highlights our 2026 Annual Report captures the people, assets and decisions helping shape the future of the Bay of Plenty’s intergenerational fund.
You can download the Quayside 2026 Annual Report here or visit the Annual Report microsite here to learn more about a record performance that we as Bay of Plenty community – can all be proud of.
