The Panama Canal closed fiscal year 2025 (FY2025) with total revenues of B/.5.7 billion ($5.7 billion), which is approximately 14.4 per cent above the B/.4.986 billion ($4.98 billion) recorded in FY2024.
During FY2025, the Panama Canal achieved a net profit of B/.4.1 billion ($4.1 billion), surpassing the budget projection by B/.372 billion ($372 million), despite the challenges that arose from weather and market conditions.
This result also represents an increase of B/.695 billion ($695 million) compared to the net profit recorded in FY2024, when it reached B/.3.4 billion ($3.4 billion).
This performance reaffirms the financial strength of the Panama Canal and its sustained contribution to the national economy.
During FY2025, the Panama Canal registered a total of 13,404 transits, reflecting a 19.3 per cent increase compared to the same period in 2024, when 11,240 transits were recorded. Of this total, 3,342 transits were Neopanamax vessels, while 10,062 were Panamax vessels.
In terms of tonnage, the canal handled a total of 489.1 million CP/SUAB tonnes, which represents a 15.6 per cent increase compared to FY2024, when 423.1 million CP/SUAB tonnes were registered.
Of that volume, 253.6 million tonnes corresponded to Neopanamax vessels, while 235.5 million tonnes corresponded to Panamax vessels, which reaffirms the importance of both routes in the global connectivity that Panama provides.
Among the main drivers of growth were the container and liquefied petroleum gas (LPG) segments, which showed favourable performance throughout the year.
Meanwhile, the bulk carrier segment continued its recovery process. The liquefied natural gas (LNG) segment posted results below expectations, mainly due to international freight market costs.
Revenues also benefited from factors such as frontloading (advance distribution), which contributed at least B/.100 million ($100 million) to FY2025 results, as well as the long-term slot allocation programme (LoTSA), which helped partially offset the impact of reduced LNG vessel transits.
Last month, the Panama Canal Authority (ACP) officially launched the concessionaire selection process for its new energy pipeline project with an initial market engagement event held in Panama City.
