Annual accounts 2025:
Port of Hirtshals Maintains Record Growth with Million Profit
Record revenue, high levels of activity and a strong customer base have generated another solid financial year at Port of Hirtshals. The result exceeds expectations, showing a 50% increase compared to 2024 and strengthening the port’s position for future investments.
2025 was another year of growth for Port of Hirtshals, marking the fourth consecutive year of record revenue. Revenue for 2025 reached DKK 91.6 million, with a profit of DKK 15.5 million, exceeding expectations and representing the best result since 2006
The financial result reflects a year of high activity in 2025, with increased volumes of passenger cars and passengers across the quay contributing positively to performance. This development is closely linked to customer activity and market conditions.
– Four consecutive years of record revenue and the strongest result since 2006 underline that Port of Hirtshals is built on a solid foundation. This is the result of a clear strategic direction and close collaboration between the Board, Port of Hirtshals and our partners. At the same time, it provides a strong basis for making the long-term decisions needed to secure the port’s continued development and position in the years ahead, says Michael Lundgaard Thomsen, Chairman of the Board of Port of Hirtshals.
Increased Activity and Strong Markets
The increase in revenue is driven by higher traffic volumes across the quay and a high level of activity among the port’s customers. At the same time, a trend is emerging in which more companies are orienting towards more northern and cooler locations, supporting demand for facilities and activities in Hirtshals.
Within the fishing sector, fish with a total value of DKK 430 million were landed in 2025, representing a decrease compared to the previous year. This development can primarily be attributed to fewer mackerel landings. On the other hand, auction fees have increased, driven by 17% growth at Hirtshals Fish Auction, where higher prices for fish for human consumption and increased shellfish landings have contributed positively, helping to maintain a solid revenue base from the fishing sector.
On the cost side, the port has increased investment in repair and maintenance by 9% as part of improving existing facilities. At the same time, efficiencies have been achieved in other areas, resulting in an overall reduction in external costs of 5% compared to the previous year.
Future Investments and Development
The strong financial result provides Port of Hirtshals with a solid foundation for the investments planned in the coming years. The port is facing a significant development phase with a port expansion that ranks among the largest infrastructure projects in the history of both Port of Hirtshals and Hjørring Municipality.
The port expansion focuses on an extension of the western breakwater, improving navigational conditions and strengthening development opportunities for both existing and future customers and stakeholders. The port expansion is a key part of the efforts to future-proof the port and meet customer needs.
– We are very pleased to present a strong annual result and yet another record level of revenue. It reflects that we are running a healthy business, where we continue to invest in both maintenance and development. Earnings are reinvested in the port, and we have also strengthened our financial preparedness through a significant improvement in liquidity - in other words, funds in the bank that can be used to reduce debt related to the new port expansion. This is essential to ensure that we can continue to offer our customers a strong and well-functioning port in the years ahead, says Per Anholm Nørgaard, CEO of Port of Hirtshals.
Facts – Port of Hirtshals annual accounts 2025:
- Revenue: DKK 91.6 million
- Profit: DKK 15.5 million
- Cargo volume: 1,756,000 tonnes
- Trucks/lorries: 128,000 units
- Passenger cars: 764,000 units
- Passengers: 2,351,000
- Value of landed fish: DKK 430,000,000
