Financial Reports

Download JAXPORT’s 2025 Annual Report.

Total operating revenues for fiscal year 2025 were approximately $76 million, a 9% increase over prior-year revenues of $70 million. Total container volumes in 2025 were 1,388,841 TEUs (twenty-foot equivalent units), a 4% increase over fiscal year 2024 TEUs of 1,340,412. In fiscal year 2025 the multi-year SSA Jacksonville, LLC Marine Terminal expansion and modernization project was completed, densifying a 93-acre facility designed to handle increased international cargo volumes at our deep-water berths. Another major multi-year project, the Southeast Toyota Distributors (SET) 89-acre auto processing facility, was completed and fully operational on December 1, 2025 (fiscal year 2026). This newly completed auto processing facility is complemented by the construction of an additional approximately $54 million Ro/Ro berth.

Even with 89 acres out-of-service, auto volumes totaled 506,237 in 2025 compared to 509,091 in 2024. Auto-related revenues for fiscal year 2025 were $14.9 million, relatively flat with revenues of $15 million in 2024. Cruise passenger counts declined slightly to 200,548 from last year’s high of 206,720, with revenues of $7.3 million in both years.

Also noteworthy was strong growth within JAXPORT’s Breakbulk business, as revenues grew to $7.1 million versus $4.8 million in fiscal year 2024, with tonnage volumes up 21%. Military revenues totaled $2.7 million, compared to $1.8 million a year ago.

2025 In Review and Looking Ahead

JAXPORT continued to make significant progress on the aforementioned major construction projects which will pave the way for future growth and additional cargo volumes. Other noteworthy highlights in fiscal year 2025 include the following:

  • Continued follow-through on transition of a long-term 30-year Facilities Lease Agreement with Enstructure for the lease and development of 79 acres of waterfront property at the site previously occupied by Southeast Toyota Distributors (SET) prior to their relocation to the Blount Island Marine Terminal. SET began relocating in Q3 fiscal year 2025, with Enstructure backfilling immediately in Q1 fiscal year 2026.
  • Enstructure also expanded its Breakbulk operation by taking over a 240,000 square foot on-dock warehouse on Blount Island from an existing tenant who was shifting focus to other product lines. Breakbulk has been, and is expected to be, a growth driver for JAXPORT over the coming decade.
  • Norwegian Cruise Line (NCL) commenced seasonal service in Q1 fiscal year 2026 with the initial sailing of Norwegian Gem from JAXPORT. The schedule calls for 26 annual sailings over a three-year term, operating on a 5-4-4 rotation, consisting of five-day, four-day, and four-day itineraries, with voyages primarily to the Bahamas during the November through April season.
  • In fiscal year 2025 JAXPORT took delivery of two new, predominately state-funded, 50-gauge Ship-to-Shore container cranes at Blount Island, with one additional crane arriving in Q1 fiscal year 2026 to be erected and commissioned in fiscal year 2026 at the Talleyrand Marine Terminal. As we closed fiscal year 2025, the first two cranes were nearing completion of construction on the terminal, with commissioning occurring in Q1 fiscal year 2026.
  • As we move into fiscal year 2026, the major capital project to raise the powerlines over the St. Johns River to achieve a new operational clearance of 205 feet, versus the current 175 feet, remains on schedule and on budget. Operational clearance is projected by December 31, 2026. Our sister agency, Jacksonville Electric Authority (JEA), is responsible for construction, oversight, and project management, with JAXPORT’s close coordination.
  • In partnership with the City of Jacksonville and the Department of Defense, we commenced construction of a new Fire Station at Blount Island to relocate and replace the existing aged station. This project will ensure continued and modernized fire-rescue services to the Island and surrounding community. This project is funded with City and Federal grants.
  • In Q4 of fiscal year 2025, we closed on the purchase of a 7-acre parcel adjacent to our Talleyrand Terminal, complete with an office building, cross-dock trans-shipment facility and a maintenance building for $4.5 million. This parcel will allow for the relocation of our Access Control Center from Blount Island to promote efficient operations, while also serving as a potential future revenue generating asset for an appropriate logistics operation.

Rating agencies Moody’s Investors Service and Fitch Ratings currently report JAXPORT credit ratings of A2 and A, respectively, Outlook Stable for both.

As exhibited in the attached financial statements, JAXPORT continues to strive for disciplined fiscal stewardship, focused on maintaining strong cash balances, controlling expenses and managing its conservative debt profile.

Additional Links

JAXPORT FY 2024/2025 budget
JAXPORT Annual Audit Report For the Year Ended September 30, 2024
Florida Department of Financial Services
Florida Ports Council 2023-2024  Seaport Mission Plan
Compliance with Section 189.0694, F.S. – Special Districts