The Panama Canal concluded fiscal year (FY) 2025 with outstanding results in transits and tonnage; reflecting the country’s ability to reliably and efficiently manage one of the world’s most important maritime routes.
Total revenues performed better than expected, reaching B/.5,705 million balboas (1 Balboa = 1 Dollar), approximately 14.4% above the B/.4,986 million from fiscal year (FY) 2024. These preliminary, unaudited results reflect the Canal’s financial and operational strength, as well as the efficiency in managing its resources in a challenging global environment.
During fiscal year 2025, the Panama Canal achieved a net profit of B/.4,134 million, exceeding the budget projection by B/.372 million; despite challenges arising from weather and market conditions. This result also represents an increase of B/.695 million compared to the net profit obtained in fiscal year 2024, which was B/.3,439 million.
This performance reaffirms the Panama Canal’s financial solidity and its sustained contribution to the national economy.
During fiscal year 2025, the Panama Canal recorded a total of 13,404 transits, reflecting a 19.3% increase compared to the same period in 2024 when 11,240 transits were recorded.
Of this total, 3,342 transits corresponded to Neopanamax vessels, while 10,062 corresponded to Panamax vessel transits.
In terms of tonnage, the Canal handled a total of 489.1 million PC/UMS tons, representing a 15.6% increase compared to FY2024 when 423.1 million PC/UMS tons were recorded.
Of that volume, 253.6 million tons corresponded to Neopanamax vessels, while 235.5 million tons of the cargo transited on Panamax vessels, reaffirming the importance of both routes in the global connectivity offered by Panama.
Among the main drivers of growth, the container and liquefied petroleum gas (LPG) segments stood out, showing favorable performance during the year.
Meanwhile, the bulk carrier segment continued its recovery process, while the liquefied natural gas (LNG) segment recorded results below expectations, mainly due to freight costs in the international market.
Revenues also benefited from extraordinary factors such as “frontloading” (early distribution), which contributed at least B/. 100 million balboas to the FY 2025 results, as well as the results of the Long-Term Slot Allocation (LoTSA) program, which helped partially offset the impact of the decrease in LNG vessel transits.
With these results, the Panama Canal assured that it remains financially solid and strategically prepared to face the investments that will begin to be executed starting in 2026, aimed at strengthening the water capacity and competitiveness of the interoceanic waterway.
