Suez Canal Records 18.5% Revenue Growth in H1 of FY2025/26

The Suez Canal Authority (SCA) has reported a strong financial performance in the first half of fiscal year 2025/26, posting an 18.5% increase in revenues compared with the same period of the previous fiscal year, according to Osama Rabie, Chairman of the Authority.

The results underscore the continued strategic importance of the Suez Canal as a vital artery for global maritime trade, despite ongoing geopolitical and economic challenges affecting international shipping.

Rabie attributed the revenue growth primarily to a 5.8% rise in the number of transiting vessels, reflecting renewed demand for the canal and sustained confidence among global shipping lines in its operational reliability.

In addition, net tonnage transiting the canal increased by 16%, significantly boosting revenues and highlighting a shift toward larger vessels and heavier cargo loads. Rabie emphasized that these gains are the result of continuous improvements in operational efficiency and the delivery of high-quality navigational services.

“The positive performance recorded in the first half of the fiscal year reflects the Suez Canal Authority’s integrated strategy to enhance both financial and operational outcomes,” Rabie said. He noted that the Authority remains focused on attracting more vessels and higher cargo volumes from all regions, reinforcing Egypt’s role as a global trade hub connecting East and West.

Rabie also highlighted Egypt’s diplomatic efforts under the leadership of President Abdel Fattah El-Sisi, particularly the “Peace Summit” held in Sharm El-Sheikh, which contributed to restoring security and stability in the region. The summit, he said, sent reassuring signals to the international maritime community regarding freedom of navigation in the Red Sea and Bab el-Mandeb Strait.

According to the SCA chairman, current conditions are increasingly favorable for the return of major shipping lines to the canal, supported by improved regional security and positive indicators for global trade flows.

Rabie pointed to ongoing developments in the canal’s navigational infrastructure, including the expansion and dualization of the southern sector, as well as the introduction of new maritime services aimed at enhancing safety, efficiency, and sustainability.

“These measures have strengthened the canal’s competitiveness and positioned it as the optimal route for sustaining global trade between Asia and Europe,” he said.

With key shipping routes stabilizing and traffic gradually returning, Suez Canal revenues are expected to continue improving in the coming months, reinforcing the waterway’s status as one of the world’s most critical maritime corridors.