The Panama Canal closed fiscal year 2025 with strong results in both operations and revenue, reinforcing its ability to manage one of the world’s most strategic maritime routes with efficiency and reliability. According to the Panama Canal Authority, the waterway delivered outstanding transit and tonnage figures, reflecting solid performance in a challenging global environment.

Total revenues reached B/. 5.705 billion, approximately 14.4% higher than the B/. 4.986 billion recorded in fiscal year 2024. The Canal also reported a net profit of B/. 4.134 billion, exceeding budget projections by B/. 372 million and improving on the B/. 3.439 billion posted the previous year. These preliminary, unaudited results underscore the Canal’s financial resilience and effective resource management.

During FY2025, the Panama Canal recorded 13,404 total transits, representing a 19.3% increase over the 11,240 transits registered in 2024. Of that total, 3,342 were Neopanamax vessels and 10,062 were Panamax vessels. In tonnage, the Canal moved 489.1 million CP/SUAB tons, up 15.6% from the 423.1 million CP/SUAB tons handled in FY2024.

The strongest growth drivers were the container and liquefied petroleum gas (LPG) segments, both of which posted favorable results throughout the year. The bulk carrier segment also continued its recovery, while the liquefied natural gas (LNG) segment performed below expectations, mainly due to international freight market costs. The Canal Authority added that extraordinary factors such as frontloading contributed at least B/. 100 million to the year’s results, while the Long-Term Slot Allocation Program (LoTSA) helped offset part of the impact caused by lower LNG vessel transits.

With these results, the Panama Canal remains financially sound and strategically positioned to move forward with investments expected to begin in 2026, aimed at strengthening water capacity and enhancing the long-term competitiveness of the interoceanic route.