“In a global context marked by uncertainty, the Port of Montreal delivered solid results” in 2025, the Montreal Port Authority (MPA) reported April 23. Operating revenues reached C$155.4 million, compared with $143 million in 2024, while net income stood at $24.2 million, it noted. The Eastern Canada Port has access to CN and Canadian Pacific Kansas City, and handles containerized and non-containerized cargo, liquid bulk and dry bulk.
Container volumes at the Port increased in 2025, although overall tonnage (34.3 million tons of cargo) was “slightly down” compared with 2024, reflecting “the geopolitical context, economic slowdown, and lower water levels on the St. Lawrence River,” according to MPA. “Despite these factors, creating uncertain environment,” it said, “results exceeded expectations”:
- Containers: 1.52 million TEUs (+3.6%) / 12.3 million tons (–2.2% compared with 2024).
- Liquid bulk: 13.45 million tons (–1.6% compared with 2024).
- Dry bulk: 8.57 million tons (–6.4% compared to 2024), including 4.3 million tons of grain.
- Cruises: 61,727 passengers and crew (–2% compared to 2024) across 42 operations.
The MPA said the Port recorded EBIDA of C$63.3 million in 2025, up from C$49 million in 2024. “Rigorous cost control reduced operating expenses (excluding depreciation) by 2.1%, compared to 2024,” it noted.
In 2025, total operating expenses reached C$128.7 million, or C$92 million, excluding amortization. Capital investments totaled $187 million in 2025, including “urgent rehabilitation work on Pier 28, a century-old infrastructure,” according to MPA.
“Taking into account financial income and expenses, net income amounted to C$24.2 million,” MPA reported. “The Port of Montreal maintains a strong balance sheet and an excellent AA credit rating from Standard & Poor’s, upgraded in April 2026, along with a solid debt coverage ratio.”
“2025 was a year of vigilance and action,” MPA Board Chair Nathalie Pilon said. “Vigilance, because the world was marked by major geopolitical tensions, market instability, lower-than-normal water levels on the St. Lawrence, and Canada’s slowest economic growth since 2020. In this context, our results remain robust and demonstrate our organization’s adaptability, as well as our commitment to serving businesses and supporting thousands of jobs. And action, as the Contrecœur expansion project reached key milestones—financing, partnerships, permits, and the start of work. This is a project for the future, enabling Quebec and Canadian businesses to achieve their global ambitions.”
Infrastructure Projects
MPA reported that the Contrecœur expansion project in Montréal, Quebec, saw financial, regulatory, and operational progress in 2025:
- Financing: C$130 million confirmed by the Government of Quebec.
- Environmental permit: Approval from Fisheries and Oceans Canada for compensatory habitat measures.
- Operational partnership: Joint development agreement with DP World Canada (DP World and the Caisse).
- Construction start: Preparatory work awarded to the CTCGP consortium (Pomerleau and Aecon) under a C$609 million contract for in-water works.
The project will add up to 1.15 million TEUs (Twenty-Foot Equivalent Units) of annual capacity, or about 60% of the port’s current throughput, which will directly address long-term capacity constraints and support future container traffic growth.
It will construct an approximately 738-yard (675-meter) wharf with two ship berths. Phase 1, which began in October and includes in-water works such as dredging and quay wall construction, is being delivered by a joint venture of Aecon and Pomerleau. Phase 2 is expected to begin in 2027 and will build out terminal and logistics infrastructure, including development of the intermodal yard, construction of the terminal, and installation of ship-loading equipment at the site, located approximately 25 miles (40 kilometers) northeast of Montréal and along the St. Lawrence River. (See map above). Full commercial operations are targeted for 2030.
MPA also reported that several key projects were completed in 2025, including the Pie-IX rail bridge and major quay rehabilitation and modernization works, “improving performance and sustainability.”
“A strategic infrastructure must be protected, maintained, and above all developed with clarity and ambition,” Nathalie Pilon said. “As businesses seek to diversify trade and reduce dependence on a single market, we have a responsibility to plan for future demand.”
Sustainable Development
MPA said that Scope 1 and 2 GHG emissions reached 4,840 tons in 2025 at the Port, a 30% reduction from the 2007 baseline. Carbon intensity per ton handled has decreased by 47% since 2007, reflecting sustained progress over time, the Authority noted.
“The 2023–2027 Sustainable Development Plan continues to be deployed through concrete initiatives, including quay electrification, renewable natural gas supply, and greening and biodiversity protection projects,” MPA reported. “The MPA also strengthened its community engagement by supporting nearly 70 organizations through its donations and sponsorship policy, increasing dialogue with citizens and First Nations. In a spirit of transparency, the Port held open houses on the Contrecœur expansion project and launched a dedicated microsite to improve access to information and understanding of the project.”
2026 Outlook
“In a global context, marked by ongoing economic, geopolitical, and environmental uncertainty, the Port of Montreal is moving forward with confidence, supported by strong fundamentals, a clear vision, and fully mobilized teams,” MPA said.
It reported that the Contrecœur expansion is “entering a decisive construction phase that will increase capacity, support trade growth, and enhance the competitiveness of Canadian businesses on international markets.” The agreement with the Canada Infrastructure Bank, announced earlier this month, “also maximizes private-sector participation,” MPA noted.
Additionally, MPA said that it continues to make investments “to strengthen the fluidity and reliability of operations, in collaboration with partners across the St. Lawrence–Saguenay corridor,” and that ongoing deployment of the 2023–2027 Sustainable Development Plan is “integrating responsible practices across all activities.”
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