Posted on October 13, 2025
The Panama Canal closed fiscal year 2025 (FY2025) 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 exceeded expectations reaching B/.5.705 million which is approximately 14.4% above the B/.4.986 million recorded in FY2024. These preliminary, unaudited results reflect the canal’s financial and operational strength, as well as the efficiency of its resource management in a challenging global environment.
During FY2025, the Panama Canal achieved a net profit of B/.4.134 million, surpassing the budget projection by B/.372 million despite the challenges that arose from weather and market conditions. This result also represents an increase of B/.695 million compared to the net profit recorded in FY2024 when it reached B/.3.439 million.
This performance reaffirms the financial strength of the Panama Canal and its sustained contribution to the national economy.
During FY2025, the Panama Canal registered 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 were Neopanamax vessels, while 10,062 were Panamax vessels.
In terms of tonnage, the canal handled a total of 489.1 million CP/SUAB tons which represents a 15.6% increase compared to FY2024, when 423.1 million CP/SUAB tons were registered. Of that volume, 253.6 million tons corresponded to Neopanamax vessels, while 235.5 million tons corresponded to Panamax vessels which reaffirms the importance of both routes in the global connectivity that Panama provides.
Among the main drivers of growth were the container and liquefied petroleum gas (LPG) segments, which showed favorable performance throughout the year. Meanwhile, the bulk carrier segment continued its recovery process. The liquefied natural gas (LNG) segment posted results below expectations, mainly due to international freight market costs.
Revenues also benefited from extraordinary factors such as frontloading (advance distribution), which contributed at least B/.100 million to FY2025 results, as well as the long-term slot allocation program (LoTSA), which helped partially offset the impact of reduced LNG vessel transits.
With these results, the Panama Canal remains financially solid and strategically prepared to take on the investments which are set to begin in 2026, aimed at strengthening the water capacity and competitiveness of the interoceanic route.
