DALRYMPLE Bay Infrastructure's increase in terminal infrastructure charges has helped lift its total revenue and net profit for 2023. 

Its Terminal Infrastructure Charge for 2023-24 of $3.44 per tonne was an 8.4% increase on the previous corresponding period, resulting in Terminal Infrastructure Charge revenue of $278.8 million and total revenue of $642.1 million.

Statutory net profit after tax for the period came to $73.9 million.

Dalrymple Bay Infrastructure acting chief executive Stephanie Commons said the company's 2023 financial performance highlighted the stability and predictability of its business. 

"The increase in the Terminal Infrastructure Charge for the 2023-24 financial year reflects our robust access pricing framework and the ability of our business to navigate and prosper among inflationary pressures," she said.

"With the Dalrymple Bay Terminal positioned as a critical link in the global steel-making supply chain, our robust balance sheet and our predictable earnings stream, DBI remains well positioned to continue to deliver stable returns for our shareholders."

Dalrymple Bay Terminal shipped 61.1 million tonnes of coal in 2023 compared to 53.3Mt in 2022, of which 71% was metallurgical coal.

Coal was shipped to more than 20 countries, with the key destinations of Japan, South Korea, India, South East Asia and Europe accounting for 77% of exports.

Dalrymple Bay Terminal exported 5.8Mt of coal to China in 2023 and 5.1Mt to Vietnam.