Powered by people Annual Report 2024/25 Mid West Ports Authority
Acknowledgement of Country Mid West Ports acknowledges the Southern Yamatji Nation peoples as the Traditional Custodians of the lands and waters on which we operate in the Mid West region. We pay our respects to Wilunyu, Nhanhagardi, and Naaguja Elders past and present, who carry the stories, culture, and hopes of future generations. Mid West Ports Authority Annual Report 2024/25 2
1.0 Overview 1.1 Port Overview 1.2 2024/25 Highlights 1.3 Key Business Results 1.4 Combined Chair & CEO Report 2.0 Operational Structure 2.1 Organisational Chart 2.2 Board of Directors 2.3 Executive Team 3.0 Performance 3.1 Performance Against Targets 3.2 Major Achievements 3.3 Key Projects 3.4 Sustainability 3.5 People 3.6 Planet 3.7 Prosperity 4.0 Governance 4.1 Legislative Framework 4.2 Governing Board 4.3 Mid West Ports Executive 4.4 Codes of Conduct 4.5 Conflicts of Interest 4.6 Financial Administration 4.7 Reporting 4.8 Freedom of Information 4.9 Public Interest Disclosure (PID) 4.10 Record Keeping 4.11 Feedback Handling Process 4.12 Enterprise Risk Management 4.13 Internal Audits 4.14 Corporate Delegations Framework 5.0 Annual Financial Statements 5.1 Directors’ Report 5.2 Statement of Comprehensive Income 5.3 Statement of Financial Position 5.4 Statement of Changes in Equity 5.5 Statement of Cashflows 5.6 Notes to the Financial Statements 5.7 Directors’ Declaration 5.8 Independent Auditors Report 08 12 14 16 22 24 26 30 32 34 48 52 68 74 80 80 80 80 82 82 82 83 83 83 83 83 83 83 86 92 93 94 95 96 117 118 Contents Mid West Ports Authority Annual Report 2024/25 3
Vision Welcome The aim of this report is to inform our customers, community and other key stakeholders about our organisation, its strategy, performance and governance for the 2024/25 financial year. An online version of this report is available on our website: www.midwestports.com.au For enquiries, please contact us: [email protected] Purpose To provide a sustainable gateway for trade and tourism. To be bold supply chain enablers for the sustainable long-term future of regional Western Australia. Accountability Caring Courage Collaboration Integrity Values 4 Mid West Ports Authority Annual Report 2024/25
Statement Of Compliance For the year ended 30 June 2025. To the Hon. Stephen Dawson MLC Minister for Regional Development; Ports; Science and Innovation; Medical Research; Kimberley In accordance with the provisions of the Government Trading Enterprises Act 2023, Financial Management Act 2006 and other relevant legislation, I hereby submit for your information and presentation to the Parliament of Western Australia the Annual Report of Mid West Ports Authority for the year ended 30 June 2025. Noel Hart Chair of the Board of Directors Mid West Ports Authority Mid West Ports Authority Annual Report 2024/25 5
Overview 1.0 1.1 Port Overview 1.2 2024/25 Highlights 1.3 Key Business Results 1.4 Combined Chair & CEO Report Mid West Ports Authority Annual Report 2024/25 6
Mid West Ports Authority Annual Report 2024/25 7
Mid West Ports is a proud Western Australian Government owned Port Authority. Connecting the State's Mid West region to the world, the Port of Geraldton plays a pivotal role in enabling Mid West businesses to export their commodities to the world, and facilitate tourism into the region. As a Government Trading Enterprise (GTE), Mid West Ports is deeply connected to the Mid West region. Proudly operating on Southern Yamatji Nations country, the Port is powered by a workforce of 178 people, who are largely based in regional WA. The Port primarily operates bulk exports in iron ore, grain and mineral sands. As a result of increasing demand, Mid West Ports continues to grow and is progressing into its next phase of development, through the Port Maximisation Project (PMaxP). The WA Government provided $350 million to fund the construction of several key projects that will cater for increased export capability and, importantly, improved facilities for imports of goods and components for energy transition developments. The projects include a new high capacity and environmentally focused truck unloader, a new berth for imported cargoes, containers and cruise ships, a new breakwater to reduce the impact of swell and surge in the port, and stream lined roads within the port boundaries. Mid West Ports continues to support cruise tourism in the region by providing port transit services and connection to local tourism providers. In addition, Mid West Ports, in partnership with the City of Greater Geraldton, proactively connect passengers to our local community through CBD activation and a volunteer led welcome hub. Mid West Ports is powered by its people. Passionate about the community and proud to be part of the region’s fabric, the Port invests more than $300,000 directly into community groups and organisations through its annual sponsorship and grants programs, and charitable donations. In 2024/25, it continued its Reconciliation Action Plan journey with a focus on building relationships in the community and improving connections and the cultural awareness of its workforce further, demonstrating its commitment to community cohesion. Maintaining a secure port is crucial for safety and uninterrupted trade. Mid West Ports ensures the safe and efficient operation of the port through a combination of rigorous safety protocols, advanced technology and continuous staff training. The implementation of strict safety measures and regular review of procedures, minimises risks associated with port activities. Port Overview 1.1 The Port is commited to the safety of its staff, customers and the community. To ensure it adheres to safety standards and maintains its ability to respond to potential incidents, ongoing employee training programs and simulated emergency response exercises are regularly delivered across the organisation. These comprehensive efforts allow the Port to operate smoothly, safeguarding both people and assets while maintaining high productivity levels. The Mid West Ports’ team are more than just port operators; they are vital members of the Mid West community, contributing to the local economy and supporting regional development. Looking forward with optimism, the Port’s aim is to strengthen connections between the Mid West region and the world. The organisation manages seven commercial berths and various marine assets, providing essential services such as vessel berthing, cargo handling operations, exports, imports, and cruise ship visits. Mid West Ports also operates a four-track Rail Terminal, one track being privately owned, while the Port maintains the remaining three tracks. These connect to one common user train unloader operated by Mid West Ports, and two dedicated train unloaders operated by third parties providing a cost-effective supply chain option. In addition, the Port maintains and operates the internal road network within the Port Reserve. Combined, these Mid West Ports Authority Annual Report 2024/25 8 Overview
This $350 million major upgrade, backed by the WA Government, will increase the Port's capacity of trade throughput potential, as well as welcome increased cruise tourism to Geraldton. Overview 9 Mid West Ports Authority Annual Report 2024/25
services ensure the seamless and efficient movement of goods, supporting both local industry and the broader regional economy. Mid West Ports holds the environmental licence for the Port of Geraldton, issued under the Environmental Protection Act 1986. This holds the organisation accountable for environmental monitoring and management for port operations. Mid West Ports works collaboratively with all port users and leaseholders to ensure compliance with environmental regulatory obligations. Uniquely, Mid West Ports also manages Geraldton’s Fishing Boat Harbour (FBH), a hub for the region’s fishing industry and home to Australia’s largest western rock lobster fishery. The harbour provides mooring facilities, waste disposal and refuelling utilities, supporting local fishermen and tourism operators, as well as boatbuilding and marine support services operating from the facility. Mid West Ports’ responsibility extends over 83 hectares within the Port of Geraldton Port Reserve, plus an additional 6.9 hectares of land in the vicinity of Port leased land, overseeing land use planning, development approvals and the issuance of leased areas to private sectors to facilitate trade and enable economic activity in the region. In addition, Mid West Ports is the intended Port Authority for future port developments in a region stretching north of Perth to Exmouth. This, includes an existing 200 hectares of land reserved for a future deep-water port at Oakajee. In recent years, Mid West Ports has seen a rise in customer confidence, particularly in green energy and minerals. This projected growth will further increase trade throughput bringing significant economic benefits to the region. Functions outlined in the Port Authorities Act: 1. Primary Functions of a Port Authority: • Trade Facilitation: Facilitate trade within and through the port, and plan for its future growth and development; • Economic Development: Undertake or arrange activities that will encourage and facilitate the development of trade and commerce, benefiting the State economically through the use of the port and its facilities; • Operational Control: Control business and other activities in the port or related to its operations; • Safety and Efficiency: Ensure the safe and efficient operation of the port; • Maintenance: Maintain port property; • Security: Ensure port security; and • Environmental Protection: Protect the port environment and minimise the impact of port operations on it. 2. Additional Functions: • Conducive Activities: Undertake activities deemed by the Port Authority’s board to be conducive or incidental to the performance of its primary functions; • Asset Utilisation: Use or exploit its fixed assets for profit, provided this does not affect the proper performance of its primary functions; and • Legal Compliance: Undertake activities authorised by other written laws. 3. Scope of Functions: • A Port Authority may perform its functions both within the State and elsewhere. Mid West Ports Authority Annual Report 2024/25 10 Overview
Legislative Framework Mid West Ports operates as a Government Trading Enterprise (GTE) and is governed under the Port Authorities Act 1999 (WA) (PA Act), and the Government Trading Enterprises Act 2023 (WA) (GTE Act), ensuring it meets high standards and regulations. The Government Trading Enterprise Act is to be read with the Port Authorities Act as if they formed a single Act. They define a clear role for all GTEs and establish lines of accountability and reporting to the State Government. Overview 11 Mid West Ports Authority Annual Report 2024/25
2024/25 Highlights 1.2 18,331 Total trade exports (tonne ‘000) 19,094 Total trade throughput (tonne ‘000) 1.96M Mar. 2025 3 record months for throughput 1.74M Dec. 2024 TONNE 1.76M Apr. 2025 TONNE TONNE 977,224 Highest berth 7 monthly trade to date TONNE 176,555 Highest berth 6 monthly trade to date TONNE (highest month throughput in Port history) 763 Total trade imports (tonne ‘000) Record annual volume 410 Concentrates (tonne ‘000) 294 Critical Minerals (tonne ‘000) 2,821 Grain (tonne ‘000) 13,596 Iron Ore (tonne ‘000) 1,203 Mineral Sands (tonne ‘000) 6 Bulk Liquid (tonne ‘000) 249 Fertilisers (tonne ‘000) 177 Bulk Liquid (tonne ‘000) 262 Mineral Sands (tonne ‘000) 74 General Cargo (tonne ‘000) Mid West Ports Authority Annual Report 2024/25 12 Overview
Records broken for monthly revenues, throughput and trade in Mid West Ports history: 1. R ecord annual revenue $126 million; 2. 3 of the top 10 highest monthly records to date; 3. T op monthly throughput March 2025; 4. R ecord month for throughput Berth 6 trade March 2025; 5. Record monthly throughput over Berth 7 March 2025 300K+ Community funding 301 Maintenance hours provided as part of Not-for-Profit Partnership Program 233 Tonnes of waste recycled 36% Waste diversion achieved vessel movements requiring moorers 709 number of vessels through the Port 416 permits processed 1,996 10,000+ Crew and passengers welcomed ashore as part of cruise tourism 17,418m3 of sand redistributed to Geraldton's northern beaches 1800 Number of aluminium cans collected across the Port YAMATJI SEA RANGER PROGRAM PARTNERSHIP Yamatji Sea Ranger Program partnership was created in 2025 to monitor 'seal rocks', where endangered Australian Sea Lions rest * in partnership with Yamatji Southern Regional Corporation and Department of Biodiversity Conservation and Attractions. 5 RECORDS BROKEN People Prosperity Planet Mid West Ports Authority Annual Report 2024/25 13 Overview
Key Business Results 1.3 14.0 12.0 10.0 8.0 6.0 4.0 0 2.0 16.0 20.0 Total Port Trade 2020/21 FY 2021/22 FY 2022/23 FY Mass Tonnes (Millions) 15.1 16.4 17.4 Total Iron Ore Trade 14.0 12.0 10.0 8.0 6.0 4.0 0 2.0 10.1 10.3 11.3 Mass Tonnes (Millions) 16.0 18.0 2023/24 FY 17.3 12.5 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2024/25 FY 19.1 13.6 2024/25 FY 18.0 Mid West Ports Authority Annual Report 2024/25 14 Overview
Total Ship Visits 420 400 380 360 340 320 300 Visits 351 389 400 10 8 6 4 2 0 Percent 7.3 5.1 4.1 Economic Rate of Return 50 35 30 25 20 15 0 10 5 Profit ($ Million) 23.32 35.60 35.77 Operating Profit Before Income Tax Equivalent 40.0 20.0 15.0 10.0 5.0 0.0 18.7 10.1 14.1 Contributions($ Million) Mid West Ports' Contributions to State Government 397 39.57 4.1 14.2 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 2020/21 FY 2021/22 FY 2022/23 FY 2023/24 FY 416 41.10 2024/25 FY 2024/25 FY 3.8 36.3 2024/25 FY 2024/25 FY 45 40 25.0 30.0 35.0 *Dividends paid in 2024/25 totalled $21.4M. Dividends between 2020/21 - 2023/24 were retained. Mid West Ports Authority Annual Report 2024/25 15 Overview
Combined Chair & CEO Report 1.4 We are pleased to present the Mid West Ports 2024/25 Annual Report, reflecting a year of strategic advancement, strengthened community engagement, and a steadfast commitment to sustainability and regional development. As custodians of one of Western Australia’s vital regional ports, we continue to evolve our operations to meet the needs of our stakeholders, our community, and the future. Community Impact and Engagement Our community remains at the heart of our mission. Through the Mid West Ports Community Grants Program, we awarded over $100,000 to 18 local organisations, supporting initiatives in environmental conservation, youth development, Aboriginal engagement, and community wellbeing. These grants represent more than financial support - they are investments in the social fabric of our region. In addition to our grants program, Mid West Ports maintains a number of strategic community partnerships. We also continue to strengthen the capabilities of local organisations through our Not-for-Profit Partnerships program, which provides business support and financial assistance over a three-year period. In 2024/25 we welcomed Theatre 8 as our Not-for-Profit Partner, supporting their grass roots organisation to bring more community arts to the region, while continuing our partnerships with ATLAS and Geraldton Surf Life Saving Club. Our chosen charity this year, Just Raptors, received a $15,000 donation to support their rehabilitation work for birds of prey and to help make Geraldton an owl-friendly city, further aligning with our environmental focus. Public engagement remains a cornerstone of our operations. This year, we launched the monthly Port Bus Tours and our annual On-Water Port Tour Series, welcoming hundreds of community members behind the scenes. These tours offer an engaging look at our operations and foster greater understanding and pride in the Port’s role in regional prosperity. Mid West Ports operates in close proximity to the Geraldton community, and we remain mindful of how our current and future operations may affect local residents. The Port and Geraldton have grown together over the years, and we are committed to maintaining a respectful and transparent relationship with the community. Each quarter, we convene meetings with our Community Consultative Committee, a dedicated group of engaged community members, to share information, discuss future plans, and receive feedback on how we can enhance our operations. We extend our sincere Noel Hart Chair Damian Tully CEO Mid West Ports Authority Annual Report 2024/25 16 Overview
Mid West Ports continues to be a cornerstone of the regional economy, facilitating a record 19 million tonnes of trade valued at approximately $8.6 billion; an increase from 17.3 million tonnes in 2023/24. Overview 17 Mid West Ports Authority Annual Report 2024/25
thanks to the Committee for their ongoing engagement and for generously giving of their time to strengthen our relationship with the community. Mid West Ports actively supports the growth of tourism throughout the Mid West, particularly through the promotion and facilitation of cruise ship visits to Geraldton. In addition to supporting local businesses, the activation and expansion of tourism delivers broader community benefits through signature events such as the Shore Leave Festival. We were proud to sponsor the Shore Leave Festival for the fourth consecutive year. The Festival showcases Geraldton and the Abrolhos Islands to visiting tourists through unique culinary experiences, while also delivering outstanding community-based events for the enjoyment of all. The safety of our staff and port users remains a top priority for Mid West Ports throughout this busy year of operations and projects. We are proud to report that no lost time injuries occurred over the past year, reflecting our continued strong safety performance and commitment to providing a safe operating environment. Economic Contribution and Regional Development Mid West Ports continues to be a foundation of the regional economy, facilitating a record 19.1 million tonnes of trade, valued at approximately $8.6 billion - an increase from 17.3 million tonnes in 2023/24. While iron ore and grain remain the primary exports, the Port also supports the movement of mineral sands, metal concentrates, lithium, fertiliser, and fuel, underscoring the critical role regional ports play in connecting industry to global markets. Through the provision of services, infrastructure, and land, Mid West Ports generated $122 million in revenue, contributing $36.3 million to the State Government through dividends and other statutory payments. With the Mid West region experiencing sustained growth, the $350 million Port Maximisation Project (PMaxP), funded Overview 18 Mid West Ports Authority Annual Report 2024/25
by the Western Australian Government, is being delivered at a pivotal time. This multifaceted initiative will enhance safety, reliability, and efficiency across the Port. In 2024/25, the project transitioned from design to construction, with detailed design completed for Stage 1 project components. Following the completion of key environmental studies, Mid West Ports submitted a Part IV Environmental Approval application to the Environmental Protection Authority (EPA) for the two major components of the project; Berth 1 and the northern surge-protection breakwater. Approval is anticipated in late 2025, with construction scheduled to commence in 2026 which will deliver significant operational improvements for decades to come. One of the first major components of PMaxP to be delivered is the new Berth 4 Truck Unloader facility, designed to enhance safety, operational efficiency, and environmental performance through reduced dust emissions. We were honoured to welcome the Hon. Stephen Dawson MLC, Minister for Ports, to turn the first sod in May 2025, marking the commencement of construction. Completion is expected in late 2026. Sustainability and Environmental Stewardship Sustainability remains a core pillar of our strategic direction. We were proud to achieve a 4-star rating and a 93% score in our GRESB ESG assessment, an internationally recognised benchmark for environmental, social, and governance performance. This result reflects our ongoing commitment to operational transparency and continuous improvement. In support of regional growth, we received our revised environmental license, increasing our throughput capacity to 23 million tonnes per annum. This license enables us to meet projected demand while maintaining high environmental standards. Many of the controls now formalised within the license were already being implemented by Mid West Ports as part of our bestpractice approach. In February 2025, in response to water quality concerns in the Fishing Boat Harbour caused by seagrass wrack accumulation, we undertook a targeted removal operation. Over 477 cubic metres of wrack were extracted, successfully restoring dissolved oxygen levels across the harbour. This proactive intervention ensured that both the local environment and fishing industry remained unaffected. Future Planning and Innovation Looking ahead, Mid West Ports continues to prepare for future port developments across the region. With the Mid West recognised as an ideal location for complementary wind and solar energy generation, interest in renewable energy projects has grown significantly. We welcomed the announcement in the 2025/26 Western Australian State Budget of $3.5 million in funding to support the detailed design of future Berths 8 and 9 at the Port of Geraldton. If constructed, these berths will facilitate the substantial import requirements of largescale energy projects in the region. One such initiative is the Murchison Green Hydrogen Project, located north of Kalbarri. This project will export ammonia produced using renewable energy sources. In March 2025, the Commonwealth Government announced $814 million in project funding through the Hydrogen Headstart Program. Mid West Ports will play a pivotal role in supporting the import of project cargo and regulating marine export facilities. This transformative project highlights our strategic importance in the global energy transition. Closer to Geraldton, we continue early planning and design works for the Oakajee Port site to support future environmental approvals and development. In October 2024, we launched the Tri-Lateral Hydrogen Hub Study in collaboration with the WA Government, the Port of Rotterdam, and the Fraunhofer Institute. This study lays the foundation for hydrogen production and export from Oakajee, positioning the Mid West as a global leader in renewable energy. Acknowledgements Following the Western Australian State Election in March 2025, we welcomed the appointment of Hon. Stephen Dawson MLC as Minister for Regional Development; Ports; Science and Innovation; Medical Research; Kimberley. We look forward to working with Minister Dawson to deliver outcomes for industry and support the continued development of the Mid West region. We also extend our sincere thanks to Hon. David Michael MLA, former Minister for Ports, for his support and leadership during his tenure. We acknowledge the valuable support of the many government departments and agencies that contribute to our success, particularly the Department of Transport, the Department of Treasury, the Department of Jobs, Tourism, Science and Innovation (JTSI), and the Mid West Development Commission. In closing, we express our deep appreciation to our staff, partners, and community. Together, we are building a resilient, inclusive, and forward-looking Port that serves the Mid West with pride and purpose. Mid West Ports Authority Annual Report 2024/25 19 Overview
Operational Structure 2.0 2.1 Organisational Chart 2.2 Board of Directors 2.3 Executive Team Mid West Ports Authority Annual Report 2024/25 20
Mid West Ports Authority Annual Report 2024/25 21
Organisational Chart 2.1 Mid West Ports Board Operations Manager Jon Giles Executive Manager Projects Amir Miri Chief Operating Officer Operations & Logistics Leigh Amos Chief Environmental, Social & Governance Officer Vickie Williams Chief Financial Officer Sandra Pigdon Project Director PMaxP Dave Spencer Executive Officer / Corporate Secretary Tracy Fitzpatrick Chief Executive Officer Damian Tully Board of Directors Noel Hart (chair) | Robert Wiles (deputy chair) | Peter Creek | Gail McGowan | Belinda Moharich | Amanda Reid Harbour Master/Marine Manager Heath Pimento Human Resources & Industrial Relations Manager Craig Koltasz Environment Manager Sarah Barron Safety Manager Wendy Trotter Manager Trade & Commercial Tony Corbett Finance & Taxation Manager Debra Kenny Information, Communications & Technology Manager Steve Pratt Commercial Manager PMaxP Marli van Wyk Procurement Manager Julie Pilsneniks Leadership Team Executive Team Assets and Engineering Manager Ian McLeod Minister for Ports Hon Stephen Dawson PMaxP Interface Manager Mike McQuie Manager Maintenance Service Peter Leonard Mid West Ports Authority Annual Report 2024/25 22 Operational Structure
Operational Structure 23 Mid West Ports Authority Annual Report 2024/25
Board of Directors 2.2 Mid West Ports is governed by a Board comprising a Chair, Deputy Chair and four Directors, all appointed by the Minister for Ports. The Board serves as the governing body of the Port Authority, charged with performing its functions, determining policies and controlling its affairs. Noel Hart Chair MBA, MAICD Master Mariner Class 1 Appointed to the Board as a Non-Executive Director in July 2019 and promoted to Chair in February 2020. Mr Hart brings significant maritime and shipping experience to the role, having previously been a General Manager for North West Shelf (LNG) Shipping Service Company and a Director of numerous maritime companies, in addition to holding his Master Mariner Class One. Mr Hart is formally the Commissioner of the Australian Transport Safety Bureau. He is also formally the Chair of Maritime Industry Australia Limited, Australia’s peak shipping body. In addition, Mr Hart spent 25 years in senior management of BP Shipping around the world, and had previously sailed on a variety of vessels for 12 years. Robert Willes Deputy Chair GAICD, BA (Hons) Mr Willes was appointed to the Board as a Non- Executive Director in July 2020 and appointed Deputy Chair in July 2023. Mr Willes is the Chair of the Culture, People and Sustainability Committee. Mr Willes has over 30 years of extensive international experience in the oil and gas and energy industries, covering senior commercial and leadership positions with BP in exploration and production; gas and power; and mergers and acquisitions as well as ASX board roles. He is also a Non-Executive Director and Chair of the Audit and Risk Committee of Buru Energy Limited and former Managing Director of Challenger Energy Limited. Mr Willes is a graduate of the Australian Institute of Company Directors and holds an honours degree in Geography from Durham University (UK). Peter Creek Non-Executive Director CA Mr Creek was appointed to the Board as a Non- Executive Director in February 2020 and is a member of the Culture, People and Sustainability Committee. He is a former Fellow Chartered Accountant and retired partner of Horizon Accountants. Mr Creek has been a former Board Member on numerous local organisations and continues to be an active member of the Mid West community, investing his considerable financial knowledge and experience in Boards across the region. He holds a Bachelor of Accounting from the WA Institute of Technology (Curtin University of Technology). Term ended 30 June 2025. Mid West Ports Authority Annual Report 2024/25 24 Operational Structure
Gail McGowan Non-Executive Director PSM, GAICD (Fellow), FIPAA, Grad Diploma Ms McGowan was appointed to the Board in July 2021 as a Non-Executive Director and is the Chair of the Audit, Risk and Governance Committee. Ms McGowan is a former Director General and Senior Executive with a demonstrated history of achievement in government. She is a strong business development professional, skilled in policy analysis, business planning, sustainability, coaching and government. Ms McGowan was awarded a Public Service Medal and Murdoch University Distinguished Alumni in 2019, IPAA WA Leader of the Year in State or Federal Government in 2021 and is a Fellow of IPAA. Ms McGowan is a Fellow of the Australian Institute of Company Directors and holds a Bachelor of Arts (Education/Communication) and Post Graduate Diploma in Public Policy. She is also a member of Chief Executive Women. Belinda Moharich Non-Executive Director BA LLB PIA (Fellow) Ms Moharich was appointed to the Board in June 2023 as a Non-Executive Director and is a member of the Audit, Risk and Governance subcommittee. Ms Moharich is a lawyer specialising in planning, environmental and administrative law. Ms Moharich was formerly the Principal Registrar and Senior Member of the Town Planning Appeal Tribunal of Western Australia, a founding member of the State Administrative Tribunal of Western Australia and served as Deputy Chair of the Western Australian Planning Commission. She holds a Bachelor of Arts (Planning) and a Bachelor of Laws from the University of Queensland and is a Fellow of the Planning Institute of Australia. Term ended 30 June 2025. Amanda Reid Non-Executive Director BA (Soc Sc) MAICD Amanda Reid was appointed to the Board in July 2024 as a Non-Executive Director and is a member of the Culture, People and Sustainability Committee. Ms Reid is a senior strategist, advising clients on complex issues and projects of significance across a range of industries grappling with policy, regulatory and stakeholder issues. She has over 25 years’ experience across State and Federal government, business and industry, and the NFP sector. Ms Reid is a Non-Executive Director and Chair of the Sustainability Committee of ASX-listed Frontier Energy. She was Partner and shareholder of WA-based government relations and corporate communications consultancy, GRA Partners, and was Chair of Cyril Jackson Senior Campus. Ms Reid holds a Bachelor of Arts (Social Science) from Curtin University. The Minister appoints Directors per governance guidelines published, approved, endorsed or administered by the Minister for Public Sector Management. Each Director holds office for a period not exceeding three years and is eligible for reappointment. Directors are remunerated from the funds of Mid West Ports, with the remuneration determined by the Minister. Mid West Ports Authority Annual Report 2024/25 25 Operational Structure
Executive Team 2.3 Damian Tully CEO Damian Tully joined Mid West Ports in March 2020 and was appointed CEO in March 2022. Mr Tully is an accomplished maritime executive with over 20 years of experience leading operations both at sea and in ports. Responsible for the continued growth and sustainability of Mid West Ports, Damian is focused on ensuring the organisation continues to deliver quality infrastructure and services for the benefit of regional WA. He holds a Master of Business Administration in Maritime Logistics and Management, a Graduate Diploma in Defence Studies and a Bachelor of Arts in Management. Damian is a graduate of the Australian Defence Force Academy, the AICD Company Directors Course and sits on the Board of Ports Australia. The Executive Team of Mid West Ports brings a diverse range of skills, backgrounds and experience to the organisation. Sandra Pigdon Chief Financial Officer Sandra Pigdon is a senior finance executive with a wealth of experience in the mining and resources sector, having led operational and cultural change through the application of her proactive management style. Ms Pigdon joined Mid West Ports in 2018 and is responsible for delivering financial value for port customers, ensuring a culture of good governance and controllership and providing appropriate technology and systems infrastructure to support Mid West Ports’ operations. She has a Masters Degree in Business Administration, a Bachelor of Business and is a graduate of the AICD Company Director’s Course. She has also completed the AICD Chair’s Mentoring Program and is a Fellow of CPA Australia. Vickie Williams Chief Environmental, Social & Governance Officer Vickie Williams is an accomplished organisational development and cultural change specialist. Her experience includes communications, public relations, human rights and community development, along with learning and development. Ms Williams joined Mid West Ports in 2018 and oversees the strategic direction of human resources, community engagement, communications, cruise, health, safety, environment, sustainability, governance, risk, compliance and quality at Mid West Ports. She has a Bachelor of Arts, majoring in Sociology from Deakin University, a Masters of Business Administration, Sustainability Leadership from Cambridge University and is a graduate of the Australian Institute of Company Director’s Course. Mid West Ports Authority Annual Report 2024/25 26 Operational Structure
Leigh Amos Chief Operating Officer Leigh Amos joined Mid West Ports as Chief Operating Officer in January 2025 to lead the Operations, Maritime, Maintenance and Engineering functions across the port. Prior to this appointment, Mr. Amos spent more than 25 years in the Energy Industry in both Australia and New Zealand, and has extensive experience managing Operations in large and complex industrial environments. Widely recognised as a situational leader who fosters a culture of safety, inclusion, continuous improvement and excellence across all areas, Leigh has also developed a strong reputation as a transformative executive leader with a proven track record of successfully leading large scale transformation programs by placing the impact on people first and foremost in any change. Leigh has a Master of Business Administration with a Major in Leadership and a Bachelor of Engineering Technology with a Major in Instrumentation and Control. Amir Miri Executive Manager Projects Amir Miri was appointed Executive Manager Projects at Mid West Ports in October 2023. Mr Miri brings over 22 years of project management experience across the construction, mining, and oil and gas industries. He has successfully delivered major infrastructure projects including roads, rail, bridges, marine structures, and refineries for tier one contractors both in Australia and internationally. His expertise supports Mid West Ports to deliver critical capital and operational projects safely, efficiently, and in alignment with strategic objectives. Mr Miri holds a Bachelor of Engineering (Civil and Construction), a Master of Engineering Management, and is a long-standing member of Engineers Australia. Tracy Fitzpatrick Executive Officer & Corporate Secretary Tracy Fitzpatrick spent 27 years in Local Government in the UK specialising in Rating and Revenues and was a (Tech) member of the Institute of Rating Revenues and Valuation (IRRV). Ms Fitzpatrick moved to Australia in late 2011 and joined Geraldton Port Authority (now Mid West Ports Authority) in February 2012. She was appointed as Executive Officer in December 2018 and took on the Corporate Secretary responsibilities in November 2023. This team is responsible for steering the organisation towards achieving the Strategic Plan, modelling a high standard of ethical behaviour and embedding the organisation’s values into the workforce. Members of the Executive report directly to the Chief Executive Officer, who in turn reports to the Board of Directors of Mid West Ports. Mid West Ports Authority Annual Report 2024/25 27 Operational Structure
Performance 3.0 3.1 Performance Against Targets 3.2 Major Achievements 3.3 2024/25 Key Projects 3.4 Sustainability 3.5 People 3.6 Planet 3.7 Prosperity Mid West Ports Authority Annual Report 2024/25 28
Mid West Ports Authority Annual Report 2024/25 29
Performance Against Targets 3.1 GOALS METRIC TARGET ACTUAL STATUS NOTES Improve Revenue Diversification and Growth Return on Assets 15.4% 14.3% Forecast revenue growth for 2024/25 was not realised due to project delays. Result remains consistent with 2023/24 result of 14.2%. Earning Before Interest, Tax, Depreciation & Amortisation ($’000) $82.5M $51.8M Forecasted trade and revenue growth for 2024/25 was not realised due to project delays. However, the result still marks a solid increase from the 2023/24 figure of $49,629. Total Port Trade (Mt) 19.5Mt 19.1Mt Target not met, but total port trade reached a record high, up from 17.3 in 2023/24. Improve Underlying Profit Economic Rate of Return 9.0% 3.8% A less than forecasted profit has led to a lower economic rate of return. The 2024/25 result remains consistent with 2023/24’s result of 4.07%. Improve Long Term Business Value Number of Aboriginal Business Suppliers >10 7 Mid West Ports is actively working to increase engagement with Aboriginal business suppliers. Local Content Suppliers >40% 55% Target Achieved Objective 1 Facilitate, grow and diversify trade for all our ports. Goal Improve Revenue Diversification and Growth Goal Improve Underlying Profit Goal Improve Long Term Business Value State government objective Mid West Ports Authority Annual Report 2024/25 30 Performance
Objective 2 Operate as an exemplary corporate citizen. Goal To Provide a Safe Workplace Goal Operate in Harmony With Our Stakeholders Goal To Be a Sustainable Port GOALS METRIC TARGET ACTUAL STATUS NOTES To Provide a Safe Workplace Loss Time Injury Frequency Rate (LTIFR) 0 0 Target Achieved. Total Recordable Injury Frequency Rate (TRIFR) 0 3.5 1 recordable injury occurred in 2024/25. Operate In Harmony With Our Stakeholders Aboriginal Australian Representation >3.5% 1.1% Mid West Ports is actively working to increase Aboriginal Australian representation across our workforce. Female Representation >25% 25.5% Target Achieved. Voluntary Turnover Rate <5% 0.5% Target Achieved. Employee Satisfaction Score >80% 67% 2023/24 result. Survey conducted biennially. Customer Satisfaction Score >80% 69% 2023/24 result. Survey conducted biennially. Number of Customer Complaints <10 14 Mid West Ports continues to proactively engage with customers to minimise incidents that result in complaints. To Be a Sustainable Port Number of Reportable Environmental Incidents <10 2 Target Achieved. Global Real Estate Sustainability Benchmark Assessment >= 3 Stars 4 star rating Target Achieved. Number of Community Complaints <24 15 Target Achieved. Number of Community Consultation Meetings 4 4 Target Achieved. State government objective Mid West Ports Authority Annual Report 2024/25 31 Performance
Major Achievements 3.2 September 24 • Liontown Resources commenced lithium exports through Mid West Ports from Kathleen Valley project. • Sea Lion Monitoring Partnership Program commenced. October 24 • Completed Cathodic Protection System design for Berth 3. • Finalised the detailed design of the Cathodic Protection (CP) System for Berth 3. This design will be used in the future for the installation of replacement anodes to Berth 3 to maintain the integrity of the steel piles. November 24 • MetOcean instruments installed offshore Oakajee (Nortek AWAC for waves and currents, and Datawell Directional Wave Rider Buoy for waves) are deployed to capture data for future design and planning. December 24 • Farewelled our inaugural Notfor-Profit partner Geraldton Surf Life Saving Club, following a wonderful 3-year partnership. January 25 • 2025 Not-for-Profit partner Theatre 8 welcomed aboard. Mid West Ports Authority Annual Report 2024/25 32 Performance
February 25 • Terra Mining recommenced iron ore exports from Extension Hill project. • Wrack removal and Seabed Levelling of Fishing Boat Harbour. • Official launch of Sea Lion Monitoring Yamatji Rangers Program partnership, in collaboration with Yamatji Southern Regional Corporation and Department of Biodiversity, Conservation and Attractions. March 25 • Qube officially commenced operations at Lease 21 premises. April 25 • Image Resources commences mineral exports from Atlas project. May 25 • First sod turned for Lease 11 Truck Unloader facility works. • Berth 5 commissioned for fuel receival. • Interagency Emergency Fire Response Exercise carried out involving Mid West Ports, DFES, WA Police and St John’s Ambulance. June 25 • Plum Grove Logistics trialled a shipment for their new grain export project. • Record trade volume of 19.1 million tonnes facilitated through the Port. • Record month for revenue ($11,804,120.71) • Record month for throughput (1,960,593 tonnes) • Record month for throughput at Berth 6 (176,555 tonnes) • Second highest recorded month for throughput at Berth 7 (977,224 tonnes) Record-breaking month March 25 Mid West Ports celebrated the premiere of hit Stan series ‘Invisible Boys’, with a special visit from the author behind the novel that inspired the series, Holden Sheppard. This staff BBQ was a special one, and celebrated the global Stan Premiere of the TV series, following some of its components being filmed at Mid West Ports earlier in the year. Mid West Ports Authority Annual Report 2024/25 33 Performance
Key Projects 3.3 Port Maximisation Project Scope and objectives The Port Maximisation Project (PMaxP) is Mid West Ports’ largest infrastructure investment to date. Designed to expand the capacity of the Geraldton Port, ensuring Mid West Ports’ infrastructure can meet significant projected demand and continue to support WA’s thriving economy. Approved in December 2021, PMaxP is a $350 million staged upgrade that includes major works across berths, road access, and marine infrastructure. It aims to boost port capacity, enabling the export of new commodities, and increasing regional economic resilience. In the 2024-25 financial year, the main project scope of works for PMaxP were completed and ground was broken, with work beginning on a new bulk materials handling facility. Geraldton Port is critical to the economic development of the Mid West region and the State, providing a gateway for high-volume agricultural and mineral products which are exported to the world. The PMaxP is essential for regional economic growth, trade diversification and resilience to commodity price fluctuations. By expanding infrastructure, Mid West Ports will be able to efficiently handle the expected increase in trade volume and new customer products well into the future. Mid West Ports Authority Annual Report 2024/25 34 Performance
Construction Approach The first major activity on site, which will significantly expand capacity of Geraldton Port and facilitate the export of new commodities from the region, commenced in May 2025. Work began on a new bulk materials handling facility, which will improve safety, increase efficiencies and reduce dust emissions. PMaxP will proceed under the current approved budget, addressing immediate needs and critical components of the project: • Engineering, Procurement and Construction Management (EPCM) and Owners Team Costs; • Construction of New Berth 1; • Dredging works at Berth 1 and 6; • Construction of a truck unloader at Lease 11; • Construction of a new Tug Harbour / Long Period Wave Mitigation Structure; • Construction of a new pilot boat facility at the Fishing Boat Harbour; • Port road works to accommodate increased truck movements; and • Acquisition of an additional Pilot Boat, Lines Boat and specialised mooring equipment. Performance 35 Mid West Ports Authority Annual Report 2024/25
Overall, PMaxP has significantly progressed over the 2024/25 year. Subject to timely receipt of environmental approvals the project is on target for completion by 2028, future-proofing the infrastructure at Geraldton Port. Performance Mid West Ports Authority Annual Report 2024/25 36
PMaxP Works Progressed in the 2024/25 Financial Year Lease 11 Truck Unloader Construction has commenced on the $53 million Lease 11 Truck Unloader located in the Mineral Storage Area. The construction contract was awarded to Melchor Contracting Pty Ltd (a Western Australian based company part of the Monadelphous Group). They will be supported by several Geraldton businesses as sub-contractors. Since the commencement of works, 7% of the total expenditure to date has been directed to local Geraldton businesses. This local investment is expected to grow as specialist subcontractors come on board. Further supply contracts have been awarded for the dry transformer, substation building, dust bag house and vibrating feeders. Construction of these facilities is expected to be complete in the second half of 2026. Environmental Approvals The PMaxP is well advanced in the process of securing the relevant environmental approvals with State and Federal applications made and submission currently under assessment by the relevant government regulatory authorities and assessment bodies. The Port held a number of workshops and site visits to support the approvals process. Berth 5, 6 and Lease 11 Fuel Lines To accommodate expanding trade requirements, the Port has awarded contracts for the construction and modification of fuel lines at Berths 5 and 6, and the relocation of an existing fuel line at Lease 11 to facilitate the construction of its new truck unloader. Fuel line works at Berth 5, 6 and Lease 11 are complete with the final tie in of the new Berth 6 valve pit planned for late-2025. Ports West Roads To accommodate growing trade and traffic volumes, Mid West Ports is undertaking the Port West Roads Project with the following key objectives: The upgraded road infrastructure will enhance road safety by ensuring effective vehicle separation. Additionally, port operations will benefit from engineered heavy pavements and roads designed to meet increasing and specific demand. The project is in the final stages of design validation, incorporating rationalisation of services, road lighting and hard landscaping. Construction works are scheduled to commence in the 2025/26 financial year. Marine Works Environmental approvals are required before any of the Marine Works can commence. The environmental approvals process is advanced, based on the current design, with regular engagement with the regulatory approval authorities. Once clarity on environmental approval requirements has been defined, tenders will be sought for the various marine packages including material supply and construction scopes of work Outcome Overall, PMaxP has significantly progressed over the 2024/25 year. Subject to timely receipt of environmental approvals the project is on target for completion by 2028, future-proofing the infrastructure at Geraldton Port. 1 2 3 Establishing clear separation between light and heavy vehicles. Minimising the number of security gates required for port access. Supporting increased heavy vehicle movements and the transport of project cargo through an improved road network. Mid West Ports Authority Annual Report 2024/25 37 Performance
Key Projects 3.3 School-Based Traineeships - Building Future Marine Leaders Mid West Ports remains committed to fostering a skilled, local workforce in line with the State Government's Made in WA Plan, which focuses on diversifying the economy and creating local job opportunities. A shining example of this commitment is the ongoing success of its school-based traineeship program, designed to provide hands-on experience for students in the local maritime industry. Through a partnership with ATC Work Smart Mid-West, Mid West Ports welcomed two trainees this year, both completing their Certificate II in Maritime Operations through Maritime TAFE in Geraldton. The program, which primarily takes place on the Port’s pilot boat, ensures trainees gain valuable industry based practical and theoretical experience while supporting their studies. Both trainees worked alongside the Port’s Pilot Boat crew, completing critical operational tasks and logging hours towards their certification. Mid West Ports Authority Annual Report 2024/25 38 Performance
Highlighting Growth During the 12-month traineeship, both trainees successfully assisted in a range of on water tasks including pilot transfer operation under the supervision of the Ports employees. Their hard work and growth during this experience have not only helped advance their careers but also strengthened the local maritime community. Mid West Ports is proud to support young talent, investing in the future of Geraldton’s maritime industry while contributing to the State’s broader goal of building a skilled workforce. The program is one of a number of initiatives that continue to play a vital role in providing meaningful training and employment pathways for local youth, ensuring that the Mid West region is equipped with the next generation of maritime leaders. "I have gained a lifetime of skills doing hands-on work along with the knowledge and experience I can take with me into my future. The people I've met and the expertise shared have inspired my goals in marine tourism, and I'm incredibly grateful for this opportunity." School-Based Trainee Mid West Ports Authority Annual Report 2024/25 39 Performance
Key Projects 3.3 Yamatji Sea Ranger Partnership In 2025, Mid West Ports Authority launched a collaborative environmental monitoring initiative in partnership with Yamatji Southern Regional Corporation (YSRC) and the Department of Biodiversity, Conservation and Attractions (DBCA). The program focuses on marine fauna and habitat monitoring, with a broader aim to foster environmental stewardship and build local skills. Sea Lion Monitoring Project This innovative partnership brings together scientific knowledge, and operational expertise to strengthen understanding of the region’s unique sea lion population, behaviour, habitat use and seasonal long-term trends. The Australian sea lion (Neophoca cinerea) are a much-loved animal on the WA coastline, and listed as endangered under both state and federal law. The monitoring project is focused on ‘Seal Rocks’, a popular sea lion haul out location at the entry point of the Port of Geraldton. The project involves systematic data collection and the sharing of technical knowledge between organisations, to increase knowledge and understanding of this important species. Mid West Ports Authority Annual Report 2024/25 40 Performance
Marine Habitat Mapping A second component of the project, is the collaboration with marine scientists to monitor and map the variety of marine habitats within Champion Bay. This involved using underwater camera technology and specialist marine digital software, to classify different habitats (such as seagrass, coral and macroalgae) and map their extents across the Bay. Understanding the distribution and extent of marine ecosystems is vital to assess change over time and ensure habitats remain protected. Key Outcomes in 2024/25 Importantly, this program has supported local capacitybuilding by creating hands-on opportunities for Yamatji Sea Rangers to participate in marine conservation efforts, build their skills and networks in the industry. Further opportunities for collaboration are being explored to ensure these benefits continue to grow into the future. By aligning conservation goals with training and engagement, the Sea Lion Monitoring Partnership Project is helping to protect a vulnerable species, expand our understanding of the unique sea lion population at the Port of Geraldton and empowering the next generation to play an active role in preserving the region’s marine environment. This initiative reflects Mid West Ports’ ongoing commitment to strong partnerships, knowledge-sharing, and creating sustainable outcomes for both people and nature. Mid West Ports Authority Annual Report 2024/25 41 Performance
RkJQdWJsaXNoZXIy ODA2MzA5