Global Ports Today

Global Ports proved that its business is fundamentally stable, sustainable and cash generative, despite an extremely volatile operating environment and disruptions to global supply chains in 2021.

In 2021 the Group continued to deliver excellent quality of operations launching a range of new services and supporting its clients in this uncertain time, consolidating its market share and achieving long-term deleveraging targets.

The Group produced strong financial results in 2021 achieving Adjusted EBITDA growth of 17.4% coupled with exceptional Free Cash Flow growth of 46.9%.

The Group contniued its deleveraging strategy and decreased Net Debt / Adjusted EBITDA from 2.9x to 2.0x, allowing for the possibility of revising its capital allocation approach in the future should we see a more predictable environment with greater visibility.

Improved credit profile confirmed by rating agencies: Moody’s upgraded rating of the Company and Group’s financial instruments by 1 notch to Ba1, RA Expert by 2 notches to ruAA, Fitch Ratings affirmed at BB+.In March 2022 Moody’s and Fitch credit ratings were withdrawn at the initiative of the agencies

Information (including non-IFRS financial measures) requiring additional explanation or terms which begin with capital letters and the explanations or definitions thereto are provided at the end of this report. Certain financial information is derived from the management accounts.


container terminal operator in RussiaIn terms of container throughput and container handling capacity, based on ASOP data for FY 2021
7 marine container
and multipurpose terminals in Russia and Finland
The only player with a network of terminals in key container gateways of Russia
GDR listed on the Main Market of the LSE (free-float of 20.5%)
Sustainable and responsible business: MSCI ESG rating at BB level, Sustainalytics estimated Global Ports risk of material financial impacts driven by ESG factors at medium level


0.71 LTIFR
for 2021 well below 7y-average
Consolidated Marine Container Throughput
Adjusted EBITDA
to USD 246.2 million
Free Cash Flow
to USD 129.1 million
Net Debt to Adjusted EBITDA, long-term deleveraging target achieved