Suez Canal FY2025/26 revenue jumps 23% to $4.67bn as Red Sea traffic recovery gains pace

Summary

The Suez Canal Authority reported fiscal 2025/26 transit revenue of about USD 4.67 billion, up roughly 23% year on year, with vessel transits rising around 10% and cargo tonnage more than 20% versus the prior year as Red Sea routes normalise. On 3 September Egypt's cabinet formally rejected any debt-swap transfer of the canal, reassuring carriers on long-term access. Shippers gain shorter Asia-Europe transits, though capacity remains well below 2023 levels.