Matson, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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5. Property and Equipment
| 5. | PROPERTY AND EQUIPMENT |
Property and equipment consists of the following as of December 31, 2025 and 2024:
| | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · As of December 31, 2025 · · As of December 31, 2024 | ||||||||||||||||||||
| · · · · · Accumulated · · · · · · · Accumulated · · | ||||||||||||||||||||
| (In millions) · · Cost · · Depreciation · · Net Book Value · · Cost · · Depreciation · · Net Book Value | ||||||||||||||||||||
| Vessels | | $2,405.0 | | $932.6 | | $1,472.4 | | | $2,475.2 | | $961.9 | | $1,513.3 | | ||||||
| Containers and equipment | | 943.0 | | | 505.5 | | 437.5 | | | 883.8 | | 465.9 | | 417.9 | | |||||
| Terminal equipment and other property | | 171.7 | | | 69.5 | | 102.2 | | | 152.3 | | 64.0 | | 88.3 | | |||||
| New vessel construction in progress | | | 443.2 | | | — | | | 443.2 | | | | 198.8 | | | — | | | 198.8 | |
| Other construction in progress | | 44.1 | | | — | | 44.1 | | | 42.6 | | — | | 42.6 | | |||||
| Total | | $4,007.0 | | $1,507.6 | | $2,499.4 | | | $3,752.7 | | $1,491.8 | | $2,260.9 | | ||||||
New vessel construction in progress at December 31, 2025 and 2024 includes milestone progress payments, capitalized interest and other costs related to the construction ofthree new Aloha Class vessels. Delivery of the vessels are expected during the first quarter 2027, the third quarter 2027 and the second quarter 2028.
Depreciation expense for the years ended December 31, 2025, 2024 and 2023 are as follows:
| · · · · · · · · · · | |||||||
|---|---|---|---|---|---|---|---|
| · · Years Ended December 31, | |||||||
| (In millions) · · 2025 · · 2024 · · 2023 | |||||||
| Depreciation expense | | $147.4 | | $135.4 | | $124.4 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.