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DATE: October 27, 2025 TITLE: BOARD OF PORT COMMISSIONERS OF THE CITY OF REDWOOD CITY - FISCAL YEAR 2025 ANNUAL REPORT Page 2 of 4 granted public trust lands, including those managed by the Port, is a matter of statewide authority and concern. Federal Oversight – The Port, as a federally regulated international port of entry, is obligated to comply with various federal regulations, the first of which is compliance with Maritime Transportation Security Act (MTSA) enacted in 2002 as a result of the 9/11 terrorist attacks on the nation. MTSA allows and provides the federal oversight by the U. S. Coast Guard and the Department of Homeland Security to regulate international facilities like ports and airports, including all international vessel traffic. MTSA further outlines Maritime Security (MARSEC) to establish the varying security threats or levels of operation for federally regulated facilities, as defined, like the Port. Other federal agencies with regulatory oversight include the U.S. Army Corps of Engineers, the U.S. Maritime Administration, the U.S. Federal Emergency Management Agency, the U.S. Department of Homeland Security, the U.S. Department of Commerce, the U.S. Federal Maritime Commission, the U.S. Customs and Border Protection, the U.S. Department of Transportation, the Federal Railroad Administration, and numerous other federal agencies. Fiscal Year Overview – The Port drives economic prosperity and creates jobs by connecting South San Francisco Bay with ports across the world. Safety and security of the Port, its people, the community, and the surrounding environment are paramount in its day-to-day operations. This is accomplished through strategic collaboration with federal, state and local partners to ensure the Port is a vital link to the world for businesses and consumers throughout Silicon Valley and beyond. Additionally, the Port has been designated by the federal government and the state Cal-OES system as the South San Francisco Bay’s federal staging area for the deployment of first responders and emergency resources for Redwood City and the broader peninsula/south bay region during catastrophic events, including but not limited to, earthquakes, natural or man- made disasters, etc. As of June 30, 2025, the Port continues to establish an upward trajectory in our cargo operations and revenue for the fiscal year. The Port closed its fiscal year favorably with a record breaking $10.7 million in Gross Revenue. Additionally, cargo tonnage and property rental/leases increased, including new businesses, demonstrating positive growth for FY25 of 5.0%, or $540,000, exceeding the prior fiscal year of $10.2 million. The Port’s Net Income, after subvention, is $2.3 million. The total cargo tonnage for FY24 ended with 1.5 million metric tons (MMT) of cargo, a decrease from 1.8 MMT in the previous year’s tonnage. The reduction of cargo tonnage can be attributed to several factors including the federal tariff implications, market conditions, and the construction sector. 6.B. - Page 2 of 4 10