Port operations helped boost International Container Terminal Services, Inc.’s (ICTSI) revenues in the first nine months of 2025 to USD2.34 billion, up 16 percent on an annual basis.
In a disclosure with the Philippine Stock Exchange (PSE) Thursday, ICTSI said net income attributable to equity holders during the nine-period period reached USD751.56 million, which it traced to “focus on prudential financial management and delivering value for our shareholders.”
“ICTSI’s excellent performance in the first nine months of 2025 is a testament to the strength of our global operations and the disciplined execution of our strategy,” ICTSI Chair and President Enrique Razon Jr. said.
The disclosure said profitability, as measured by Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), rose 17 percent to USD1.54 billion due to “growth across all key metrics.”
It said port operations as of the end of September this year rose 20 percent to USD827.74 million.
Consolidated volume during the period reached 10,687,128 twenty-foot equivalent units (TEUs), up 11 percent compared to the 9,604,127 TEUs in end-September 2024.
It attributed this improvement to better trade activities across all regions.
“Excluding the impact of new operations in Iloilo, Philippines and Batam, Indonesia; and the discontinued operations in Jakarta, Indonesia, the Group’s consolidated volume would still have been up 11 percent,” the company said.
“ICTSI’s diversified portfolio has enabled us to capture opportunities in dynamic markets, with consolidated volume up 11 percent to 10.69 million TEUs. This growth, alongside a 16 percent increase in revenue from port operations, demonstrates the resilience of our business and operational excellence,” Razon added. (PNA)