ATI gears up busier ports with P4.2-B capex
Asian Terminals Inc. (ATI) is spending at least P4.2 billion this year to beef up its terminals and acquire more equipment in response to the growing trading activities.
In a disclosure on Tuesday, the listed port operator said its capital investment would go to expansion of seaside and landside facilities. It would also support the improvement of its information technology systems.
This year’s budget is greater than what it spent in 2024, which was P3 billion. The capital expenditures were mainly for the Batangas Passenger Terminal and the Tanza Container Barge Terminal.
Last year’s capex also funded the upgrade of port facilities and construction of additional container backup spaces, among others.
As ATI expands its hubs, the company said it was also looking at “new business growth drivers” to strengthen its financial health.
The port operator is mulling over the development of smart cargo storage spaces and other ancillary services.
Last year, ATI saw its net income grow by 2 percent to P4.52 billion. This was thanks to an increase of 7.1 percent in the top line, which reached P16.54 billion.
Bulk of the revenues came from stevedoring services, or the loading and unloading of cargo shipments in a port. This business segment contributed P7.57 billion, up 15 percent from P6.59 billion in 2023.
The firm earned P6.04 billion, up 1 percent from P5.96 billion in 2023, from arrastre services. This involves the receiving, handling and security of cargo.
ATI handled a cargo volume of nearly 1.6 million twenty-foot equivalent units last year. This was 5 percent more than the volume in 2023.
