Asian Terminals profit jumps by 34.4%
Asian Terminals Inc. saw its net income for the nine months to September surge by 34.4 percent to P4.26 billion, spurred by the rise in cargo and passenger volume amid tariff adjustments.
Gross revenues amounted to P14.7 billion, up 24.4 percent from the previous nine-month period. This was attributed to increased port operations.
South Harbor international containerized cargo recorded a 26.6 percent growth in revenues while Batangas Container Terminal (BCT) reported 16 percent.
At the same time, container volumes at South Harbor increased by 15.9 percent and at BCT by 17.5 percent.
Cost and expenses in the first nine months of 2025 amounted to P5.95 billion, 15.3 percent higher than P5.16 billion in the same period last year.
Depreciation and amortization in 2025 increased by 5.4 percent to P1.6 billion from P1,52 Billion in 2024.
Labor costs reached P1.75 billion this year, up by 18.4 percent compared to P1.48 million last year. This was due to a salary rate increase and additional headcount related to higher volume.
Equipment running costs went up by 16.3 percent to 723.9 million this year from P622.3 million last year. This was due to higher fuel costs related to higher fuel prices and higher electricity resulting from higher consumption and an increase in rates.
General transport costs reached P286.9 million, up by 9.8 percent from P261.2 million previously. This was on account of higher trucking costs from higher trucking volume.
Security, health, environment and safety costs increased by 15.2 percent to P176.1 million.
