ICTSI earnings jump 19% to $751.56 million
International Container Terminal Services Inc. (ICTSI) saw its net income jump 19 percent to $751.56 million for the first nine months of 2025, as its global port operations continued to generate higher revenues.
The global ports operator on Thursday disclosed that its net income attributable to equity holders rose from $632.58 million in the same period last year.
Such growth was largely driven by an increase in revenue from port operations. This reached $2.34 billion, up 16 percent from $2.01 billion last year.
“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 in a statement.
In the first nine months of 2025, ICTSI reported a throughput of 10.69 million twenty-foot equivalent units (TEUs). This was 11 percent higher than the 9.6 million TEUs it handled in the same period the previous year.
“This growth, alongside a 16-percent increase in revenue from port operations, demonstrates the resilience of our business and operational excellence,” Razon said.
ICTSI’s earnings before interest, taxes, depreciation and amortization were up 17 percent to $1.54 billion from $1.32 billion.
Total expenses also grew to $1.34 billion from $1.22 billion in 2024.
The diluted earnings per share rose 21 percent to $0.365. ICTSI said this reflected its “continued focus on prudent financial management and delivering value for our shareholders.”
For the third quarter alone, the firm’s net income surged 25 percent to $267.72 million from $212.03 million.
Revenue from port operations climbed 20 percent to $827.74 million from $691.70 million.
As it enjoys booming growth, ICTSI said it is keen on pursuing more expansion.
For 2025, it has earmarked about $580 million for capital expenditure. This is primarily for developments in Batangas and Manila as well as expansion projects in Cagayan de Oro and Brazil.
“As we continue to invest in strategic expansions and pursue new opportunities across the Americas, Asia, and EMEA (Europe, the Middle East and Africa), we remain committed to driving sustainable growth and innovation throughout our global network,” Razon said.
“Looking ahead, ICTSI is well-positioned to build on this momentum and deliver long-term value,” he added.
