ICTSI posts robust global port operations
International Container Terminal Services Inc. (ICTSI), backed by billionaire Enrique Razon Jr., logged stronger profit in the January to June period, propelled by its robust port operations here and abroad.
In a statement on Tuesday, the company said its net income attributable to equity holders of the parent had reached $483.84 million in the January to June period, a 15-percent improvement from $420.55 million.
Revenue from port operations hit $1.51 billion, 14 percent higher than a year ago, driven primarily by higher tariff rates and port volume growth.
Contribution from ancillary services at some terminals likewise gave a boost following a rise in cargo traffic.
Earnings before interest, taxes, depreciation and amortization stood at $990.54 million, up 15 percent.
‘Strong momentum’
“We have continued our strong momentum, with ICTSI’s exceptional performance in the first half of 2025, underscoring the strength and agility of our diversified global operations,” said Razon, ICTSI chair and president.
“This achievement reflects our continued focus on operational excellence, strong balance sheet, strategic expansion and disciplined cost management,” he added.
The group handled a consolidated volume of 6.98 million twenty-foot equivalent units (TEUs) in the first half, jumping 11 percent from 6.31 million TEUs.
Capital spending reached $231.98 million during the period, with the bulk spent to fund ongoing expansions at Contecon Manzanillo S.A. in Mexico, certain Philippine terminals and ICTSI DR Congo S.A. in Democratic Republic of Congo. The company likewise spent for equipment acquisitions and upgrades at certain terminals.
For 2025, it has earmarked $580 million for several projects in Batangas, Manila and Cagayan de Oro, as well as Mexico, the Democratic Republic of the Congo and Brazil.
ICTSI owns or operates facilities in 19 countries across the three regions, with Asia still contributing the highest in terms of port revenues.
Just last week, the group secured a 30-year contract to operate and modernize the Batu Ampar Container Terminal in Indonesia.
