New terminals buoy ICTSI profit 

International Container Terminal Services Inc. (ICTSI) extended its strong 2026 run, boosting its bottom line by 20 percent in the first nine months as newly integrated terminals drove brisk cargo movement.

Double-digit increases were recorded in the company’s cargo volumes, revenues and earnings.

The Enrique Razon Jr.-led company Wednesday said its January-to-September net income attributable to shareholders had climbed to $898.89 million from $751.56 million a year earlier, while revenues surged 24 percent to $2.9 billion.

Bigger volume

Such growth was driven primarily by brisk volume at its ports, which handled 12.11 million twenty-foot equivalent units (TEUs) during the period, up 13 percent from 10.69 million TEUs a year earlier.

Much of the increase came from Durban Gateway Terminal in South Africa, which began operations under ICTSI in January, and Batu Ampar Container Terminal in Indonesia, which joined its network in September 2025.

Without these additions and the discontinued operations of Yantai International Container Terminal in China, cargo volumes would have grown by just 0.1 percent, ICTSI said.

ICTSI said stronger trade activity in Asia and the Americas also supported throughput, enough to offset weaker volumes at certain terminals in Europe, the Middle East and Africa amid the continuing Middle East conflict.

“Our diversified portfolio continues to provide resilience in a more challenging operating environment,” Razon said in a statement.

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“We remain focused on integrating our new terminals and investing to strengthen capacity and service levels across our network, and we are confident in the long-term contribution these operations will make,” he added.

In the third quarter alone, ICTSI’s attributable net income increased 15 percent to $308.9 million.

Revenue growth was supported by higher ancillary service income, tariff adjustments and favorable foreign exchange movements.