- ICTSI posted a 14% year-on-year revenue increase to US$1.51 billion, with net income rising 15% to US$483.84 million in the first half of 2025.
- Consolidated throughput grew 11% to nearly 7 million TEUs, driven by volume increases even after excluding new and discontinued operations.
- Capital expenditures reached US$231.98 million, with full-year spending aimed at global expansion across key locations including Mexico, the Philippines, DRC, and Brazil.
International Container Terminal Services, Inc. (ICTSI) has released its unaudited consolidated financial results for the first half of 2025, reporting strong growth across all key metrics. Revenue from port operations rose to US$1.51 billion, marking a 14% increase from US$1.32 billion in the same period of 2024. The company’s EBITDA climbed 15% to US$990.54 million, while net income attributable to equity holders reached US$483.84 million—up from US$420.55 million a year ago, according to Portnews.
Stronger Recurring Earnings and Shareholder Value
Excluding non-recurring items such as the settlement income from ICTSI Oregon and the deconsolidation of PT PBM Olah Jasa Andal in 2024, the company’s recurring net income saw an even higher rise of 20%. Diluted earnings per share also rose by 17%, increasing from US$0.200 to US$0.235, reflecting strong returns for shareholders.
Significant Throughput Growth Across Global Operations
ICTSI handled a consolidated throughput of 6,989,075 twenty-foot equivalent units (TEUs) during the first half, reflecting an 11% rise compared to the 6,312,163 TEUs handled in the same period of 2024. This growth persisted even after adjusting for the impact of new operations in the Philippines and the discontinuation of activities in Indonesia. Revenue growth was further supported by tariff adjustments, improved container mix, and robust demand for ancillary services. However, currency headwinds—mainly due to the depreciation of the Mexican Peso and Brazilian Real—moderated gains slightly.
Expense Management and Capital Investments
Cash operating expenses rose by 9% to US$381.73 million. On the financing side, consolidated charges and other expenses decreased by 7% to US$87.81 million, indicating improved cost efficiencies and financial management. Capital expenditures for the period amounted to US$231.98 million, part of a projected US$580 million for the full year. These funds are earmarked for expansion and upgrades in strategic markets including Mexico, the Philippines, the Democratic Republic of Congo, and Brazil.
Global Footprint and Continued Expansion Strategy
ICTSI, a publicly listed port-terminal developer and operator incorporated under Philippine law, continues to grow its global footprint through long-term concession agreements. With operations across six continents, the company manages terminals that range in capacity from 50,000 to 3.5 million TEUs annually. Through its sustained investments and operational performance, ICTSI remains focused on delivering value and strengthening its position in the global port terminal industry.
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Source: Portnews
