ICTSI’s net profit jumps 15% in H1

Revenues increased 14% during the period.

Philippines-based International Container Terminal Services, Inc. (ICTSI) has reported a 15% increase in its net income attributable to equity holders, to reach $483.84m in the first half (H1) of 2025.

This performance was supported by a 14% increase in revenue from port operations to reach $1.51b. This was attributed to tariff adjustments, volume growth with a favourable container mix, and higher revenues from ancillary services at certain terminals, including growth in general cargo activities. This was partially reduced by unfavourable foreign exchange translation impact, mainly from the depreciation of the Mexican Peso, and Brazilian Real-based revenues.

“We have seen significant growth both operationally, an 11% increase in consolidated volume, and in the value we create for our shareholders, with a 17% increase in diluted earnings per share,” ICTSI Chairman and President Enrique Razon Jr. said.

ICTSI handled a consolidated volume of 6,989,075 twenty-foot equivalent units (TEUs) in H1, up 11% from the same period last year. The volume growth was mainly due to an improvement in trade activities across all regions.

Excluding the impact of new operations in the Philippines and discontinued operations in Indonesia, the consolidated volume would still have been up 11%.

“As we invest in key terminals across the Americas, Asia, and Africa, we remain committed to driving sustainable growth and innovation throughout our global portfolio,” Razon said.