Philippines-based port operator International Container Terminal Services Inc. (ICTSI) delivered strong financial results in 2025, surpassing $1 billion in net income as container volumes across its global terminal network continued to grow.
The company handled 14.5 million TEU across its worldwide operations last year, representing an 11% increase compared with the 13.1 million TEU recorded in 2024.
Revenue from port operations rose by 18% to $3.23 billion, while net income climbed 23% to $1.05 billion. Earnings before interest, taxes, depreciation and amortisation increased by 21% to $2.14 billion.
ICTSI chairman and president Enrique K. Razon Jr. said the results reflected the strength of the company’s diversified global portfolio and the resilience of demand across multiple markets.
“The 11% increase in container volumes highlights the strength of our customer relationships and the critical role our terminals play within the supply chains of the economies we serve,” Razon said.
The company attributed revenue growth primarily to higher cargo volumes, favourable container mix and tariff adjustments across several terminals. Additional income from ancillary services also contributed to the improved results, although currency fluctuations slightly reduced overall revenue growth.
ICTSI said the increase in cargo throughput was driven by stronger trade activity across multiple regions, including a notable recovery in operations in Guayaquil, Ecuador.
The company added that disciplined capital allocation, operational efficiency and prudent financial management helped expand margins while maintaining strong cash generation.
Looking ahead, ICTSI said it remains focused on investing selectively in new projects across its terminal network while maintaining the financial discipline that has underpinned its long-term value creation strategy.
