International Container Terminal Services Inc. (ICTSI) closed the first half of the year with an attributable net income of $483.84 million, marking a 15 percent increase from $420.55 million in the same period last year.
ICTSI Chairman and President Enrique Razon Jr. highlighted in a statement the 11 percent growth in volume, which helped drive a 14 percent rise in revenues—from $1.32 billion to $1.51 billion.
The company handled 6.99 million twenty-foot equivalent units (TEUs) across its 32 terminals in 19 countries during the first half of 2025, up from 6.31 million TEUs in the same period last year.
ICTSI attributed the increase to “improvement in trade activities across all regions.”
Excluding the impact of new operations in the Philippines and discontinued operations in Indonesia, the group’s consolidated volume would still have registered an 11 percent growth, the company noted.
Of its planned $580 million in capital expenditures for the year, ICTSI spent $231.98 million in the first half—primarily for ongoing expansions at Contecon Manzanillo S.A. (CMSA) in Mexico, select Philippine terminals, and ICTSI DR Congo S.A. (IDRC) in the Democratic Republic of Congo. Funds also went toward equipment acquisition and upgrades at various terminals.
