Port operator Asian Terminals Inc. (ATI) on Thursday reported an 86 percent surge in its net income for the first quarter of 2025 to P1.4 billion from P753 million in the same period last year.
Revenues from January to March reached P4.74 billion, representing an increase of 36.5 percent from P3.47 billion in the same period last year.
ATI said in a statement it attributed the profit growth to higher revenues from its international container operations in Manila South Harbor and Batangas Container Terminal, which grew by 41 percent and 33 percent year-on-year, respectively.
From January to March this year, ATI’s Manila and Batangas ports handled over 430,000 twenty-foot equivalent units (TEUs) of boxed cargoes, 26 percent higher than the same period last year.
Manila South Harbor, considered as the Philippines’ premier international trade gateway, handles on average over 117,000 TEUs each month.
“This sets a strong pace to start the year, a trend last seen prior to the pandemic,” ATI said.
Earlier this month, ATI unveiled its recently completed projects under the Manila South Harbor modernization program, funded by P5.7 billion in capital investment.
The modernization projects are bannered by the extension of Pier 3 with two additional brand-new ship-to-shore (STS) cranes, effectively increasing the port’s ship-side equipment fleet to 11 units, and the completion of additional container storage spaces.
The development brings the port’s annual throughput capacity to two million TEUs, 30 percent more from the average 1.45 million TEUs previously.
ATI said development will enable the terminal to accommodate more cargo volumes and bigger ships deployed by international carriers and provide faster and safer turnaround times.
For this year, ATI said it has raised its capital expenditure by 40 percent to P4.2 billion from P3 billion in 2024, to fund its ongoing expansion strategy and investment commitments with port authorities
ATI said the capital investment this year will primarily support the expansion of seaside and landside facilities, acquisition of green equipment to boost its carbon reduction program, gate automation and IT systems, and expansion of integrated logistics solutions leveraged on its port infrastructure.
