Revenue climbed 17 per cent with net income up 14 per cent, the terminal operator announced
International Container Terminal Services (ICTSI), the world’s largest independent terminal operator, has reported on a positive set of results for the opening quarter (Q1) of the year.
Revenue from port operations came in at US$745.42mn, an increase of 17 per cent on the same period in 2024, while EBITDA was US$489.59mn, 18 per cent higher year-on-year.
Net income grew 14 per cent to US$239.54mn, the company said, with recurring net income up 25 per cent.
ICTSI handled consolidated volume of 3.47mn TEUs in the first quarter of 2025, 12 per cent higher than the opening three months of the previous year.
“I am pleased to report a strong start to the financial year with ICTSI delivering increase in revenues of 17 per cent to US$745.42mn and setting another record high net income of US$239.54mn, up 14 per cent,” said Enrique Razon Jr, ICTSI chairman and president.
”Our international portfolio performed very well with consolidated volume up 12 per cent, benefiting from our geographic diversification across 19 countries, which has enabled us to generate continued growth.
“Our balance sheet is robust and cash generation has been strong, reinforcing our ability to invest and capitalise on growth opportunities,” he continued.
“Looking ahead, we are mindful of the uncertainty over global trading arrangements and potential macroeconomic headwinds but for ICTSI, the direct impact of announced tariffs is small owing to limited exposure to US trade.
”We look to the future with confidence, and with our highly disciplined business model and diversified operations, ICTSI remains resilient and in a strong position to continue to deliver financially and operationally for our stakeholders,” Razon added.
