International Container Terminal Services Inc. (ICTSI) said Wednesday its audited consolidated net income climbed 23 percent in 2025 to $1.05 billion from $849.80 million in 2024.
The global port operator attributed the growth to higher operating income and a recovery in trade activities across its international portfolio.
Revenue from port operations rose 18 percent to $3.23 billion from $2.74 billion a year earlier. The company handled a consolidated volume of 14,501,189 twenty-foot equivalent units (TEUs) in 2025, up 11 percent from 13,066,949 TEUs handled in 2024.
ICTSI chairman and president Enrique Razon Jr. said the results reflect the quality of the company’s diversified global portfolio and the resilience of demand across its markets.
“The 11-percent increase in consolidated volume underscores the strength of our customer relationships and the essential role our terminals play in the supply chains of their respective economies,” Razon said.
He said the company remains focused on operational efficiency and disciplined capital allocation.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 21 percent to $2.14 billion from $1.78 billion. The EBITDA margin improved to 66 percent from 65 percent in 2024. Excluding nonrecurring items and the impact of new and discontinued operations in the Philippines and Indonesia, net income would have grown 26 percent.
Diluted earnings per share increased 25 percent to $0.510 from $0.407 in the previous year. The company said revenue growth was led by favorable container mix and tariff adjustments, but gains were marginally reduced by unfavorable foreign exchange translation from the Mexican peso, Brazilian real and Australian dollar.
Capital expenditures for 2025 totaled $650.44 million, utilized for expansions in Mexico, the Philippines, Brazil and the Democratic Republic of Congo. For 2026, the group earmarked $740 million in capital expenditures to complete phase 3B at Contecon Manzanillo in Mexico and fund new projects in Honduras, Australia and Ecuador.
“Looking ahead, we remain confidence that we can capitalize on the opportunities across our markets,” Razon said.
“With a robust balance sheet, healthy pipeline of strategic expansions and deep bench of operational talent across our terminals, ICTSI is well positioned to continue executing our long-term strategy and create sustainable value for our shareholders,” he said.
