Philippine port operators are ramping up their investments both domestically and internationally in 2025 to sustain their growth.
Asia Terminals Inc. said it will invest a minimum of P4.2 billion this year aligned with its expansion strategy and in step with its investment commitment with port authorities.
“The capital investment 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,” ATI said.
In line with long-term sustainability goals, ATI said it explores new business growth drivers, including developing smart cargo storage spaces within and outside port zones, offering ancillary services anchored on its core competencies and exploring new port operations locally or overseas, given the right opportunity.
In 2024, ATI invested P3 billion, which fueled the full completion of the modern Batangas Passenger Terminal, the country’s biggest, busiest, and smartest terminal facility. This also paved the way for the operationalization of the Tanza Container Terminal.
The company reported a net income of P4.52 billion last year, up 2 percent from P4.43 billion in 2023.
It said revenues went up 7 percent to P16.54 billion last year from P15.45 billion in 2023.
For almost four decades, ATI has consistently proven its expertise in managing world-class ports and logistics, fueling the resilient growth of the Philippine economy.
Building on this strong foundation and industry knowledge, ATI relentlessly invests in, develops, and transforms port and terminal infrastructure into dynamic, responsive, and innovative assets for smarter, faster, and more sustainable cargo and passenger flow, solidifying its role as a major economic facilitator and trade enabler.
Embodying its mission to provide competitive end-to-end supply chain solutions, ATI continues to enhance its trade and transportation infrastructure in Manila, Laguna, Batangas, and Mindanao, upgrading capacity, capability, and technology to support customer growth, anticipate future market demand, and contribute to the nation’s inclusive and resilient development.
International Container Terminal Services Inc. (ICTSI) is also boosting its investment in 2025, earmarking around $580 million for capital expenditure, an increase from the $517.14 million spent last year.
The planned investments will focus on several key areas. A significant portion will continue the development of the new Batangas project in the Philippines. Expansions are also underway at CMSA in Manzanillo, Mexico (phase 3B), MICT in Manila, Philippines, and IDRC in Matadi, Democratic Republic of Congo. Moreover, ICTSI will initiate new expansion projects at its terminals in Rio, Brazil, and Cagayan de Oro, Philippines (Mindanao Container Terminal).
The remaining funds will be allocated to acquiring and upgrading various equipment, as well as essential maintenance across its operations.
ICTSI earlier reported a net income of $849.80 million last year, up 66 percent from m $511.53 million in 2023.
The increases in net income for 2024 compared to 2023 included nonrecurring income from settlement of legal claims at ICTSI Oregon in the first quarter of 2024 and the impact of the deconsolidation of PT PBM Olah Jasa Andal (OJA), Jakarta, Indonesia.
The nonrecurring expenses in 2023 included the charge on goodwill attributed to Pakistan International Container Terminal (PICT), Karachi, Pakistan and other noncurrent assets.
Excluding the impact of nonrecurring income and charges in 2023 and 2024, net income would have grown 23 percent to $830.94 million.