The port operator’s net income climbed 19 percent to $751.56 million as revenues from port operations grew 16 percent to $2.34 billion, powered by record container volumes across its global terminals.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 17 percent to $1.54 billion, reflecting healthy margins and efficient operations.
Management’s view
“As we continue to invest in strategic expansions and pursue new opportunities across the Americas, Asia, and EMEA, we remain committed to driving sustainable growth and innovation throughout our global network,” Razon said in a statement on Thursday.
“Looking ahead, ICTSI is well-positioned to build on this momentum and deliver long-term value,” he added.
Q3 highlights
• Revenue from port operations jumped 20 percent to $827.74 million.
• EBITDA climbed 22 percent to $552.99 million on stronger operating income.
• Net income attributable to equity holders rose 26 percent to $267.72 million.
• Cargo throughput grew 11 percent to 10.69 million TEUs, driven by robust trade in the Americas, Asia, and Africa.
ICTSI continues expansion push
Capital expenditures reached $449.61 million in the first nine months, mainly for expansions in Mexico, the Philippines, and the Democratic Republic of Congo.
ICTSI has earmarked about $580 million in total capital spending for 2025, covering ongoing projects in Batangas and Manila, new expansions in Brazil and Cagayan de Oro, and upgrades across its global terminals.
—Edited by Miguel R. Camus
