This follows a stellar market run that has cemented its status as the most valuable company on the Philippine Stock Exchange index (PSEi).
The port operator awarded 2,250,683 shares under its stock incentive plan at P646.00 apiece, translating to roughly P1.45 billion in value.
The move also increases its public float and liquidity as the global cargo port operator trades near all-time highs.
ICTSI gained 3.75 percent to P705 each, adding to gains of about 104 percent in the last 12 months and nearly 500 percent since the middle of the global pandemic.
“The transaction covered herein is not a sale of treasury shares to the public but rather an award of shares to certain officers and employees of the ICTSI Group that have vested under the company’s stock incentive plan,” ICTSI said in a stock exchange filing on Tuesday.
It last issued shares to employees in March 2025 at P332.31 each, roughly half its current value.
ICTSI has grown into a global force in port operations with a portfolio spanning 32 terminals across 19 countries, including Argentina, Iraq and Nigeria.
It is currently the most valuable stock in the 30-member PSEi, with a market value approaching P1.4 trillion as of Tuesday afternoon.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
