“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,” said Enrique Razon Jr., the chair and president of ICTSI.
“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,” he added.
First quarter financial highlights
• Gross revenues rose 17 percent to US$745.42 million on higher volumes and tariff gains.
• Global container volume increased 12 percent, driven by trade recovery and new terminals.
• EBITDA grew 18 percent to US$489.59 million with margins improving to 66 percent.
• Operating expenses rose 9 percent due to volume growth and wage hikes.
• Adjusted for one-offs, core net income would have climbed 25 percent year-on-year.
