Investor confidence remains high, with ICTSI among the Philippine stock market’s top performers this year. Its share price has climbed over 16 percent year-to-date, pushing its market value past P900 billion.
Management’s view
“We have continued our strong momentum, with ICTSI’s exceptional performance in the first half of 2025, underscoring the strength and agility of our diversified global operations,” said Razon, who is the chair and president of ICTSI.
“With revenue from port operations reaching $1.51 billion and EBITDA climbing to $990.54 million, we delivered a record net income of $483.84 million over the period—up 15 percent year-on-year. This achievement reflects our continued focus on operational excellence, strong balance sheet, strategic expansion, and disciplined cost management,’ he added.
Port revenues jump
Consolidated revenues rose 14 percent to $1.51 billion, while earnings before interest, taxes, depreciation and amortization increased 15 percent to $990.54 million, driven by stronger port volumes, tariffs, and container mix.
Total throughput increased 11 percent to 6.99 million TEUs, helped by activity growth across key terminals and new operations in the Philippines.
Second-quarter net income reached $244.31 million, up 16 percent year-on-year, while ebitda rose 11 percent to $500.94 million.
Expansion projects on track
Cash operating expenses also rose 9 percent to $381.73 million due to higher volumes and mandated wage adjustments, partly offset by cost-saving measures and forex gains.
Capital expenditures for the first half totaled $232 million, focused on expansion in the Philippines, Mexico, Congo, and Brazil, with full-year capex estimated at $580 million.
—Edited by Miguel R. Camus
