Sunday, June 22, 2025
Home News ICTSI achieves record net income and volume growth in Q1

ICTSI achieves record net income and volume growth in Q1

International Container Terminal Services, Inc. (ICTSI) has reported robust financial and operational results for the first quarter of 2025, posting solid gains across key metrics and achieving record earnings.

The Philippines-based port and terminal operator recorded a 17% year-on-year increase in revenue, reaching US$745.42 million in Q1. Additionally, EBITDA rose by 18% to US$489.59 million, reflecting strong operational performance and improved cost efficiencies.



At the same time, the company’s net income for the quarter hit a record high of US$239.54 million, marking a 14% increase compared to the same period in 2024.

On the operations side, ICTSI handled 3,471,913 twenty-foot equivalent units (TEUs) across its global portfolio during the first three months of 2025—a 12% increase year-on-year. The company attributed the growth to several factors, including the launch of new services, stronger trade activity at select terminals, volume recovery at Contecon Guayaquil S.A. (CGSA) in Ecuador, and the contribution from its newest facility, the Visayas Container Terminal (VCT) in Iloilo, Philippines.

“Our balance sheet is robust and cash generation has been strong, reinforcing our ability to invest and capitalize on growth opportunities,” said Enrique K. Razon Jr., ICTSI Chairman and President.



He added: “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.”





Antonis Karamalegkos
Managing Editor

Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!