International Container Terminal Services, reported strong audited financial results for 2025, with net income attributable to equity holders reaching US$ 1.05 billion, a 23% increase from US$ 849.80 million in 2024.
On a recurring basis, excluding non-operational items and the impact of new and discontinued operations, net income growth reached 26%.
Diluted earnings per share rose 25% to US$ 0.510 from US$ 0.407 the previous year.
Revenue from port operations grew 18% to US$ 3.23 billion, up from US$ 2.74 billion in 2024, driven by volume growth, a more favourable container mix, tariff adjustments and higher ancillary service revenues.
Currency headwinds from the depreciation of the Mexican Peso, Brazilian Real and Australian Dollar partially offset these gains. EBITDA rose 21% to US$ 2.14 billion, with the EBITDA margin edging up to 66% from 65%.
Consolidated throughput reached 14.5 million TEUs, an 11 percent increase from 13.1 million TEUs in 2024, with volume growth recorded across all regions.
The recovery at Contecon Guayaquil in Ecuador was a notable contributor. Excluding the effects of new and discontinued operations, volume growth would still have stood at 10%.
Capital expenditure for 2025 amounted to US$ 650.44 million, directed primarily toward expansions in Mexico, the Philippines, Brazil and the Democratic Republic of Congo, as well as equipment upgrades and the upfront payment for the Batu Ampar Container Terminal in Batam, Indonesia.
For 2026, ICTSI has budgeted US$ 740 million in capital expenditure, covering ongoing expansions across its global network and four new projects in Honduras, Australia, Ecuador and Mexico.
Chairman and President Enrique K. Razon Jr. attributed the results to the quality of ICTSI’s diversified portfolio, disciplined capital allocation and strong customer relationships, and expressed confidence in the company’s ability to sustain its long-term growth trajectory.
