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.”
