ICTSI H1 net income jumps 15% to record US$483.84M

International Container Terminal Services, Inc. (ICTSI) posted a strong first-half performance for 2025, reporting a record net income of US$483.84 million, up 15 percent from the same period in 2024, as global throughput and revenues surged.

Consolidated volume rose 11 percent to 6.99 million TEUs, driving a 14 percent increase in revenue from port operations to US$1.51 billion. EBITDA also climbed 15 percent to US$990.54 million, with diluted earnings per share increasing by 17 percent to US$0.235.

“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 ICTSI Chairman and President Enrique K. Razon Jr. “This achievement reflects our continued focus on operational excellence, strong balance sheet, strategic expansion, and disciplined cost management.”

Excluding one-time gains from legal settlements and discontinued operations, recurring net income grew 20 percent, a testament to the robustness of ICTSI’s core business.

In the second quarter alone, revenues rose to US$764.63 million, net income hit US$244.31 million, and volume increased 9% year-on-year.

ICTSI cited growth in trade activity across regions, higher revenues from ancillary services and general cargo, and strategic tariff adjustments as key contributors to the performance. The firm also kept cash operating expenses in check despite higher volumes and wage adjustments, reflecting effective cost controls.

Capital expenditures for the first half amounted to US$231.98 million, with investments focused on key terminal expansions in Mexico, the Philippines, and the Democratic Republic of Congo. ICTSI has earmarked US$580 million in capex for 2025, aimed at boosting capacity and efficiency in its growing global portfolio.

“As we invest in key terminals across the Americas, Asia, and Africa, we remain committed to driving sustainable growth and innovation throughout our global portfolio,” Razon added.

ICTSI operates terminals in six continents, handling containerized cargo across a range of 50,000 to 3.5 million TEUs annually.