PPA earns P14.68B in H1 2025, beats targets

The Philippine Ports Authority (PPA) on Wednesday reported that it reaped P14.68 billion in total revenue for the first half of the year, surpassing its mid-year target by nearly a billion pesos and marking a 13.70 percent increase from the same period in 2024.

PPA records showed that as of June 2025, it had generated total revenues of P14.68 billion, exceeding its mid-year target of P13.77 billion. This reflects a P1.77 billion or 13.70 percent increase compared to the same period in 2024.

The revenue growth was primarily driven by increased vessel and cargo traffic, favorable movements in dollar-denominated tariffs, higher storage fees, and income from regulatory sources.

Regulatory income remained the largest contributor, accounting for 59.23 percent or ₱8.69 billion of total revenues, followed by service and business income and interest and other income.

Furthermore, the PPA said its net income before tax surged to P7.70 billion, exceeding the target of P5.94 billion and marking a 71.95 percent increase from the same period last year.

Meanwhile, net income after tax reached P6.72 billion, which is 35.43 percent above target and 77.67 percent higher than 2024 figures.

The strong profitability was supported by effective cost management, with total expenses at P6.98 billion, or 10.84 percent below the budgeted amount and 17.23 percent lower year-on-year, according to the PPA report.

The decrease in expenses was primarily attributed to a reduction in non-cash expenses.

“From a long-term perspective, the PPA’s financial performance has demonstrated consistent growth. Total revenues have risen from P14.32 billion in 2016 to P27.64 billion in 2024, with regulatory income increasing from P6.82 billion in 2016 to P15.68 billion in 2024. This steady rise highlights the agency’s evolving role and its efforts to transform the Philippine port system into a more efficient and globally competitive sector,” the PPA report stated.

On1 August, Department of Transportation Secretary Vince Dizon, together with PPA General Manager Jay Santiago, visited the Luzon International Container Terminal (LICT) in Bauan, Batangas.

The private investment from ICTSI aims to make LICT the second-largest container terminal in the country and the first fully automated container terminal in the Philippines.

The LICT will be modeled after ICTSI’s Victoria International Container Terminal in Melbourne and will feature remote-controlled quay cranes, driverless container haulers, and AI-enhanced yard management, according to the PPA.

“This technology doesn’t just boost productivity, it makes the port future-proof, allowing it to operate efficiently even amid labor disruptions or global health threats. Located in the south of Metro Manila and connected to major road arteries, the LICT is also expected to ease congestion in the Manila port zones. The terminal will be an anchor for the wave of industrial development with factories, manufacturing zones, and logistics centers to follow in the area. It is more than just an infrastructure, but a gateway for the Philippines to carve its path built on connectivity and adaptability,” the PPA further explained.

Moreover, the PPA said it is expanding, automating, and regionalizing its port systems and operations.

“With its consistent financial gains, the PPA’s commitment to delivering better services, modernizing port infrastructure, and building a legacy in dividend contributions will certainly bring growth in the maritime sector in the country and across the world,” the PPA stated.