International Container Terminal Services Inc. (ICTSI) announced a 19 percent rise in net income for the first nine months of 2025, driven by strong operating income and robust volume growth across its global network. Net income for the period reached $751.56 million, up from $632.58 million during the same period in 2024.
Excluding the effects of nonrecurring items, as well as the impact of new operations in Iloilo, Philippines and Batam, Indonesia, and discontinued operations in Jakarta, Indonesia, ICTSI’s net income attributable to equity holders increased by 22 percent.
The company reported gross revenues of $2.3 billion, a 16 percent increase from $2.01 billion in 2024. Consolidated volume for the period reached 10.69 million TEUs (twenty-foot equivalent units), an 11 percent increase compared to the same period last year, reflecting improved trade activities across all regions.
Enrique K. Razon Jr., ICTSI chairman and president, highlighted the company’s ability to capture growth opportunities in dynamic markets. He emphasized the company’s commitment to sustainable growth, innovation, and strategic expansions, particularly in the Americas, Asia, and EMEA regions.
ICTSI’s capital expenditures for the period amounted to $449.61 million, primarily allocated to ongoing expansion projects in Mexico, the Philippines, and the Democratic Republic of Congo. The company estimates its total capital expenditures for 2025 to reach $580 million, which will fund the development of key projects, including the Batangas terminal in the Philippines, as well as expansions at its terminals in Mexico, Brazil, and the Philippines.
ICTSI continues to strengthen its position as a leading global terminal operator, serving the container shipping industry across six continents.
