Tuesday, 18 November 2025, 10:04 am

    Chelsea Logistics swings to profit as turnaround gains steam

    Chelsea Logistics and Infrastructure Holdings Corp. has staged a full-scale financial comeback in 2025, riding on tighter cost controls and stronger demand across its shipping and logistics units. The company reversed last year’s loss, booking a P155 million net profit for the year ending September 30, 2025, as revenues climbed 15 percent to P6.876 billion.

    The rebound accelerated in the third quarter, with revenues rising 10 percent quarter-on-quarter to P2.211 billion — a sign that the company’s turnaround plan is gaining traction.

    Profitability surged across the board. Gross profit jumped 38 percent to P1.601 billion, widening margins to 23 percent from 19 percent a year ago. Operating profit soared 64 percent to P814 million, supported by steady operating expenses and improving fleet efficiency. Earnings before interest, taxes, depreciation and amortization grew 36 percent to P2.248 billion, while earnings per share swung to a positive P0.072 from a loss of P0.159.

    Cost discipline played a central role in the recovery. Total direct costs rose 9 percent, well below revenue growth, even as bunkering expenses increased 8 percent on higher trip volumes and fuel price fluctuations. Depreciation and amortization climbed 20 percent due to drydocking and vessel revaluation, but finance costs fell 15 percent following successful loan restructuring.

    Chelsea Logistics said its 2025 performance underscores resilient operations, sharper asset utilization and improved financial footing — placing the group on firmer ground to pursue sustained profitability and expansion in the coming year.

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