Thursday, 27 November 2025, 3:03 pm

    PPA posts strong gains as port activity surges

    State-run Philippine Ports Authority (PPA) reported a 51 percent jump in net income to P10.67 billion in the first 10 months of 2025, fueled by higher vessel and cargo traffic, dollar-denominated tariffs, and stronger regulatory income.

    The agency said its solid performance reflects disciplined financial management and more efficient operations, supporting expectations of sustained growth.

    Revenues rose 10.6 percent to P24.97 billion, driven by increased port activity nationwide.

    Cargo throughput climbed 7.5 percent to 262.84 million metric tons, boosted by demand for construction materials, ongoing infrastructure projects, mining activity, and rising mineral exports. PPA expects cargo volume to reach at least 301 million metric tons by year-end.

    Container traffic grew 11 percent to 7.14 million TEUs, attributed to improved port efficiency, modernization, digital tools like the Terminal Appointment Booking System (TABS), and stronger public-private partnerships. Container volume is on track to exceed 8 million TEUs this year.

    Passenger traffic increased 5.3 percent to 69.13 million, supported by domestic tourism and a booming cruise sector, which logged over 150,000 passengers—up 78 percent year on year. With the holiday rush approaching, PPA expects passenger numbers to hit 85.41 million by year-end.

    Ship calls rose 8 percent to 558,534, reflecting stronger domestic shipping activity and improved maritime connectivity across the country.

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