Manila-based International Container Terminal Services Inc. (ICTSI) handled a consolidated volume of 6.99 million twenty-foot equivalent units (TEU) in the first half of 2025, up 11% from 6.3 million TEU in the same period last year. 

The volume increase at ICTSI’s terminals in the first half was largely attributed to improved trade flows across all regions.

Gross revenues from port operations rose 14% to US$1.51 billion in the first half of 2025, up from US$1.32 billion a year earlier. The increase was driven by tariff adjustments, volume growth with a favorable container mix, and higher ancillary service revenues at select terminals, including gains in general cargo. 

The growth, meanwhile, was partially offset by unfavorable foreign exchange movements.

 “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 Enrique K. Razon Jr., chairman and president of ICTSI.

Razon noted that EBITDA rose to US$990.54 million — delivering a record net income of US$483.84 million over the period - up 15% year-on-year.

“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,” he added.

Consolidated EBITDA for the six months of 2025 increased 15% to US$990.54 million from US$864.99 million in the same period in 2024.

ICTSI reported capital expenditures, excluding, capitalised borrowing costs, reaching US$231.98 million for the first six months of the year which were mainly for ongoing expansions at Contecon Manzanillo S.A. (CMSA) in Mexico, some Philippines terminals, and ICTSI DR Congo S.A. (IDRC) in Democratic Republic of Congo; and equipment acquisitions and upgrades at other terminals.

ICTSI has earmarked approximately US$580 million in capital expenditures for 2025. The funds will support ongoing development of its new terminal in Batangas, Philippines; Phase 3B expansion at Contecon Manzanillo in Mexico; upgrades at Manila International Container Terminal (MICT) and the Matadi terminal in the Democratic Republic of the Congo; new expansion projects at ICTSI Rio in Brazil and Mindanao Container Terminal in Cagayan de Oro, Philippines; as well as equipment acquisitions, system upgrades, and routine maintenance across its global portfolio.