ICTSI delivers strong half-year growth

The port operator posted revenue from port operations of US$1.92 billion for the six months to 30 June, up 27% from the same period in 2025. EBITDA rose 24% to US$1.23 billion, while net income attributable to equity holders increased 22% to US$589.98 million.

Excluding a non-recurring charge related to the sale of Yantai International Container Terminal in China, net income would have climbed 25% to US$604.69 million.

ICTSI chairman and president Enrique K. Razon Jr. said the results reflected both organic growth and the contribution of newly acquired terminals. “ICTSI delivered a strong first half, with double-digit growth in volumes, revenues and earnings supported by contributions from recently added terminals and stable performance across our existing portfolio,” he said.

“Despite a more challenging operating backdrop in some markets during the period, our diversified footprint continued to provide resilience and support strong financial and operational performance.

“We remain focused on executing our expansion programme, integrating new operations, and maintaining financial discipline across the business. We continue to invest to strengthen capacity and service levels across our portfolio while supporting sustainable long-term growth.”

Container throughput reached 8.12 million teu during the first half, an increase of 16% compared with 2025. The growth was driven primarily by the addition of Durban Gateway Terminal in South Africa and Batu Ampar Container Terminal in Indonesia, alongside stronger trade activity in Asia and the Americas. Excluding new and discontinued operations, volumes increased by 1%.

The company said higher revenues also reflected favourable cargo mix, increased ancillary services and tariff adjustments, although performance was partially offset by lower volumes at Basra Gateway Terminal in Iraq and the deconsolidation of the Yantai terminal.

ICTSI invested US$320 million in capital projects during the first half and expects to spend around US$740 million during 2026 on terminal expansions, equipment upgrades and new projects across Mexico, the Philippines, Brazil, Australia, Ecuador, Honduras and the Democratic Republic of Congo.