Manila-headquartered ICTSI reported Q1 revenues in 2025 of $745.43 million and increase of 17% year-on-year. First quarter profits were $239.54 million up 14% on the same period a year earlier.
Volumes handled its global container terminals in 19 countries increased by 12% to 3.47 million teu in the first quarter of 2025.
“Our international portfolio performed very well with consolidated volume up 12 percent, benefiting from our geographic diversification across 19 countries, which has enabled us to generate continued growth,” commented Enrique Razon Jr, Chairman and President of ICTSI.
ICSTI said that growth was mainly due to the impact of new services and improvement in trade activities at certain, undisclosed, terminals, volume recovery at Contecon Guayaquil S.A. (CGSA) and the contribution of Visayas Container Terminal (VCT), the new terminal in Iloilo, Philippines. The the deconsolidation of OJA, Jakarta, Indonesia had a negative impact on volumes.
Commenting on the outlook Razon said: “Looking ahead, we are mindful of the uncertainty over global trading arrangements and potential macroeconomic headwinds but for ICTSI, the direct impact of announced tariffs is small owing to limited exposure to US trade.”
The group plans to invest $580 million developments and expansion in 2025. The bulk of capital expenditure will be on the continued development of the new project in Batangas, Philippines, phase 3B expansion in CMSA, Manzanillo, Mexico, expansion of MICT, Manila, Philippines, and IDRC, Matadi, DRC; new expansion projects at ICTSI Rio, Brazil and Mindanao Container Terminal, Cagayan de Oro, Philippines.
