INTERNATIONAL Container Terminal Services, Inc., parent of Melbourne’s Victoria International Container Terminal, achieved major uplifts in throughput, revenues, EBITDA and earnings-per-share in 2025.
Late last week the Manila-based company declared revenue from port operations of US$3.23 billion, an increase of 18% from the US$2.74 billion reported for the same period in 2024; EBITDA of US$2.14 billion, 21% higher than the US$1.78 billion generated in the same period last year; and net income attributable to equity holders of US$1.05 billion, 23% more than the US$849.80 million earned in the same period last year.
ICTSI handled consolidated volume of 14,501,189 TEU in 2025, 11% higher than the 13,066,949 TEU handled in 2024. The volume growth was due to improvement in trade activities across all regions, particularly the recovery in Guayaquil, Ecuador. Excluding the impact of new and discontinued operations, the Group's consolidated volume would still have been up 10%.
Gross revenues from port operations in 2025 grew 18% to US$3.23 billion from US$2.74 billion reported in 2024 mainly due to volume growth with a more favourable container mix, tariff adjustments and higher revenues from ancillary services at certain terminals. This was marginally reduced by the unfavourable foreign exchange translation impact mainly from the depreciation of Mexican Peso (MXN)-, Brazilian Real (BRL)- and Australian Dollar (AUD)-based revenues. Excluding the impact of new and discontinued operations, the Group's consolidated gross revenues would still have increased 18%, ICTSI said.
Enrique K. Razon Jr., chairman and president, said the results reflect the quality of ICTSI’s diversified global portfolio, resilience of demand across markets and the disciplined execution of long-term strategy.
“Our focus on operational efficiency, targeted capital allocation and prudent financial management supported continued margin expansion and strong cash generation. As we execute on strategic opportunities across our network and invest in new projects, we remain committed to maintaining the financial discipline and selective approach that have underpinned our track record of value creation,” he said.
“Looking ahead, we remain confident that we can capitalize on the opportunities across our markets. With a robust balance sheet, healthy pipeline of strategic expansions and deep bench of operational talent across our terminals, ICTSI is well positioned to continue executing our long-term strategy and create sustainable value for our shareholders. I would like to thank our employees around the world for their continued dedication and commitment.”