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Asian Terminals Inc.’s net income soared 86.6% to P1.40 billion in the first quarter of 2025 from P752.7 million posted in the same quarter last year
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The growth is driven by higher cargo volumes handled by its Manila and Batangas terminals
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Revenues from January to March jumped 36.5% to P4.74 billion, supported by the 40.6% and 32.5% increase in revenues from its international container operations in Manila South Harbor and Batangas Container Terminal, respectively
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Collectively, ATI’s Manila and Batangas ports handled over 430,000 TEUs from January to March, nearly 26% higher than the same period last year
Asian Terminals Inc.’s (ATI) net income soared 86.6% to P1.40 billion in the first quarter of 2025 from P752.7 million posted in the same quarter last year. The growth is driven by higher cargo volumes handled by its Manila and Batangas terminals.
Revenues from January to March reached P4.74 billion, representing an increase of 36.5% from P3.47 billion year-on-year, the port operator said in a statement.
ATI attributed the growth to higher revenues from its international container operations in Manila South Harbor (MSH) and Batangas Container Terminal (BCT), which grew by 40.6% and 32.5% from last year, respectively.
Collectively, ATI’s Manila and Batangas ports handled over 430,000 twenty-foot equivalent units (TEUs) from January to March, nearly 26% higher than the same period last year.
MSH on average handled over 117,000 TEUs in each month, “setting a strong pace to start the year, a trend last seen prior to the pandemic,” ATI noted.
Earlier in the month, ATI officially unveiled recently completed projects under its MSH modernization program, bankrolled by P5.7 billion in capital investment in line with its commitment with the ports authority.
READ: P5.7B South Harbor modernization project inaugurated
The modernization projects include the extension of Pier 3 to over 600 meters, yard expansion to accommodate an additional 20,000 TEUs, and deployment of two brand-new ship-to-shore (STS) cranes that effectively increased MSH’s ship-side equipment fleet to 11 units.
In all, the modernization project brings MSH’s annual throughput capacity to around two million TEUs, growing its capacity by over 30% from 1.45 million TEUs previously.
TI said this enables the terminal to accommodate more cargo volumes and bigger ships deployed by international carriers, providing faster and safer turnaround times to support the country’s international trade.
ATI said its capital investment program for 2025 remains in full swing, with a minimum allocation of P4.2 billion that will fund further terminal expansions, the acquisition of green equipment and technologies to reduce carbon footprint, and their foray into innovative supply chain solutions.
