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Chelsea Logistics recorded a net income of P231 million in the first semester of 2025, a turnaround from the P81 million net loss in the same period last year
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Consolidated revenues reached P4.665 billion, a 17% year-on-year growth, driven by solid performance across most business segments
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Its freight business remained the top contributor with 45% share of the total
Chelsea Logistics and Infrastructure Holdings Corp. (CLC) recorded a net income of P231 million in the first semester of 2025, a turnaround from the P81 million net loss in the same period last year.
Consolidated revenues reached P4.665 billion, a 17% year-on-year growth, driven by solid performance across most business segments, CLC said in a statement.
Its freight business remained the top contributor with 45% share of the total. To alleviate capacity constraints, CLC deployed its chartered roll-on/roll-off vessel, driving a 17% year-on-year increase in freight revenues.
Revenues from the passage business surged 30%, supported by expanded shore-based services, while logistics revenues saw a notable uptick by 28%, fueled by resilient business-to-business demand and digital investments.
In contrast, chartering revenues declined by 9%, impacted by the off-hire of certain vessels, while tug services faced challenges stemming from vessel unavailability due to extended drydocking and breakdowns.
Gross profit climbed 34% to P1.174 billion, while operating profit jumped 47% to P650 million.
Consolidated earnings before interest, taxes, depreciation and amortization reached P1.609 billion, up 33% year-on-year.
“This milestone represents more than just a financial rebound, it marks the beginning of a new chapter for Chelsea Logistics,” CLC president and chief executive officer Chryss Alfonsus Damuy said.
“Guided by our strategic vision and a steadfast commitment to operational excellence, we have achieved a meaningful turnaround and returned to positive financial results. I sincerely thank our stakeholders for their enduring trust, and commend our outstanding team whose leadership, resilience, and shared purpose continue to drive our progress and shape the future of our organization,” he added.
CLC is the publicly-listed shipping and logistics arm of Udenna Corp. Its subsidiaries include, among others, Chelsea Shipping Corp.; Trans-Asia Shipping Lines; Starlite Ferries, Worklink Services, Inc.; TASLI Services, Inc.; and SuperCat.
READ: Chelsea Logistics turns fortunes around with P177M profit in 2024
