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International Container Terminal Services, Inc. reported a net income attributable to equity holders of US$589.98 million in the first half of 2026, an increase of 22% from $483.84 million in the same period last year driven primarily by higher operating income
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Despite a more challenging operating backdrop in some markets during the period, ICTSI chairman and president Enrique Razon Jr. said ICTSI’s diversified footprint continued to provide resilience and support strong financial and operational performance
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ICTSI handled a consolidated volume of 8.116 million TEUs in the first half of 2026, 16% higher than the 6.989 million TEUs handled in the same period in 2025
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ICTSI’s two new terminals in South Africa and Indonesia contributed to higher port revenue and container volumes handled
International Container Terminal Services, Inc. (ICTSI) reported a net income attributable to equity holders of US$589.98 million in the first half of 2026, an increase of 22% from the $483.84 million earned in the same period last year driven primarily by higher operating income.
Revenue from port operations grew 27% to $1.92 billion from $1.51 billion, mainly due to volume growth, higher revenues from ancillary services at certain terminals and tariff adjustments, and favorable foreign exchange translation.
Also contributing to the growth were revenue contribution of two new terminals: Durban Gateway Terminal (DGT), which took over port operations of Durban Container Terminal Pier 2 in Port of Durban, South Africa in January 2026; and Batu Ampar Container Terminal (BACT), which took over port operations in Batam, Indonesia, in September 2025.
Earnings before interest, taxes, depreciation and amortization rose 24% year-on-year to $1.23 billion, while net income likewise increased 22% to $641.39 million from $524.06 million.
For the second quarter alone, revenue from port operations increased 25% to $958.73 million from $764.63 million.
READ: ICTSI net income in Q1 jumps 23% on higher volume, new 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,” ICTSI chairman and president Enrique K. Razon, Jr. said in a statement.
Despite a more challenging operating backdrop in some markets during the period, Razon said ICTSI’s 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. I would like to thank our employees around the world for their continued commitment and contribution,” Razon added.
ICTSI handled a consolidated volume of 8.116 million twenty-foot equivalent units (TEUs) in the first half of 2026, 16% higher than the 6.989 million TEUs handled in the same period in 2025.
The increase was mainly due to the contribution of DGT and BACT, and supported by improvement in trade activities in Asia and the Americas, partially offset by a volume decrease in the Europe, Middle East, and Africa segment due to geopolitical conflict in the Middle East, and deconsolidation of Yantai International Container Terminal in China.
The group’s capital expenditures (capex) for the first half amounted to $320.05 million.
The estimated capex for 2026 is $740 million, which will be utilized mainly for the completion of phase 3B expansion at Contecon Manzanillo S.A. in Mexico; ongoing expansions at Manila International Container Terminal, Manila North Harbour Port Inc., Mindanao Container Terminal, and South Luzon Container Terminal in the Philippines; and ICTSI Rio in Brazil, and Matadi Gateway Terminal in the Democratic Republic of Congo. It will also be used for various other equipment acquisitions and upgrades; and maintenance capex; and four new expansion projects at Operadora Portuaria Centroamericana, SA de CV in Honduras, Victoria International Container Terminal Ltd. in Australia, Contecon Guayaquil S.A. in Ecuador and phase 4 at CMSA, Mexico.
READ: ICTSI secures 25-year extension at MICT, locking in operations to 2063
