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The Philippine Ports Authority recorded a net income of P10.67 billion in the first 10 months of the year, surging 50.76% from the P7.08 billion earned in the same period last year
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Revenue from January-October 2025 was also up 10.57% to P24.97 billion, attributed to increased vessel and cargo traffic, the positive impact of dollar-denominated tariffs, higher storage fees, and stronger regulatory income
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Cargo throughput rose by 7.47% to 262.84 million metric tons while container traffic rose 11.04% to 7.14 million TEUs
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Passenger traffic was up 5.25% to 69.13 million while ship calls grew 7.95% to 558,534
The Philippine Ports Authority (PPA) recorded a net income of P10.67 billion in the first 10 months of the year, surging 50.76% from the P7.08 billion earned in the same period last year, driven by continued rise in cargo, container, and passenger traffic.
Revenue from January-October 2025 reached P24.97 billion, up 10.57% from the P22.58 billion earned in the same period last year, PPA said in a statement.
The ports authority attributes the improvements to increased vessel and cargo traffic, the positive impact of dollar-denominated tariffs, higher storage fees, and stronger regulatory income. These results also “highlight disciplined financial management and more efficient operations across the agency, setting a strong foundation for sustained growth”, PPA said.
“I congratulate the men and women of PPA. We are pleased to share that the PPA continues to register consistent improvement across all operational indicators. We can attribute this to good and transparent fiscal management of PPA,” PPA general manager Jay Daniel Santiago said.
PPA said its solid financial footing is reinforced by the continued expansion of cargo operations.
Cargo throughput rose by 7.47% to 262.84 million metric tons (mt) in the first 10 months of the year from 244.58 million mt in the same period last year.
PPA said the increase was driven by steady demand for construction materials, ongoing infrastructure projects, growth in mining activities, and rising exports of raw minerals.
Given this trajectory, PPA said cargo volumes are on track to reach at least 301.47 million mt by year-end.
READ: PPA income up 78% in first half on higher vessel, cargo traffic
Container traffic likewise grew by 11.04% to 7.14 million twenty-foot equivalent units (TEUs) from 6.43 million TEUs last year, “reflecting improved port efficiency and the impact of modernization initiatives,” PPA said.
The agency said digitalization programs such as the Terminal Appointment Booking System in Manila international terminals, strengthened public-private partnerships, and the expansion of domestic shipping fleets continue to streamline processes.
With performance holding strong, container throughput is expected to exceed the 8-million-TEU mark by year-end.
Passenger movement also showed steady improvement, increasing by 5.25% to 69.13 million in the 10-month period this year from 65.68 million passengers in the same period in 2024.
PPA said this growth is supported by vibrant domestic tourism and a robust cruise sector, which has already welcomed more than 150,000 passengers as of October, a 78% year-on-year increase.
As the Christmas travel season approaches, PPA said it anticipates a further rise in passenger volumes. All PPA-managed ports are fully prepared to accommodate the surge, ensuring safe and convenient travel.
Passenger traffic is projected to reach 85.41 million by year-end.
Completing the upward trend, ship calls increased by 7.95% to 558,534 from 517,411, indicating stronger domestic shipping activity and enhanced maritime connectivity across the country.
With all key indicators trending upward and momentum holding strong, PPA said it remains confident that it will not only meet but exceed its operational and financial targets for 2025.
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