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The Subic Bay Metropolitan Authority Port Operations Group reported a consolidated gross revenue of P874 million in the first half of 2026, an 8% increase from the P806 million recorded in the same period last year
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SBMA deputy administrator III Operations Group Ronnie Yambao attributed the positive performance to strategic initiatives that balanced growth with stakeholder support
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The Seaport Department posted a 10% increase to P683 million, largely fueled by an 18% rise in non-containerized cargo
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The Trade Facilitation and Compliance Department recorded a 17% increase in revenue boosted by the newly implemented Registration Certificate policy, which introduced additional fees on trucks, heavy equipment, and regulated goods
The Subic Bay Metropolitan Authority (SBMA) Port Operations Group reported a consolidated gross revenue of P874 million in the first half of 2026, an 8% increase from the P806 million recorded in the same period last year.
The growth was propelled by stronger earnings in the Seaport Department and Trade Facilitation and Compliance Department (TFCD), despite ongoing global economic challenges, SBMA said in a statement.
SBMA deputy administrator III Operations Group Ronnie Yambao attributed the positive performance to strategic initiatives that balanced growth with stakeholder support.
“We successfully navigated a complex global environment while implementing discount measures totaling approximately Php 81 million. These were aligned with Executive Order No. 110 of President Ferdinand R. Marcos, Jr., aimed at mitigating disruptions caused by the fuel supply crisis linked to the Middle East conflict,” Yambao explained.
The Seaport Department continued to be the primary revenue driver, contributing 78% of the total consolidated gross income with P683 million, marking a 10% increase year-on-year. The growth was largely fueled by an 18% rise in non-containerized cargo, particularly bulk and break- bulk shipments, which surged 24%.
The notable increase in non-containerized cargo was further supported by an 88% surge in rice imports, driven by government measures to secure rice stocks ahead of the anticipated El Niño weather phenomenon.
Subic Bay International Airport accounted for 14% of the revenue, registering a slight 3% decrease due to lower leasing activities and reduced military logistics operations.
READ: SBMA port operations revenue up 20% to P389M in Q1 2026
The TFCD, meanwhile, recorded a double-digit growth of 17%, boosted by the newly implemented Registration Certificate policy, which introduced additional fees on trucks, heavy equipment, and regulated goods.
“Our first-half results underscore the strength and flexibility of the Port Operations Group. We remain committed to not only sustaining growth but also delivering impactful measures to mitigate external disruptions, in line with the President’s directives,” SBMA chairman and administrator Eduardo Jose Aliño said.
SBMA said it continues to strengthen its role as a key logistics and supply chain hub, supporting the nation’s economic stability and growth despite global uncertainties.
