ICTSI's H1 2026 throughput rises 16% to 8.12m TEU, with revenue up 27% to US$1.92 billion, driven by new terminal operations and stable performance.
International Container Terminal Services Inc (ICTSI) reported handling 8.12 million TEU in the first half of 2026, a 16 per cent increase year on year, with revenue from port operations rising 27 per cent to US$1.92 billion, reports London's Container Management.
Recurring net income grew 25 per cent to US$604.69 million, while EBITDA rose 24 per cent to US$1.23 billion. The EBITDA margin slipped to 64 per cent from 66 per cent due to the integration of newly acquired operations.
Growth was driven by contributions from Durban Gateway Terminal in South Africa, which began operations in January, and Batu Ampar Container Terminal in Indonesia, which opened in September 2025. Excluding new and discontinued operations, organic growth was 1 per cent.
Trade activity in Asia and the Americas supported volumes, while EMEA experienced a decline amid geopolitical conflict in the Middle East.
Capital expenditure in the first half reached US$320.05 million, with full-year spending estimated at US$740 million. Investments target expansions in Mexico, the Philippines, Brazil, and the Democratic Republic of Congo, along with new projects in Honduras, Australia, Ecuador, and Mexico.
Chairman Enrique K Razon Jr stated that ICTSI delivered a strong first half with double-digit growth in volumes, revenues, and earnings, supported by new terminals and stable performance across the existing portfolio.
