PSA International's net profit rises to S$1.1 billion, driven by record throughput of 105 million TEU, despite increased tax expenses.
Temasek-owned PSA International posted a 0.5 per cent rise in net profit to nearly S$1.1 billion (US$860 million) for 2025, reversing a sharp earnings slide from the previous year, reported Singapore's Business Times.
Revenue rose seven per cent to S$8.3 billion as the group handled a record 105 million TEU, which is up five per cent year on year. PSA Singapore contributed 44.5 million TEU, reflecting an 8.7 per cent increase, while overseas terminals delivered 60.4 million TEU, marking a two per cent rise.
Operating profit climbed 19 per cent to S$1.4 billion. However, gains were moderated by a 63.9 per cent rise in income tax expense and a non-cash impairment charge on intangible assets, which the company stated reflected a weaker economic and industry outlook.
