ICTSI logs $974M profit in Jan-Sept, up 20% on volume growth

International Container Terminal Services, Inc. (ICTSI) reported a net income of US$974.09 million in the first nine months of 2026, up 20% from $813.78 million in the same period last year, as its terminals recorded double-digit growth during the period.

Revenue from port operations grew 24% to $2.90 billion in January to September 2026, from $2.34 billion reported in the same period in 2025.

The growth was mainly due to an increase in volume with favorable container mix, higher revenues from ancillary services and tariff adjustments at certain terminals; favorable foreign exchange translation impact; and revenue contribution of two new terminals–Durban Gateway Terminal (DGT) in South Africa and Batu Ampar Container Terminal (BACT) in Indonesia.

Earnings before interest, taxes, depreciation and amortization for the period increased 21% to $1.87 billion, while net income attributable to equity holders were up 20% to $898.89 million, driven primarily by higher operating income.

This story was originally published by PortCalls Asia. Read the full story at PortCalls Asia →