Volume growth at Philippines-based International Container Terminal Services Inc. ICTSI in the first quarter was mainly driven by the addition of two terminals, including Durban Gateway Terminal, which assumed operations at DCT Pier 2 in January.
ICTSI reported a strong start to 2026, with recurring net income rising 29 to US308 million for the quarter ended March 31, supported by stable demand across its global portfolio.
Reported net income attributable to equity holders increased 23 to 294 million, up from 240 million in the same period last year. The higher recurring figure excludes a nonrecurring charge related to the sale of Yantai International Container Terminal in China.
