International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2026 posting revenue from port operations of US$2.90 billion, an increase of 24% from the US$2.34 billion reported for the same period in 2025. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was US$1.87 billion, 21% higher than the US$1.54 billion generated in the same period last year, and net income attributable to equity holders was US$898.89 million, an increase of 20% from the US$751.56 million earned in the same period last year driven primarily by higher operating income.
Excluding the nonrecurring charge from the sale of Yantai International Container Terminal (YICT) in Shandong Province, China, net income attributable to equity holders would have grown 22% to US$913.59 million. Diluted earnings per share increased 21% to US$0.442 from US$0.365 in the same period in 2025.
For the quarter ended September 30, 2026, revenue from port operations increased 19% from US$827.74 million to US$984.05 million; EBITDA was 15% higher at US$635.74 million from US$552.99 million; and net income attributable to equity holders was at US$308.90 million, 15% more than the US$267.72 million in the same period in 2025. Diluted earnings per share for the third quarter of 2025 and 2026 was at US$0.130 and US$0.153, respectively.
ICTSI handled consolidated volume of 12,114,429 TEUs in the first nine months of 2026, 13% higher than the 10,687,128 TEUs handled in the same period in 2025. The increase was mainly due to the contribution of two new ICTSI terminals: Durban Gateway Terminal (DGT - pictured), which took over port operations of DCT Pier 2 in Port of Durban, South Africa in January 2026, and Batu Ampar Container Terminal (BACT), which took over port operations in Batam, Indonesia, in September 2025.
Volumes were also supported by improvement in trade activities in Asia and the Americas, partially offset by volume decreases at certain terminals in EMEA, mainly at Basra Gateway Terminal (BGT) in Iraq due to geopolitical conflict in the Middle East, and the deconsolidation of YICT.
Excluding volume contributions from the new operations in DGT and BACT, and discontinued operations in YICT, consolidated volume would have marginally increased by 0.1%. For the quarter ended September 30, 2026, total consolidated throughput was eight percent higher at 3,998,671 TEUs compared to 3,698,053 TEUs in 2025.