International Container Terminal Services, Inc. (ICTSI) is a port management and container terminal operator based in the Philippines. It develops, manages, and operates container terminals and related services in multiple countries around the world.
Sector: Ports & Logistics
PH_ICT
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueM USD | Operating profitM USD | D&AM USD | EBITDAM USD | Net profitM USD | Operating CFM USD | Capex + M&AM USD | AssetsM USD | EquityM USD | ROE (annualized) | Net debtM USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Q1 2026 (3M) | OK | 961.1 y/y 28.9% | 510.6 y/y 23.9% | 107.2 y/y 38.5% | 617.8 y/y 26.2% | 314.7 y/y 20.6% | 610.9 | -83.3 | 9621.5 y/y 30.6% | 2397.7 y/y 45.3% | 51.6% | 2340.2 | Link |
| 2025-12-31 | Q4 2025 (3M) | OK | 896.9 y/y 23.5% | 521.3 y/y 32.9% | 58.1 y/y 17.4% | 579.4 y/y 31.1% | 296.6 y/y 36.5% | 526.4 | -108.2 | 9077.1 y/y 18.7% | 2481.2 y/y 30.3% | 48.3% | 1791.7 | Report (PDF) |
| 2025-09-30 | Q3 2025 (3M) | OK | 827.7 y/y 19.7% | 460.2 y/y 24.4% | 83.9 y/y 10.1% | 544.0 y/y 22.0% | 267.7 y/y 26.3% | 475.0 | -132.9 | 8035.4 y/y 6.9% | 2187.6 y/y 27.3% | 17.6% | 3245.5 | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 765.1 y/y 11.9% | 414.8 y/y 11.4% | 81.0 y/y 9.7% | 495.7 y/y 11.1% | 244.3 y/y -3.1% | 359.6 | -67.6 | 7867.1 y/y 7.6% | 1879.2 y/y 22.5% | 55.4% | 1709.8 | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 745.4 y/y 16.9% | 412.2 y/y 23.6% | 77.4 y/y 4.4% | 489.6 y/y 20.1% | 261.0 y/y 24.4% | 449.0 | -77.3 | 7369.7 y/y -2.0% | 1650.2 y/y 15.0% | 58.8% | 1745.3 | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 726.2 y/y — | 392.3 y/y — | 49.5 y/y — | 441.8 y/y — | 217.2 y/y — | 431.4 | -185.0 | 7649.4 y/y — | 1904.1 y/y — | 51.7% | 1545.2 | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | 691.7 y/y 16.3% | 369.8 y/y 22.1% | 76.2 y/y 5.0% | 446.0 y/y 18.8% | 212.0 y/y 24.2% | 360.4 | -36.9 | 7515.3 y/y 5.8% | 1718.3 y/y -7.5% | 17.4% | 1625.4 | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 684.0 y/y 15.4% | 372.3 y/y 20.7% | 73.9 y/y -1.5% | 446.2 y/y 16.4% | 252.1 y/y 58.4% | 361.2 | -32.5 | 7309.4 y/y 2.7% | 1534.2 y/y -9.3% | 67.9% | 1722.7 | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 637.6 y/y — | 333.5 y/y — | 74.2 y/y — | 407.6 y/y — | 209.9 y/y — | 426.2 | -34.1 | 7522.0 y/y — | 1434.9 y/y — | 50.3% | 1536.7 | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 628.5 y/y — | 304.7 y/y — | 44.5 y/y — | 349.2 y/y — | 27.0 y/y — | 344.9 | -47.9 | 7244.9 y/y — | 1905.2 y/y — | 5.7% | 1423.8 | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 594.9 y/y — | 302.9 y/y — | 72.6 y/y — | 375.5 y/y — | 170.7 y/y — | 319.7 | -57.8 | 7101.3 y/y — | 1857.8 y/y — | 12.8% | 1539.9 | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 592.7 y/y — | 308.4 y/y — | 75.0 y/y — | 383.5 y/y — | 159.2 y/y — | 301.5 | -37.3 | 7115.9 y/y — | 1691.4 y/y — | — | 1688.9 | Link |
| Short-term debt (incl. ST leases) | 300 |
| Long-term debt (incl. LT leases) | 2 862 |
| − Cash & equivalents | 822 |
| Net debt | 2 340 |
|---|
Net debt / LTM EBITDA: 1.0x
Quarterly values ($ mln)
Year-over-year change
FCF ($ mln)
Net debt / cash ($ mln)
| year | 2024 | 2025 |
|---|---|---|
| cash flow / profit | 1.69x | 0.43x |
| accruals, % of assets | -8.4% | 7.0% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: +16.6%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31) = (618 − 490) × 3.62 | 464 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (31 751 + 2 340) ÷ 2 237 | 15.2x |
| 3. Target multiple (Current EV/EBITDA + 10) ÷ 2 = (15.2 + 10) ÷ 2 | 12.6x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -595 + 0 + 0 − 0 | -595 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (464 × 12.6 + -595) ÷ 31 751 | +16.6% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://globalict.com.ph/financial-information/
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of International Container Terminal Services (ICTSI) — from primary filings.
See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map