INTERNATIONAL Container Terminal Services Inc. (ICTSI) has estimated its capital expenditures for 2026 at $740 million.
A primary focus will be the completion of the phase 3B expansion at Contecon Manzanillo s.a. (CMSA) in Mexico. It will also continue ongoing expansions at Manila International Container Terminal (MICT), Mindanao Container Terminal (MCT) and South Luzon Container Terminal (SLCT) in the Philippines, as well as sites in Brazil and the Democratic Republic of Congo.
The 2026 budget includes four new expansion projects. These are located at Operadora Portuaria Centroamericana in Honduras, Victoria International Container Terminal in Australia, Contecon Guayaquil in Ecuador, and Phase 4 at CMSA in Mexico. The funds will also cover various equipment upgrades and maintenance capital expenditure.
ICTSI continues to pursue container terminal opportunities globally. "As we execute on strategic opportunities across our network and invest in new projects, we remain committed to maintaining the financial discipline and selective approach that have underpinned our track record of value creation," Razon said.
ICTSI utilized $650.44 million in capital expenditures in 2025. These funds were used for terminal expansions in Mexico, the Philippines, the Democratic Republic of Congo, and Brazil, as well as an upfront payment for a new project in Batam, Indonesia.
"Our focus on operational efficiency, targeted capital allocation, and prudent financial management supported continued margin expansion and strong cash generation," said Enrique Razon Jr., ICTSI chairman and president. He added that the company remains committed to financial discipline while investing in new projects.
The 2025 expenditures supported expansions at CMSA in Mexico, and several Philippine sites including the MICT and Manila North Harbour Port. Funding also went toward equipment acquisitions and the new SLCT in Batangas. Excluding the upfront payment for the Indonesian project, organic capital expenditure was $572.49 million.
