International Container Terminal Services (ICT) investor relations material

Executive summary

• Achieved double-digit growth in volume (+18%), yield (+10%), revenue (+29%), EBITDA (+26.2%), and net income (+23%) year-over-year for 1Q 2026, with recurring net income up 29%.

• Record earnings driven by inorganic-led volume growth, new terminal contributions, and stable organic performance.

• Major acquisitions included Durban Gateway Terminal (DGT) in South Africa and Batu Ampar Container Terminal (BACT) in Indonesia, boosting volume and revenue.

• A non-recurring $14.7M loss was recognized from the sale of Yantai International Container Terminal (YICT) in China.

• Strong fundamentals and a globally diversified portfolio underpin operational and financial outperformance.

Financial highlights

• 1Q 2026 volume reached 4.1M TEUs, gross revenues $961.1M, EBITDA $617.9M (64.3% margin), and net income $294M.

• Diluted EPS increased 23% year-over-year to $0.143.

• Cash operating expenses rose 40% to $262M; financing charges and other expenses up 39%.

• Cash and cash equivalents decreased 25.2% year-over-year to $821.5M, reflecting higher capex and dividend payments.

• Net cash from operations increased 36.1% to $610.9M; net cash used in investing rose to $144.2M.

Outlook and guidance

• Expansion projects are expected to add 3 million TEUs of capacity over the next three years.

• Management expects continued growth from recent acquisitions and ongoing expansion projects.

• Continued focus on disciplined capital allocation, expansion, debt management, and shareholder returns.

• The Group remains focused on operational improvements, cost optimization, and pursuing new terminal opportunities globally.