International Container Terminal Services (ICT) Q2 2026 earnings summary

Executive summary

• Achieved double-digit growth in volume, revenue, EBITDA, and net income year-over-year for 2Q and 1H 2026, driven by new terminals, organic growth, and favorable currency impacts despite disruptions in Basra, Iraq.

• Major acquisitions and contract extensions in Australia, South Africa, Brazil, and Indonesia expanded the global terminal network.

• Portfolio remains globally diversified and consumption-driven, supporting resilient earnings growth.

Financial highlights

• 2Q 2026 volume up 15% to 4.0M TEUs; 1H 2026 volume up 16% to 8.1M TEUs year-over-year.

• 2Q 2026 gross revenue up 25% to $959M; 1H 2026 gross revenue up 27.1% to $1.92B year-over-year.

• 2Q 2026 EBITDA up 23% to $614M; 1H 2026 EBITDA up 24.3% to $1.23B; EBITDA margin at 64.1%.

• 2Q 2026 net income attributable to equity holders up 21% to $296M; 1H 2026 up 21.9% to $590M.

• Diluted EPS up 23% year-over-year for both 2Q and 1H 2026; basic EPS at $0.290 for 2026.

Outlook and guidance

• Organic portfolio and newly acquired terminals expected to continue driving volume, revenue, and earnings growth.

• Concession renewals extend average remaining concession life to over 22 years.

• Robust cash flow and balance sheet position the company to pursue further growth opportunities.

• Macroeconomic and geopolitical risks, including currency fluctuations and inflation, are being closely monitored.