As one of the country’s top-performing government-owned-and-controlled corporations (GOCCs), under the leadership of General Manager Jay Santiago, the Philippine Ports Authority (PPA) is boosting efficiency and preparing for the long-term economic shifts by hitting another milestone during the first half of 2025 with ₱14.68 billion in total revenue, beating its mid-year target by nearly a billion pesos; a 13.70% increase in income from the same period in 2024; a higher vessel and cargo traffic; and a significant reduction in overall expenses.
As of June 2025, the PPA generated total revenues amounting to ₱14.68 billion, exceeding its mid-year target of ₱13.77 billion, a 13.70% increase or ₱1.77 billion compared to the same period in 2024. The growth in revenue was primarily driven by increased vessel and cargo traffic, favorable movements in dollar-denominated tariffs, higher storage fees, and income from regulatory sources. Regulatory income remains the largest contributor, accounting for 59.23% or ₱8.69 billion of total revenues, followed by service and business income and interest and other income.
Net income before tax surged to ₱7.70 billion, exceeding the target of ₱5.94 and marking a 71.95% increase from the same period last year. Net income after tax reached ₱6.72 billion, which is 35.43% above target and 77.67% higher than 2024 figures. This strong profitability was supported by effective cost management, with total expenses at ₱6.98 billion or 10.84% below the budgeted amount and 17.23% lower year-on-year. The decrease in expenses was primarily attributed to the reduction in non-cash expenses.
From a long-term perspective, the PPA’s financial performance has demonstrated consistent growth. Total revenues have risen from ₱14.32 billion in 2016 to ₱27.64 billion in 2024, with regulatory income increasing from ₱6.82 billion in 2016 to ₱15.68 billion in 2024. This steady rise highlights the agency’s evolving role and its efforts to transform the Philippine port system into a more efficient and globally competitive sector.
On August 1, 2025, the Department of Transportation Secretary Vince Dizon together with the PPA GM Santiago visited the Luzon International Container Terminal (LICT) in Bauan, Batangas. This private investment from ICTSI aims to be the second largest container terminal nationwide and the first to be full automated container terminal in the country.
The LICT will be fully automated, modeled after ICTSI’s Victoria International Container Terminal in Melbourne. Expect remote-controlled quay cranes, driverless container haulers, and AI-enhanced yard management. This technology doesn’t just boost productivity, it makes the port future-proof, allowing it to operate efficiently even amid labor disruptions or global health threats. Located in the South of Metro Manila and connected to major road arteries, the LICT is also expected to ease congestion in the Manila port zones. The terminal will be an anchor for the wave of industrial development with factories, manufacturing zones, and logistic centers to follow in the area. It is more than just an infrastructure but a gateway for the Philippines to carve its own path built on connectivity and adaptability.
The Philippine Ports Authority is expanding, automating, and regionalizing its port systems and operations. With its consistent financial gains, the PPA commitment in delivering better services, modernizing port infrastructure, and building a legacy in dividend contributions will certainly bring growth in the maritime sector in the country and across the world.
Source: Philippine Port Authority