Chelsea Logistics Rebounds Strongly in H1 2025, Delivering ₱231M Net Income and 387% Year-on-Year Growth

Broad-Based Growth Across Core Segments Fuels Significant Financial Comeback

Chelsea Logistics delivered a major financial turnaround in the first half of 2025, reversing last year’s ₱81 Million Net Loss and posting a ₱231 Million Net Income. Consolidated Revenues reached P4.665 Billion, a 17% year-on-year (YoY) growth, driven by solid performance across most business segments.

Freight remained the top contributor with 45% of total revenues, up 17% YoY. Passage revenues surged 30%, supported by expanded shore-based services. While, Logistics revenues saw a notable uptick by 28%, fueled by resilient B2B demand and digital investments.

Despite operational headwinds in chartering and tugboat services, the Group maintained cost discipline, with total direct costs rising slower than revenues.

Gross Profit climbed 34% to ₱1.174 Billion, while Operating Profit jumped 47% to ₱650 Million. As the Group remains focused on strategic growth, operational efficiency, and delivering long-term value to stakeholders.

Consolidated Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) reached ₱1.609 Billion, up 33% YoY. Earnings Per Share improved to P0.108, reflecting a return to profitability. Book Value per Share rose to ₱2.10, supported by stronger equity and stable assets.

Chelsea Logistics President & CEO Chryss Alfonsus V. Damuy said: “This milestone represents more than just a financial rebound, it marks the beginning of a new chapter for Chelsea Logistics. Guided by our strategic vision and a steadfast commitment to operational excellence, we have achieved a meaningful turnaround and returned to positive financial result. I sincerely thank our stakeholders for their enduring trust, and commend our outstanding team whose leadership, resilience, and shared purpose continue to drive our progress and shape the future of our organization.”

Chelsea Logistics CFO Darlene S. Agus-Binay added, “Our financial turnaround underscores the strength of our disciplined resource management and unwavering focus on operational efficiency. Through strategic cost control, optimized asset utilization, and aligned capital deployment, we’ve reinforced our financial foundation and achieved sustainable profitability. Our commitment to long-term value creation remains resolute.”