Chelsea Logistics and Infrastructure Holdings Corp. announced a significant financial turnaround for the first half of 2025, reversing its ₱81 million net loss from the previous year to achieve a net income of ₱231 million. This milestone reflects strong operational performance and strategic growth across its business segments.
The Group’s consolidated revenues reached ₱4.665 billion, marking a 17% year-on-year increase. This growth was driven by robust performance in its core businesses. Freight remained the top contributor, accounting for 45% of total revenues with a 17% increase. Passage revenues saw a remarkable 30% surge, supported by expanded shore-based services, while Logistics revenues also saw a notable uptick of 28%, fueled by resilient business-to-business (B2B) demand and key digital investments.
Despite operational challenges in its chartering and tugboat services, Chelsea Logistics maintained disciplined cost management, ensuring that total direct costs grew at a slower rate than revenues. This efficiency led to a 34% rise in Gross Profit to ₱1.174 billion and a 47% jump in Operating Profit to ₱650 million. The Group’s strategic focus on operational efficiency and delivering long-term value to stakeholders is further evidenced by a 33% YoY increase in consolidated Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), which reached ₱1.609 billion.
The financial rebound is also reflected in key performance indicators. Earnings Per Share improved to ₱0.108, a clear sign of the company’s return to profitability. Book Value per Share also rose to ₱2.10, supported by a strengthening equity position and stable assets.
“This milestone represents more than just a financial rebound; it marks the beginning of a new chapter for Chelsea Logistics,” said Chelsea Logistics President & CEO Chryss Alfonsus V. Damuy. “Guided by our strategic vision and a steadfast commitment to operational excellence, we have achieved a meaningful turnaround and returned to a 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.”
