PPA on track for another record year

The Philippine Ports Authority (PPA) is on track for another record year, with revenue closing in on the P25-billion level, still two months away from the peak demand period.

- By ELIJAH FELICE ROSALES

In a statement, PPA said revenues have grown by 11 percent to P24.97 billion as of October, from P22.58 billion a year ago, as ports are facilitating higher cargo and passenger traffic.

In turn, PPA’s net income increased by more than half to P10.67 billion during the period, from P7.08 billion, putting it on pace to remit record dividends to the government.

PPA general manager Jay Santiago attributed the growth to increasing cargo volume across ports, as the world recovers from trade shocks early this year. Trade was looking bleak at the beginning of 2025 when the US announced higher tariffs on imports.