August 16, 2025 | 12:00am
MANILA, Philippines — The logistics arm of the Udenna Group solidified its return to profitability after reserving a web revenue of greater than P200 million within the first half on double-digit progress in flagship companies.
Primarily based on its monetary report, Chelsea Logistics and Infrastructure Holdings Corp. delivered a web revenue of P231 million between January and June, flipping a yr in the past’s web lack of P81 million.
Chelsea recorded a 17-percent enhance in income to P4.67 billion, as the corporate exploited the demand for cargo and passenger companies.
Freight grew by 17 % to account for the most important share in income at 45 %.
Likewise, Chelsea additionally obtained a 30-percent spike in passenger revenue, backed by enlargement in shore-based companies.
Chelsea’s logistics revenues surged by 28 % because of the resilience of business-to-business demand and returns from digital investments. These beneficial properties mitigated the influence of challenges that Chelsea confronted in chartering and tugboat.
Additional, Chelsea continued to watch spending self-discipline to maximise income beneficial properties, with prices rising slower than revenue.
Chelsea’s earnings per share improved to P0.11, reflecting a return to profitability, and ebook worth per share picked as much as P2.1, backed by bigger fairness and extra belongings.
Chelsea president and CEO Chryss Alfonsus Damuy stated the corporate is engaged on sustaining this momentum in recognition of the belief that shareholders positioned in it previous to restoration.
“This milestone represents greater than only a monetary rebound, because it marks the start of a brand new chapter for Chelsea. Guided by our strategic imaginative and prescient and the steadfast dedication to operational excellence, we have now achieved a significant turnaround and returned to constructive monetary outcomes,” Damuy stated.
Chelsea will work subsequent on producing long-term worth for traders by way of disciplined spending and enlargement initiatives.
Chelsea chief monetary officer Darlene Agus-Binay stated these measures would guarantee the corporate stays on a worthwhile path from right here onward.
“By means of strategic price controls, optimized asset utilization, and aligned capital deployment, we have now strengthened monetary basis and achieved sustainable profitability,” Agus-Binay stated.
