PSA International Pte Ltd (PSA) is gearing up for a transformative year in 2025, emphasizing resilience, sustainability and enhancing global supply chains in the face of ongoing geopolitical shifts, rapid technological advances and the increasing demand for climate action.
Building on its record-breaking container handling volume in 2024 of 100.2 million Twenty-foot Equivalent Units (TEUs) — a milestone marking a 5.6% increase from the previous year — the global port operator outlined its plans for the year, which are expected to advance its strategic initiatives.
Of the 100.2 million TEUs handled, PSA Singapore contributed 40.9 million TEUs, and PSA terminals outside Singapore delivered a total throughput of 59.2 million TEUs, both increasing 5.5% and 5.7%, respectively, from the previous year.
PSA Group revenue increased by 8.9%, driven by higher throughput from port operations and increased ocean and air export volumes from the supply chain business.
Net profit for the year, however, declined by 25.2% from the previous year due to a 3.7% lower operating profit from increased operating cost and impact of inflation, and noncash impairment charge on intangible assets, which was necessitated by a weaker economic outlook against carrying value.
According to Group Chairman Peter Voser, PSA's priorities for 2025 include investing in infrastructure, innovation, and partnerships to bolster its position as a leading global port operator and supply chain solutions provider.
"The horizons ahead are shaped by geopolitical developments, rapid technological advances, and the urgency of climate action. To stay the course, PSA must embrace a transformative mindset to co-create more interconnected and sustainable global supply chains," Voser said.
"We will endeavour to continue working closely with our stakeholders across the Group's portfolio of ports, supply chain solutions, marine, and digital businesses to help shape a more sustainable world," he added.
Group CEO Ong Kim Pong emphasized PSA's commitment to leveraging its network of ports to promote efficient trade flows and ensure the continuity of global trade.
He said that the Node to Network (N2N) strategy of PSA will continue driving improvements in terminal performance by connecting isolated nodes into integrated networks.
"Building on the firm foundations laid by our pioneers, PSA will act with perseverance for sustained progress, working alongside our customers, partners, and stakeholders to shape the future of trade," Ong said.
In 2025, PSA plans to embrace digitalization, smart technologies, and energy efficiency transitions to tackle external challenges and strengthen its competitive edge.
The company is also set to capitalize on its achievements, enhance business performance, and position itself at the forefront of global trade and supply chain solutions.
