SITC reports strong revenue, shipping growth for nine months

SITC International Holdings Company Limited announced robust unaudited operating statistics for the nine months ended September 30, 2025. The Group's revenue climbed by approximately 16.6%, reaching $2,458.9 million, up from $2,108.5 million in the corresponding period of 2024. Container shipping volume also saw a healthy increase of approximately 7.8%, totaling 2,749,844 TEUs compared to 2,550,463 TEUs in 2024.

The average freight rate for the nine months ended September 30, 2025, excluding slot exchange fee income, stood at $754.9 per TEU, marking a 9.2% rise from $691.0 per TEU in the prior year. These figures underscore strong growth across key operational metrics.

Additionally, SITC provided clarification on its 2024 annual report regarding the Share Scheme. As of December 31, 2024, 7,582,548 share awards were granted, with 3,917,548 new shares allotted and issued on September 27, 2024. The total number of shares available for issue under the scheme was 264,347,788, representing 9.84% of the issued share capital.