ZIM Integrated Shipping (ZIM) posted a Q2 2025 net income of $24 million, down from $373 million in Q2 2024, as lower freight rates and reduced volumes impacted earnings.
Revenues fell 15 per cent year-on-year (YoY) to $1.64 billion, with average rates dropping 12 per cent to $1,479 per TEU and volumes declining 6 per cent to 895,000 TEU.
Adjusted EBITDA dropped 38 per cent to $472 million, with a margin of 29 per cent (down from 40 per cent); adjusted EBIT also fell to $149 million from $488 million.
Operating cash flow totalled $441 million, and ZIM maintained a net leverage ratio of 0.8x, with net debt rising slightly to $3.03 billion.
Despite market headwinds, ZIM raised its 2025 earnings guidance, now expecting adjusted EBITDA between $1.8 billion–$2.2 billion and adjusted EBIT of $550 million–$950 million.
President and CEO, Eli Glickman said: “Amid market disruptions and volatility, we continued to leverage our upscaled capacity and improved cost structure in Q2. In this highly uncertain market environment, our focus is controlling what we can to position ZIM for sustainable and profitable growth.
“Our strength lies in the quality of our modern, competitive fleet and in our agile commercial strategy. We also continue to seek attractive opportunities that will ensure our fleet remains cost effective moving forward.”
In April, ZIM Integrated Shipping Services Ltd. announced long-term charters for 10 of its 11,500 TEU LNG dual-fuel container vessels, valued at approximately $2.3 billion.
