Hapag-Lloyd has released its annual report for the 2025 fiscal year, reporting solid financial results despite a challenging market environment, and announced a proposed dividend of EUR 3.00 per share.
The company recorded Group EBITDA of USD 3.6 billion and Group EBIT of USD 1.1 billion, while Group profit reached USD 1.0 billion. Although results were at the upper end of the company’s guidance, they were lower than the previous year due to declining freight rates and higher operational costs.
“2025 was a good year for Hapag-Lloyd with solid results. We have grown our volumes and outperformed the market,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
“Our Gemini network delivered 90% schedule reliability and customer satisfaction reached another record high. We also invested significantly in fleet efficiency and modernization to further decarbonize our operations,” he added.
In the liner shipping segment, revenues increased to USD 20.6 billion, supported by an 8 percent rise in transport volumes to 13.5 million TEU. However, EBITDA declined to USD 3.5 billion and EBIT to USD 1.0 billion, reflecting lower average freight rates, which fell 8 percent year-on-year to USD 1,376 per TEU.
The company said higher costs related to operational disruptions, including new tariff policies, Red Sea security tensions, port congestion and the rollout of the Gemini network, weighed on earnings. However, cost savings linked to the network began to materialize in the second half of the year and are expected to be fully realized in 2026.
The Terminal and Infrastructure segment also recorded growth, with revenues rising to USD 514 million driven by acquisitions and increased throughput. EBITDA remained stable at USD 152 million, while EBIT declined to USD 66 million due to operational challenges and ramp-up costs.
Based on its performance, Hapag-Lloyd’s Executive Board and Supervisory Board will propose a dividend of EUR 3.00 per share at the Annual General Meeting, representing a total payout of approximately EUR 0.5 billion.
Looking ahead, the company expects Group EBITDA for 2026 to range between USD 1.1 billion and USD 3.1 billion, while Group EBIT is projected to range between a loss of USD 1.5 billion and a profit of USD 0.5 billion.
“At the beginning of 2026, adverse weather conditions weighed on our performance and the conflict in the Middle East is now causing considerable network disruptions and sharply increasing operational costs,” said Habben Jansen.
“Against this backdrop, we expect earnings in 2026 to be lower than in 2025. We will leverage synergies from our Gemini network and accelerate cost savings initiatives to counter these headwinds,” he added.
The company also confirmed it will continue expanding its terminals portfolio under the Hanseatic Global Terminals brand while working toward the completion of its planned merger with ZIM.
