ZIM Integrated Shipping Services Ltd. announced today its consolidated results for the three and six months ended June 30, 2025.
For the second quarter of 2025, ZIM reported a net income of $24 million (compared to $373 million in the second quarter of 2024), or diluted earnings per share of $0.19 (compared to $3.08 in the second quarter of 2024). Adjusted EBITDA for the quarter was $472 million, reflecting a year-over-year decrease of 38%. Operating income (EBIT) reached $149 million, compared to $468 million in the second quarter of 2024, while Adjusted EBIT also stood at $149 million, compared to $488 million in the same period of 2024.
Revenues for the quarter totaled $1.64 billion, a year-over-year decrease of 15%, while carried volume was 895 thousand TEUs, down 6% compared to Q2 2024. The average freight rate per TEU fell 12% year-over-year to $1,479. As of June 30, 2025, the net leverage ratio was 0.8x, consistent with the ratio at December 31, 2024, and net debt totaled $3.03 billion, compared to $2.88 billion at the end of 2024.
“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 over the long term,” said Eli Glickman, President & CEO, ZIM.
“Our strength lies in the quality of our modern, competitive fleet and in our agile commercial strategy, which enables us to respond quickly to changes in demand across our global trade lanes. While we view our flexibility as critical in order to act dynamically, we also continue to seek attractive opportunities that will ensure our fleet remains cost effective moving forward. Overall, we are confident that our commitment to operational excellence, combined with the growing diversification in our geographic footprint, will drive even greater business resilience in the future,” said Mr. Glickman.
“Given our performance to date, we have increased the midpoints of our 2025 guidance ranges. We now expect full year Adjusted EBITDA between $1.8 billion and $2.2 billion and Adjusted EBIT between $550 million and $950 million. We intend to draw on our transformed fleet and improved cost structure to continue to create long-term value for our shareholders even in the face of challenging and unpredictable market dynamics,” added.
