From Yahoo Finance: 2025-05-20 09:26:00

Zim Integrated Shipping Services Ltd. reported a first-quarter net income of $296 million, a significant increase from $92 million the previous year, with total revenues of $2.01 billion, up 28% from $1.56 billion. The company attributed the growth to higher freight rates and increased container volume.

The company’s diluted earnings per share for the quarter ended March 31 were $2.45, a substantial rise from 75 cents in the first quarter of 2024. Zim’s president and CEO, Eli Glickman, highlighted the uncertain operating environment and the company’s focus on adapting to market shifts quickly.

Zim carried 944,000 twenty-foot equivalent units in the first quarter, a 12% increase from the previous year, with an average freight rate per TEU of $1,776, up 22% from $1,452. The company continues to invest in modern ships, with 40% of its fleet now powered by liquefied natural gas.

Adjusted earnings before interest, taxes, depreciation, and amortization for Zim was $779 million, an 82% increase from the previous year, while operating income rose to $464 million from $167 million. The company’s profit margins also expanded significantly, with net income margin rising to 15% from 6%.

Zim declared a dividend of 74 cents per share and maintained guidance for Adjusted EBITDA between $1.6 billion and $2.2 billion, as well as adjusted EBIT between $350 million and $950 million. Despite market uncertainties, the company remains optimistic about its performance in the coming months.



Read more at Yahoo Finance: Zim profit up on higher container volume, rates