Israel’s ZIM reports Q2 revenue decline and reduced earnings

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Total revenues reached US$1.64 billion, down from US$1.93 billion in the same quarter of 2024, mainly due to lower freight rates and carried volumes. The company transported 895,000 TEUs in Q2 2025 compared to 952,000 TEUs a year earlier. The average freight rate per TEU was US$1,479, compared to US$1,674 in 2024.

© ZIM

Operating income (EBIT) fell to US$149 million, compared to US$468 million in Q2 2024. Net income declined to US$24 million, from US$373 million in the previous year. Adjusted EBITDA stood at US$472 million, down from US$766 million, while adjusted EBIT was US$149 million, compared to US$488 million in 2024. Adjusted EBITDA and EBIT margins were 29% and 9%, respectively, against 40% and 25% a year earlier. Net cash generated from operating activities was US$441 million, compared with US$777 million in 2024.

First half results
For the first six months of 2025, total revenues were US$3.64 billion, compared to US$3.49 billion in 2024. ZIM carried 1.839 million TEUs, up from 1.799 million. The average freight rate per TEU was US$1,632, compared to US$1,569 in 2024.

Operating income (EBIT) was US$613 million, slightly down from US$635 million a year earlier. Net income for the period reached US$320 million, compared with US$465 million in 2024. Adjusted EBITDA was US$1.25 billion, up from US$1.19 billion, while adjusted EBIT totaled US$612 million, compared with US$655 million. Net cash generated from operating activities was US$1.30 billion, up from US$1.10 billion in 2024.

Liquidity and debt
The company’s total cash position decreased by US$270 million to US$2.87 billion as of June 30, 2025, compared to US$3.14 billion at the end of 2024. Capital expenditures were US$24 million, down from US$66 million a year earlier. Net debt increased to US$3.03 billion from US$2.88 billion. ZIM’s net leverage ratio remained at 0.8x.

Dividend
ZIM’s board declared a cash dividend of about US$7 million, or US$0.06 per share, representing 30% of Q2 net income. The dividend will be paid on September 9, 2025, to shareholders of record as of September 2, 2025.

Eli Glickman, ZIM President & CEO, stated, “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 on controlling what we can to position ZIM for sustainable and profitable growth over the long term.”

© ZIMFor more information:
Elana Holzman
ZIM Integrated Shipping Services Ltd.
Tel: +972 4 865 2300
Email: [email protected]
www.investors.zim.com

Leon Berman
The IGB Group
Tel: 212 477 8438
Email: [email protected]

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