ZIM Integrated Shipping Services Ltd. reported strong financial results for the first quarter of 2025, with total revenues reaching $2.01 billion, a 28% increase compared to $1.56 billion in Q1 2024. Net income for the quarter surged to $296 million, up 222% from $92 million in the same period last year.
Adjusted EBITDA for Q1 2025 was $779 million, an 82% year-over-year increase, with an Adjusted EBITDA margin of 39%. Carried volumes grew by 12% to 944 thousand TEUs, and the average freight rate per TEU increased by 22% to $1,776. The company's net debt decreased by $382 million to $2.49 billion, improving its net leverage ratio to 0.6x.
ZIM reaffirmed its full-year 2025 guidance, expecting Adjusted EBITDA between $1.6 billion and $2.2 billion and Adjusted EBIT between $350 million and $950 million. The company also declared a regular cash dividend of approximately $89 million, or $0.74 per ordinary share, payable on June 9, 2025. A temporary 90-day tariff suspension was noted as fueling a short-term shipping rush, impacting the current operating environment.
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