ZIM Integrated Shipping Services Ltd. (ZIM) Q2 2025 Earnings Call Transcript

Revenue $1.6 billion, down 15% year-over-year due to lower freight rates and lower volume.

Net Income $24 million, significantly lower compared to $373 million in the same quarter of last year, reflecting weaker market conditions.

Adjusted EBITDA $472 million, with a margin of 29%, compared to 40% in the second quarter of last year, due to lower freight rates and volumes.

Adjusted EBIT $149 million, with a margin of 9%, compared to 25% in the second quarter of last year, reflecting weaker market conditions.

Total Liquidity $2.9 billion as of June 30, 2025, after paying approximately $470 million in dividends in the second quarter.

Average Freight Rate per TEU $1,479, down from $1,674 per TEU in the second quarter of last year, due to market disruptions.

Carried Volumes 895,000 TEUs, a 6% decline year-over-year, mainly due to weak Transpacific demand and tariff-related disruptions.

Revenue from Non-Containerized Cargo $111 million, down from $128 million in the second quarter of 2024, reflecting market pressures.

Free Cash Flow $426 million, compared to $712 million in the second quarter of 2024, due to lower earnings.

Total Debt Decreased by $115 million since prior year-end, reflecting repayment of lease liabilities.

Latin America Volume Growth 10% year-over-year, driven by growing trade between Latin America, the U.S., and China.