NYSE$ZIM

ZIM Shipping Services Ltd · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

ZIM reported a profitable quarter despite a sharp year-over-year decline in revenue and earnings.

ZIM Integrated Shipping Services posted net income of $123 million for Q3 2025, with $1.78 billion in revenue. While performance declined compared to last year, the company showed resilience amid volatile freight markets.

  • Generated $123 million in net income despite declining freight rates.
  • Adjusted EBITDA reached $593 million, with a 33% margin.
  • Carried volume decreased slightly to 926,000 TEUs.
  • Declared a $0.31 per share dividend, totaling $37 million.

Headline financials

Total Revenue

$1.78B

No prior period
EPS (adj)

$1.02

No prior period
Adjusted EBITDA

$593M

No prior period
Adjusted EBITDA Margin

33.0%

No prior period
Adjusted EBIT

$260M

No prior period
Adjusted EBIT Margin

15.0%

No prior period
Net Income Margin

7.0%

No prior period
Carried Volume

926.0K

No prior period
Avg Freight Rate

$1.6K

No prior period
Net Leverage Ratio

0.9

No prior period
Net Debt

$2.64B

No prior period
Net Income

$123M

No prior period
Operating Income

$259M

No prior period
Gross Profit

$338M

No prior period

Revenue & EPS history

ZIM · Revenue · Quarterly

$1.78B

Q3 2025
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

ZIM raised the midpoint of its full-year 2025 guidance ranges, citing strong YTD performance despite expectations of a weaker Q4.

Tailwinds

  • Increased 2025 guidance midpoint for Adjusted EBITDA to $2.1 billion.
  • Agile fleet strategy supporting performance in volatile markets.
  • Enhanced geographic diversification capturing new opportunities.
  • Dividend payout maintained in line with policy (30% of net income).
  • Strong cash flow generation supports long-term investment.

Headwinds

  • Freight rates continued to decline significantly year-over-year.
  • Q4 market conditions expected to weaken further.
  • Carried volume slightly down from the previous year.
  • Ongoing geopolitical risks influencing trade routes and demand.
  • Profitability metrics down sharply compared to Q3 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 17 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-1.9%

Avg return

Earnings day

+2.2%

Avg return

5 days after

-4.8%

Avg return

30 days after

39%

7 / 18 earnings

Positive

+17.6%

Q4 2022

Best reaction

-20.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%
Q3 2025+0.1%+16.5%+14.9%
Q2 2025-1.5%-9.1%-7.6%
Q1 2025+5.8%-1.5%-3.3%
Q1 2024-0.8%+9.7%+5.1%
Q4 2023-20.3%-18.2%-13.4%
Q3 2023-6.8%-10.0%+23.6%
Q2 2023-7.8%-6.1%-18.2%
Q1 2023-18.6%-21.3%-29.5%
Q4 2022+17.6%+22.5%+1.4%
Q3 2022-3.0%-7.6%-33.4%
Q2 2022+1.1%+0.0%-42.0%
Q1 2022-2.0%+7.2%-22.5%
Q4 2021+8.6%+16.8%-18.3%
Q3 2021+8.7%+13.8%+1.7%
Q2 2021-1.1%+6.3%+30.5%
Q1 2021+4.9%+4.8%+1.5%
Q4 2020-18.3%+14.2%+27.5%
Q4 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013

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