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 (TEUs)

926.0K

No prior period
Avg Freight Rate per TEU

$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 8 of 16 quarters(50%)
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

+2.0%

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
Q2 2026———
Q1 2026-1.6%-1.3%-4.4%
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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