ZIM Integrated Shipping Services Ltd. reported its financial results for the second quarter of 2025, showing a decline in key metrics. Total revenues were $1.64 billion, a 15% decrease compared to $1.93 billion in Q2 2024. Net income dropped to $24 million from $373 million in the prior year's quarter.
Adjusted EBITDA for Q2 2025 was $472 million, down from $766 million in Q2 2024, with an Adjusted EBITDA margin of 29%. Carried volumes decreased by 6% year-over-year to 895 thousand TEUs, and the average freight rate per TEU also saw a decline. The company's total cash position decreased by $270 million to $2.87 billion as of June 30, 2025.
Despite the Q2 slowdown, ZIM revised its full-year 2025 guidance, raising the lower end of its ranges. The company now expects Adjusted EBITDA between $1.8 billion and $2.2 billion and Adjusted EBIT between $550 million and $950 million. A regular cash dividend of approximately $7 million, or $0.06 per ordinary share, was declared, payable on September 9, 2025. ZIM also noted a proposed U.S. port charge of up to $1.5 million for Chinese-made vessels, for which it is exploring mitigation plans.
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