20-F - ZIM Integrated Shipping Services Ltd. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

ZIM Integrated Shipping Services Ltd. reported FY 2025 revenue of $6.90B, down 18.1% from $8.43B in FY 2024, driven by lower average freight rates per TEU ($1,551 vs. $1,888, -17.8%) despite stable TEUs carried (3.66M vs. 3.75M, -2.3%). Gross profit fell 52.6% to $1.32B from $2.78B, reflecting higher operating costs and depreciation. Net income was $481.5M ($4 basic/diluted EPS), a sharp decline from $2.15B ($17.84/$17.82 EPS) in 2024, with Adjusted EBITDA at $2.17B (down from $3.69B). Pacific trade contributed 43% of TEUs but saw 25.5% revenue drop. Balance sheet shows total assets $11.01B, equity $4.03B, and lease liabilities $5.65B. Operating cash flow $2.30B supported $515.6M dividends. Pending Hapag-Lloyd merger at $35/share adds strategic uncertainty amid Red Sea disruptions and geopolitical risks.

Key Takeaways

1FY2025 revenue $6.90B, down 18.1% YoY from $8.43B

2Net income $481.5M ($4 EPS), down from $2.15B ($17.84 EPS)

3Gross profit $1.32B (19.1% margin), down 52.6% YoY

4Operating cash flow $2.30B, dividends paid $515.6M

5Total assets $11.01B, lease liabilities $5.65B

Key Financial Metrics

EPS

$17.84 prior year

Revenue

$6.90B

-18.1%

Net Income

$481.5M

-77.6%

Gross Margin

19.1%

33.0% prior year

Gross Profit

$1.32B

-52.6%

free cash flow

$2.17B

Operating Income

$1.02B

-59.8%

operating margin

14.7%

Business Segments

Pacific43% of TEUs carried

$2.92B-25.5% YoY

Cross-Suez8% of TEUs carried

$564M-34.8% YoY

Atlantic-Europe14% of TEUs carried

$665M-3.3% YoY

Intra-Asia21% of TEUs carried

$747M-2.1% YoY

Latin America14% of TEUs carried

$784M-7.3% YoY