FMP
ZIM Surges 8% Following Q1 Earnings Beat
May 19, 2025 4:39 PM - Davit Kirakosyan
Image credit: FMP
ZIM Integrated Shipping Services (NYSE:ZIM) kicked off 2025 with better-than-expected first-quarter results, driven by a sharp increase in shipping volumes and improved freight rates. Shares rose more than 8% intra-day today following the report.
The company posted adjusted earnings of $2.45 per share, easily beating the $1.74 consensus. Revenue surged 28% year-over-year to $2.01 billion, ahead of the $1.82 billion estimate.
Operationally, ZIM carried 944,000 twenty-foot equivalent units (TEUs) in the quarter, marking a 12% increase from the prior year. The average freight rate per TEU rose 22% to $1,776, reflecting strong pricing power amid robust global trade flows.
Net income for the quarter totaled $296 million, as the company benefited from a modernized fleet and improved cost efficiencies.
ZIM reaffirmed its full-year 2025 outlook, projecting adjusted EBITDA between $1.6 billion and $2.2 billion, and adjusted EBIT in the range of $350 million to $950 million—signaling confidence in sustained profitability throughout the year.
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