ZIM Integrated Shipping Services .(US:ZIM) Prnewswireยท2025-08-20 11:00Core Viewpoint - ZIM Integrated Shipping Services Ltd. reported a significant decline in financial performance for Q2 2025 compared to Q2 2024, with a focus on leveraging its modern fleet and improved cost structure to navigate market volatility and position for sustainable growth [3][5][7]. Financial Performance - Total revenues for Q2 2025 were $1.64 billion, a decrease of 15% from $1.93 billion in Q2 2024 [4][7]. - Net income for Q2 2025 was $24 million, down from $373 million in Q2 2024, resulting in diluted earnings per share of $0.194 compared to $3.08 [5][9]. - Adjusted EBITDA for Q2 2025 was $472 million, a year-over-year decrease of 38% from $766 million in Q2 2024 [10][39]. - Operating income (EBIT) for Q2 2025 was $149 million, down from $468 million in Q2 2024 [8][10]. Operational Metrics - Carried volume in Q2 2025 was 895 thousand TEUs, a decrease of 6% from 952 thousand TEUs in Q2 2024 [4][8]. - The average freight rate per TEU in Q2 2025 was $1,479, down 12% from $1,674 in Q2 2024 [4][8]. Guidance and Future Outlook - The company increased its full-year 2025 guidance for Adjusted EBITDA to a range of $1.8 billion to $2.2 billion and Adjusted EBIT to a range of $550 million to $950 million [3][21]. - ZIM's management emphasized the importance of operational excellence and fleet flexibility to adapt to changing market conditions [3][21]. Cash Flow and Capital Allocation - Net cash generated from operating activities for Q2 2025 was $441 million, compared to $777 million in Q2 2024 [11][41]. - Free cash flow for Q2 2025 was $426 million, down from $712 million in Q2 2024 [41]. Dividend Declaration - The Board of Directors declared a cash dividend of approximately $7 million, or $0.06 per share, reflecting about 30% of Q2 2025 net income [18].