Wallenius Wilhelmsen continued a steady course through Q3, reporting an adjusted EBITDA of USD 471m. “The activity level and financial performance remained robust in the third quarter,” says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.
Total revenue for Q3 was USD 1,331 and adjusted EBITDA was USD 471m, on par with Q2 2025.
“The activity level and financial performance remained robust in the third quarter, and we continued to secure new business across all segments, positioning us well for future earnings,” says Kristoffersen.
Challenging market conditions
After the third quarter ended, the USTR revised its port fees for the RoRo industry from USD 14 per net ton to USD 46 per net ton. The fee may be postponed by one year, but it is unclear at the time of writing.
Kristoffersen highlights that the company is working hard to mitigate the impact of the newly implemented port fees for both its customers and for Wallenius Wilhelmsen.
“Underlying demand for our services is expected to continue to be strong into the fourth quarter, but we expect our financial performance to be softer than in the third quarter due to the US port fee issue,” Kristoffersen says.
Q3 highlights:
- Delivered adjusted EBITDA of USD 471m, on par with the previous quarter
- Demand for ocean transportation remains firm from Asia
- Opened three new Vehicle Processing Centers (VPC) in Australia following a contract with an Asian OEM
- Reported a gain of USD 16m linked to a vessel sale and concluded the sale of one more vessel
- From October 14, a port fee of USD 46 per net ton applies to all foreign built RoRo vessels calling the US. The fee may be postponed by one year, but it is unclear at the time of writing
- Adjusted EBITDA in Q4 2025 is expected to be in line with Q3 2025 before taking into account any potential negative impact from US port fees
