ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM” or the “Company”) announced today its consolidated results for the three and six months ended June 30, 2026.
ZIM’s strong second-quarter results demonstrated the resilience of its business. ZIM’s strategic presence in the Transpacific trade enabled the Company to capitalize on favorable market conditions, which together with ZIM’s modern, fuel-efficient and cost-effective fleet and agile commercial strategy, drove improved year-over-year profitability.
- Net income for the second quarter was $64m (compared to $24m in the second quarter of 2025), or diluted earnings per share of $0.53 (compared to $0.19 in the second quarter of 2025).
- Adjusted net income for the second quarter was $77m (compared to $24m in the second quarter of 2025)
- Adjusted EBITDA for the second quarter was $491m, a year-over-year increase of 4%.
- Revenues for the second quarter were $1.78bn, a year-over-year increase of 9%.
- Carried volume in the second quarter was 922 thousand TEUs, a year-over-year increase of 3%.
- Average freight rate per TEU in the second quarter was $1,590, a year-over-year increase of 8%.
- Free cash flow of $386m generated during the quarter.
- Net leverage ratio of 1.6x as of June 30, 2026, compared to 1.7x net leverage ratio as of March 31, 2026 and 1.3x net leverage ratio as of December 31, 2025.
- Net debt, comprised predominantly of lease liabilities minus total cash position, of $2.77bn as of June 30, 2026, compared to $2.93bn as of March 31, 2026, and $2.92bn as of December 31, 2025.
- Net cash position (total cash position minus financial debt; i.e., excluding lease liabilities) of $2.46bn as of June 30, 2026.
Chen Lichtenstein, ZIM President & CEO, stated, “Since assuming my role in July, my focus has been clear: to capitalize fully on current market opportunities while deploying the Company’s resources with discipline and efficiency. We remain committed to preserving the agility that allows us to respond quickly to changing market conditions, strengthening our competitiveness, and creating sustainable value.”
Sami Jubran, Chief Financial Officer, added, “We delivered solid results in the second quarter and expect significantly stronger performance during the remainder of the year, as reflected in our guidance. This anticipated improvement would enable our Board of Directors to consider declaring a dividend to shareholders based on our third-quarter results.”
Summary of Key Financial and Operational Results
Q2-26 |
Q2-25 |
H1-26 |
H1-25 |
|
Carried volume (K-TEUs) |
922 |
895 |
1,788 |
1,839 |
Average freight rate ($/TEU) |
1,590 |
1,479 |
1,455 |
1,632 |
Total Revenues ($ in millions) |
1,781 |
1,636 |
3,177 |
3,642 |
Operating income (EBIT) ($ in millions) |
144 |
149 |
126 |
613 |
Profit (loss) before income tax ($ in millions) |
61 |
49 |
(38) |
430 |
Net income (loss) ($ in millions) |
64 |
24 |
(22) |
320 |
Adjusted EBITDA ($ in millions) |
491 |
472 |
804 |
1,251 |
Adjusted EBIT ($ in millions) |
169 |
149 |
164 |
612 |
Adjusted net income ($ in millions) |
77 |
24 |
4 |
318 |
Net income margin (%) |
4 |
1 |
(1) |
9 |
Adjusted EBITDA margin (%) |
28 |
29 |
25 |
34 |
Adjusted EBIT margin (%) |
10 |
9 |
5 |
17 |
Adjusted net income margin (%) |
4 |
1 |
0 |
9 |
Diluted earnings per share ($) |
0.53 |
0.19 |
(0.19) |
2.64 |
Net cash generated from operating activities |
|
|
|
|
Free cash flow ($ in millions) |
386 |
426 |
621 |
1,213 |
JUN-30-26 |
DEC-31-25 |
|||
Net debt ($ in millions) |
2,773 |
2,925 |
