Q1 25 EPS
$2.45
BEAT +24.85%
Est. $1.96
Q1 25 Revenue
$2.01B
BEAT +9.06%
Est. $1.84B
vs S&P Since Q1 25
+14.0%
BEATING MARKET
ZIM +38.6% vs S&P +24.6%
Market Reaction
Did ZIM Beat Earnings? Q1 2025 Results
ZIM Integrated Shipping Services delivered a standout first quarter of 2025, posting earnings per share of $2.45 against a consensus estimate of $1.96, a beat of 24.85%, while revenue of $2.01 billion topped expectations by 9.06% and climbed 28.5% fr… Read more ZIM Integrated Shipping Services delivered a standout first quarter of 2025, posting earnings per share of $2.45 against a consensus estimate of $1.96, a beat of 24.85%, while revenue of $2.01 billion topped expectations by 9.06% and climbed 28.5% from a year earlier. The results were powered by a compelling combination of volume growth and pricing strength, with ZIM carrying 944 thousand TEUs, up 12% year over year, as average freight rates per TEU rose 22% to $1,776, a dynamic shaped in part by ongoing Red Sea disruptions that continued to redirect global cargo flows. Net income more than tripled to $296 million, and adjusted EBITDA surged to $779 million, expanding the margin from 27% to 39%. The company's liquidity also strengthened, with total cash reaching $3.37 billion and free cash flow hitting $787 million. ZIM reaffirmed full-year 2025 guidance for adjusted EBITDA of $1.6 billion to $2.2 billion, even as management flagged meaningful uncertainty around escalating US-China trade tensions and potential new port fees on Chinese-built vessels taking effect in mid-October.
Key Takeaways
- • 22% increase in average freight rate per TEU to $1,776
- • 12% year-over-year carried volume growth to 944 thousand TEUs
- • Transformed fleet with enhanced cost structure and larger, more modern vessels
- • Ongoing Red Sea disruptions extending voyage durations and increasing demand for vessel capacity
- • Adjusted EBITDA margin expansion from 27% to 39%
ZIM YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
ZIM Revenue by Segment
With YoY comparisons, source: SEC Filings
“ZIM began the year with positive momentum, delivering 12% carried volume growth and strong earnings in the first quarter. Drawing on our transformed fleet and enhanced cost structure, we generated Q1 revenues of $2.01 billion and net income of $296 million. Building on our proven track record of returning capital to shareholders, we declared a dividend of $0.74 per share, or $89 million, representing approximately 30% of our quarterly net income.”
— Eli Glickman, Q1 2025 Earnings Press Release
ZIM Earnings Trends
ZIM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZIM EPS Trend
Earnings per share: estimate vs actual
ZIM Revenue Trend
Quarterly revenue: estimate vs actual
ZIM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-1.37 | $-0.71 | +48.28% | $1.40B | -4.02% |
| Q4 25 BEAT FY | $-1.00 | $0.32 | +132.00% | $1.49B | -3.39% |
| FY Full Year | $2.74 | $3.98 | +45.26% | $6.90B | -0.30% |
| Q3 25 MISS FY | $1.06 | $1.02 | -3.60% | $1.78B | +2.34% |
| FY Full Year | $2.74 | — | — | — | — |
| Q2 25 MISS | $1.30 | $0.19 | -85.38% | $1.64B | -5.93% |
| Q1 25 BEAT | $1.96 | $2.45 | +24.85% | $2.01B | +9.06% |
| Q4 24 BEAT FY | $3.49 | $4.66 | +33.45% | $2.17B | +7.28% |
| FY Full Year | $16.74 | $17.82 | +6.42% | $8.43B | +2.72% |