ZIM Integrated Shipping Services Ltd. reported its financial results for the first quarter of 2025, showing significant growth in key financial metrics. The company's total revenues reached $2.01 billion, up from $1.56 billion in the same period of 2024, driven mainly by an increase in freight rates and carried volume. Net income for the first quarter was $296 million, a substantial increase from $92 million in the first quarter of 2024. Diluted earnings per share also rose to $2.454 from $0.75 year-over-year. The company achieved a 12% year-over-year growth in carried volume, with 944 thousand TEUs in Q1 2025 compared to 846 thousand TEUs in Q1 2024. The average freight rate per TEU increased to $1,776, up from $1,452 in the prior year period. Operating income $(EBIT)$ for the first quarter of 2025 rose to $464 million, compared to $167 million in the first quarter of 2024. ZIM reaffirmed its full-year 2025 guidance, projecting an adjusted EBITDA between $1.6 billion and $2.2 billion and adjusted EBIT between $350 million and $950 million. The company declared a dividend of $0.74 per share, amounting to $89 million, representing approximately 30% of its quarterly net income. Despite a highly uncertain operating environment, ZIM emphasizes its strategic investment in a modern, cost-effective fleet and agile commercial strategy as key factors positioning it for long-term profitable growth.
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