Maersk delivers strong results; refines full-year guidance

Maersk A/S delivered strong financial results in the third quarter of 2025, driven by operational improvements and proactive cost measures. The company achieved sequential growth across all business segments. Based on this, Maersk has refined its full-year 2025 financial guidance, highlighted a communique.

Summary

*Excellent Ocean performance with higher volumes and broadly stable loaded freight rates 

compared to Q2

* Record volumes and profitability in Terminals

* Continued margin improvement in Logistics & Services

* Distribution of cash to shareholders during the quarter was USD 578 m, entirely from share buy-backs

* Maersk refined the full-year 2025 financial guidance by raising the lower end 

* The expected global container market volume growth has also been revised to be around 4% (previously between 2% and 4%)

* Revenue: USD 14.2 bn (USD 15.8 bn in Q3 24), EBITDA: USD 2.7 bn (USD 4.8 bn), EBIT: USD 1.3 bn (USD 3.3 bn)

“We have delivered a strong third quarter across our business. Our performance reflects our ability to execute and continuously improve, as well as the trust customers place in us. The new East-West network has strengthened our Ocean performance, delivering industry-leading reliability, higher volumes and lower costs. Terminals achieved another record quarter with strong volume growth, and Logistics & Services continued to enhance profitability. As market conditions fluctuate, we are well positioned to help our customers adapt and maintain stability across their supply chains,” said Vincent Clerc, CEO at Maersk

Segment Performance Ocean

* The Gemini Cooperation enabled significant cost savings and supported 7% loaded volumes growth year-on-year; freight rates were broadly stable quarter-on-quarter

* EBIT: USD 567 m, up from USD 229 m in the previous quarter. Was USD 2.8 bn in Q3 24

Logistics & Services

* Profitability improved further to 5.5% (up from 4.8% in the previous quarter) driven by cost control and the performance in Fulfilled by Maersk, particularly in Warehousing

* EBIT: USD 218 m, up from USD 175 m in the previous quarter. Was USD 200 m in Q3 24

Terminals

* Momentum continued with record-high volumes, revenue, EBITDA and EBIT; Volumes grew 8.7% driven by strong demand across Americas, Europe and Africa; high utilisation at 89% with some terminals nearing their full potential

* EBIT: USD 571 m, up from USD 461 m in the previous quarter. Was USD 338 m in Q3 24

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