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Maersk recorded USD 845 million in EBIT for Q2 2025, with revenue up 2.8% year-over-year.
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Ocean volumes grew 4.2%, led by strong exports from Asia; Gemini Cooperation enhanced service reliability.
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The Terminals segment achieved record volumes and a 31% EBIT increase; Logistics & Services EBIT rose 39%.
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Full-year 2025 guidance was revised upward amid stable demand, despite ongoing Red Sea disruptions.
A.P. Moller – Maersk A/S posted a 2.8% year-over-year increase in revenue for the second quarter of 2025, with earnings before interest and taxes (EBIT) reaching USD 845 million. The performance remained stable compared to the same period last year, despite ongoing geopolitical uncertainty and continued pressure on freight rates, as reported by Port News.
Growth in the Ocean segment played a key role, with volumes rising by 4.2% from the previous year, mainly driven by strong export demand from Asia. While freight rates showed a slight increase during the quarter, they continued to remain under strain both sequentially and compared to last year. The Gemini Cooperation was fully implemented by June, helping improve service reliability to over 90%. In Logistics & Services, Maersk reported an EBIT of USD 175 million, reflecting a 39% rise year-over-year. The EBIT margin improved to 4.8% from 3.5%, driven by strong cost management and productivity gains.
The Terminals segment delivered record-high performance, with volumes up by 9.9%, supported by higher Ocean activity through the Gemini Co-operation. EBIT rose by 31% to USD 461 million, and return on invested capital (ROIC) reached 15.4%, up from 12.2% in the same quarter last year. Shareholder distributions during the quarter totaled USD 864 million, which included USD 514 million through share buy-backs.
Reflecting steady global demand outside North America, Maersk updated its full-year 2025 guidance. EBIT is now projected between USD 2.0 billion and USD 3.5 billion, revised from an earlier range of USD 0.0 to USD 3.0 billion. EBITDA is forecasted between USD 8.0 billion and USD 9.5 billion, up from the previous range of USD 6.0 billion to USD 9.0 billion. Free cash flow guidance has also been raised, now expected at USD-1.0 billion or higher. Capital expenditure projections remain unchanged at USD 10.0–11.0 billion for both 2024–2025 and 2025–2026. The company noted that the outlook remains sensitive to broader macroeconomic and geopolitical developments, including global container demand and rate fluctuations. Disruption in the Red Sea is expected to continue through the end of the year.
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Source: Maersk
