- ONE reported a 336% surge in net profit, reaching over USD 4.2 billion for FY2024.
- Revenue rose by 32% to USD 19.2 billion, with EBITDA climbing 192% to USD 5.9 billion.
- Container volumes increased by 6%, indicating strong global demand and operational efficiency.
Ocean Network Express (ONE) delivered a record-breaking financial performance for the fiscal year ending March 31, 2025. Headquartered in Singapore, the company recorded an exceptional 336% increase in net profit, surpassing USD 4.2 billion. At the same time, EBIT (Earnings Before Interest and Taxes) experienced a remarkable 871% growth, reaching USD 3.8 billion, according to Container News.
Strong Revenue and Operational Growth
ONE’s annual revenue rose significantly by 32% to hit USD 19.2 billion, showcasing strong market demand and improved pricing strategies. Operational performance also strengthened, with EBITDA rising 192% year-on-year to USD 5.9 billion, underlining the company’s focus on efficiency and cost control.
Improvement in Container Volumes
The company reported an increase in container volumes by 6%, moving 12.75 million TEUs during the year. This reflects robust demand and increased efficiency across ONE’s global network, enabling the company to manage higher volumes with improved service quality.
Outlook for FY2025 Amid Uncertainty
Looking ahead, ONE remains cautious due to prevailing geopolitical risks and economic uncertainty caused by tariff changes. The company presented two forecast scenarios for FY2025: a more optimistic case projecting up to USD 1.1 billion in profit, and a conservative case estimating profit as low as USD 250 million.
CEO’s Vision and Strategic Direction
Jeremy Nixon, CEO of ONE, emphasized the significance of the FY2024 achievements despite challenging global conditions. He highlighted the role of the newly formed Premier Alliance and other service partnerships in strengthening the company’s global operations. Nixon reaffirmed ONE’s commitment to providing reliable, end-to-end container solutions to meet evolving customer needs.
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Source: Container News
