Zim profit rises on Q2 revenue of $1.78 billion
Zim’s Q2 net income rose on higher rates and volume as it reaffirmed full-year guidance as its pending merger with Hapag-Lloyd progresses. The post Zim profit rises on Q2 revenue of $1.78 billion appeared first on FreightWaves .
Zim Integrated Shipping Services reported a rise in earnings for the second quarter, with net income reaching $64 million, up from $24 million a year earlier. Revenue grew 9% to $1.78 billion, driven by higher freight rates and increased volume. The company moved 922,000 container units in the quarter, a 3% increase from 895,000 units in the prior quarter.
Average freight revenue per unit climbed 8% to $1,590, up from $1,479. Diluted earnings per share rose to $.53, compared to $.19 in the previous quarter. Adjusted net income was $77 million, while adjusted EBITDA increased 4% to $491 million. Operating income fell to $144 million from $149 million. The company generated $386 million in free cash flow.
Zim's President and CEO, Chen Lichtenstein, attributed the revenue growth to higher freight rates and larger volumes, citing the company's trans-Pacific exposure, commercial approach, and cost structure. For the first half of 2026, Zim reported $3.18 billion in revenue, down from $3.64 billion in the same period last year.
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