ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) reported fourth-quarter results on Monday that surpassed analyst expectations, posting adjusted earnings per share of $0.32 compared with the consensus estimate of a $0.99 loss.
Revenue for the quarter totaled $1.48 billion, slightly above the analyst forecast of $1.45 billion. However, sales were down 32% from $2.17 billion recorded in the fourth quarter of 2024.
Despite the earnings beat, shares of the company slipped 0.04% in pre-market trading, indicating a limited reaction from investors.
The year-over-year decline in revenue was largely driven by a 29% drop in average freight rates, which fell to $1,333 per twenty-foot equivalent unit (TEU), along with a 9% decrease in transported volumes to 898,000 TEUs.
Net income for the quarter came in at $38 million, compared with $563 million in the same period a year earlier. The results included a $137 million non-cash impairment reversal.
For the full year 2025, ZIM reported revenue of $6.90 billion, representing an 18% decline from the prior year. Net income for the year totaled $481 million, down from $2.15 billion in 2024. Adjusted EBITDA reached $2.17 billion with a margin of 31%, while adjusted EBIT totaled $885 million with a margin of 13%.
“We achieved strong operational and financial results in 2025 with adjusted EBITDA and EBIT at the upper end of our guidance,” said CEO Eli Glickman.
The company also declared a fourth-quarter dividend of $0.88 per share, bringing total dividends for 2025 to $1.99 per share, equivalent to roughly 50% of the company’s full-year net income.
Separately, ZIM is preparing for a merger with Hapag-Lloyd, announced in February 2026, in a transaction valued at $35.00 per share in cash.