CMA CGM’s second quarter has seen a decline in shipping results year-on-year, most notably in EBITDA, but the broader Group results were stable.
Releasing 1H/Q2 2025 results last night the Group said the first half of the year was heavily marked by geopolitical conflicts and trade tensions, particularly between the United States and its main trading partners.
“In this complex environment for global trade, the Group posted an overall stable performance in the second quarter, with a slowdown in maritime activity. Disruptions related to the situation in the Red Sea and the Gulf of Aden are ongoing and continue to pose significant operational challenges.
“In the second quarter of 2025, revenue amounted to USD 13.2 billion, in line with the second quarter of 2024. EBITDA reached 2.3 billion dollars, representing a limited decrease of 7.9% compared to the previous year. The margin stood at 17.3%, down 1.5 percentage points.”
CMA CGM shipped 6.0 million TEU in Q2, in line with the previous year, but in a context of a sharp but temporary decline in trade flows between China and the United States during the period, “highlighting the Group’s ability to redeploy its assets to capture demand wherever it arises.
“The breadth and diversification of CMA CGM’s maritime operations, marked by a strong presence across all major global trade lanes, enable the Group to adapt with agility to shifts in market conditions and customer demand,” it said.
The Group’s maritime activity generated revenue of USD 8.2 billion in the second quarter, down 1.5% compared to the same period in 2024. EBITDA stood at USD 1.6 billion, representing a 19.9% decrease compared to the second quarter of 2024. The margin came in at 19.4%, down 4.5 percentage points. The average revenue per TEU amounted to USD 1,367, a decrease of 1.2% compared to the same period in 2024.
Logistics revenue fell slightly while EBITDA and EBITDA margin fell slightly while Other Activities, including port terminals, air cargo and media showed substantial improvements, bolstered by the integration of Santos Brazil.
In its outlook CMA CGM remains “cautious” noting uncertainties linked to the macroeconomic environment and the implementation of new customs duties remain high and could increase market volatility.
“The CMA CGM Group will continue to adapt to and anticipate market dynamics in order to seize profitable growth opportunities while limiting the risks associated with this period of instability,” it said.
CMA CGM highlighted its decarbonisation strategy, reflected through human, financial, and operational commitments to achieve Net Zero Carbon across all activities by 2050.
These include:
By 2029, the CMA CGM Group’s dual-fuel fleet will include at least 162 vessels, including 24 methanol-powered, all designed to run on low-carbon fuels such as bio-methane, e-methane, and green methanol.