Maersk parades “strong” Q3

A.P. MOLLER-Maersk has reported “sequential growth” across the business in Q3 2025 with strong financial results leading to a lift in full-year profit guidance.

EBITDA at USD 2.7 billion and EBIT of USD 1.3 billion is attributable to operational improvements and proactive cost measures, the company said. Nevertheless, those metrics and revenue of USD 14.2 billion were all substantially down on Q3 in 2024.

Maersk CEO Vincent Clerc said: “We have delivered a strong third quarter across our business. Our performance reflects our ability to execute and continuously improve, as well as the trust customers place in us.

“The new East-West network has strengthened our Ocean performance, delivering industry-leading reliability, higher volumes and lower costs.

“Terminals achieved another record quarter with strong volume growth, and Logistics & Services continued to enhance profitability.

“As market conditions fluctuate, we are well positioned to help our customers adapt and maintain stability across their supply chains.”

On a segment-by-segment basis:

Ocean

• The Gemini Cooperation enabled significant cost savings and supported 7% loaded volumes growth year-on-year; freight rates were broadly stable quarter-on-quarter
• EBIT: USD 567 million, up from USD 229 million in the previous quarter. Was USD 2.8 billion in Q3 24

Logistics & Services

• Profitability improved further to 5.5% (up from 4.8% in the previous quarter) driven by cost control and the performance in Fulfilled by Maersk, particularly in Warehousing
• EBIT: USD 218 million, up from USD 175 million in the previous quarter. Was USD 200 million in Q3 24

Terminals

• Momentum continued with record-high volumes, revenue, EBITDA, and EBIT; Volumes grew 8.7% driven by strong demand across Americas, Europe, and Africa; high utilisation at 89% with some terminals nearing their full potential
• EBIT: USD 571 million, up from USD 461 million in the previous quarter. Was USD 338 million in Q3 24

Maersk has refined its full-year 2025 financial guidance by raising the lower end, with EBITDA now expected to be USD 9.0-9.5 billion and EBIT to be USD 3.0-3.5 billion.

The company bases this in part of expected global container market volume growth of around 4% (previously between 2% and 4%). Maersk also expects the Red Sea disruption to last for the full year.