AUTOMOTIVE logistics specialist Wallenius Wilhelmsen has reported Q3 2025 results on par with the previous quarter, after adjustments for income from asset sales.
The Oslo-based PCTC/ro-ro operator posted an adjusted EBITDA of USD 471 million. Total revenue for Q3 was USD 1,331 million; net profit for the period totalled USD 280 million compared to USD 403 million in Q2, which included a gain of USD 135 million from the sale of the Melbourne International Ro-Ro & Automotive Terminal (MIRRAT) to Australia’s Qube.
Net profit in Q3 was positively impacted by a vessel sale gain of USD 16 million. Excluding the gain, the profit for the period total led USD 263 million. Net profit from the same period last year was USD 259 million.
“The activity level and financial performance remained robust in the third quarter,” said Lasse Kristoffersen, president and CEO of Wallenius Wilhelmsen. “We continued to secure new business across all segments,
positioning us well for future earnings.”
After the third quarter ended, the USTR revised its port fees for the ro-ro industry from USD 14 per net ton to USD 46 per net ton. The fee may be postponed by one year, but it is unclear at the time of writing, Wallenius noted.
Mr Kristoffersen highlighted that the company is working hard to mitigate the impact of the newly implemented port fees for both its customers and for Wallenius.
“Underlying demand for our services is expected to continue to be strong into the fourth quarter, but we expect our financial performance to be softer than in the third quarter due to the US port fee issue,” he said.
Other Q3 developments highlighted by Mr Kristoffersen: