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A.P. Moller-Maersk turned in strong results in the second quarter of 2025 with revenue growth of 2.8% and EBIT reaching $845 million
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The results are in line with the previous year despite significant geopolitical uncertainty and continued rate pressure
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Performance was driven by continued strong results in terminals, volume growth in ocean, and increased profitability in logistics & services
A.P. Moller-Maersk turned in strong results for the second quarter of 2025 with revenue growth of 2.8% to $13.130 billion, and earnings before interest and taxes (EBIT) reaching $845 million.
The results are in line with the previous year despite significant geopolitical uncertainty and continued rate pressure, the company said in a statement.
Performance was driven by continued strong results in Terminals, volume growth in Ocean, and increased profitability in Logistics & Services. This was backed by continued operational improvements and ongoing cost discipline in all business segments.
Maersk CEO Vincent Clerc said: “We have had a strong first half of the year, driven by consistent follow through on our operational improvement plans and the successful launch of the Gemini Cooperation. Our new East-West network is raising the bar on reliability and setting new industry standards. It has been a key driver of increased volumes and solid delivery of our Ocean business.”
Clerc added that even with market volatility and historical uncertainty in global trade, “demand remained resilient, and we’ve continued to respond with speed and flexibility.”
As Maersk’s customers navigate the complex challenges, it remains committed to helping them build stronger and more adaptable supply chains— making sure they are ready to not just weather disruption, but to grow through it, according to the CEO.
Maersk’s Ocean sector delivered positive results in a quarter marked by significant volatility in demand and rates. Revenue advanced 2.41% year-on-year to $8.572 billion while volumes grew 4.2% compared to the same quarter last year, driven by exports out of Asia, with freight rates picking up in the quarter, while still being under pressure compared to the previous year.
The Gemini Cooperation was successfully phased in fully in June with reliability scores above the 90% target in its first few months of operation, the company said.
Logistics & Services delivered revenues of $3.668 billion, up 0.99%. EBIT increased by 39% to $175 million and EBIT margin was 4.8%, up from 3.5% in the same quarter last year. The margin growth was driven by strong cost discipline and increased productivity.
Terminals posted record-high volumes and revenue ($1.307 billion, up 20%). Volumes increased 9.9% and were supported by the successful phase-in of the Gemini cooperation adding more Maersk Ocean volumes to the Terminals business. EBIT increased by 31% to $461 million driven primarily by strong operational and joint venture performance. Return on invested capital increased to 15.4%, up from 12.2% in the same quarter last year.
Given the more resilient market demand outside of North America, Maersk raised its full-year 2025 financial guidance.
The expected global container market volume growth has been revised to between 2% and 4% (previously between -1% and 4%). At this time, disruption in the Red Sea is still expected to last for the full year.
Distribution of cash to shareholders in the second quarter was $864 million of which $514 million was from share buy-backs.
