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Ocean Network Express Pte. Ltd. reported US$16.62 billion in revenues for its fiscal year 2025, covering the period April 2025 to March 2026, down 14% from $19.233 billion year-on-year
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Annual net profit of $338 million was a significant drop from $4.2 billion the previous year
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The company’s report cited subdued overall cargo demand, pressures from port congestion, and severe weather conditions
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ONE is looking at a profit of $300 million in the new fiscal year, though it stressed that making a forecast remains a challenge given the volatile geopolitical landscape, particularly in the Middle East
Ocean Network Express Pte. Ltd. (ONE) reported US$16.62 billion in revenues for its fiscal year 2025, covering the period April 2025 to March 2026, down 14% from $19.233 billion year-on-year.
The Singapore-based shipping liner made an annual net profit of $338 million, a significant drop from $4.2 billion the previous year.
“Despite heightened volatility in the fourth quarter of FY2025, our disciplined cost control and operational efficiency enabled us to deliver a profitable full-year result,” ONE CEO Jeremy Nixon said in a statement.
The company’s report cited subdued overall cargo demand, although the Asia-Europe route saw steady demand ahead of the Lunar New Year in February. It also said while continued delivery of newbuild vessels increased market supply, this was partially offset by pressures from port congestion and severe weather conditions.
The Middle East crisis that started in March has led to increased costs, but ONE said the impact on its fourth quarter results was still limited.
“We continue to navigate a complex and volatile global environment as we enter the new fiscal year, and the safety of our people as well as the security of our operations and customers’ cargo remain our top priorities,” Nixon said.
ONE is looking at a profit of $300 million in the new fiscal year, though it stressed that making a forecast remains a challenge given the volatile geopolitical landscape.
“The FY2026 forecast reflects the continued impact of the Middle East conflict, and assumes that operational conditions will stabilize to pre-conflict levels by summer,” the shipping firm said.
Nixon assured that with the new leadership structure and enhanced services in FY2026, “we will sustain a reliable network and leverage a lean and agile operating model to deliver better service to our customers.”
READ: ONE names new CEO, restructures management team
ONE operates a fleet of over 280 vessels with a capacity exceeding 2.2 million TEUs, serving over 120 countries.
