ZIM Q2 Revenue Growth: Net Profit More Than Doubles

While the sale of the shipping company ZIM has not yet been finalized and may face hurdles due to opposition from government ministries, new CEO Chen Lichtenstein presented investors with financial reports for the second quarter, a period still managed by his predecessor, Eli Glickman.

Following a weak first quarter, the company saw improvement in the second, recording revenues of $1.78 billion—an 8.9% increase compared to the same quarter last year and a 27.6% rise over the previous quarter. ZIM transported 922,000 containers in Q2, with the average shipping price reaching $1,590, up from $1,310 in the previous quarter.

Bottom line: ZIM recorded a net profit of $64 million for the second quarter, a significant improvement over the $24 million profit in the same quarter last year and a sharp turnaround from the $86 million net loss in the previous quarter. Adjusted EBITDA totaled $491 million, and the company generated $395 million from current operations during the quarter. At the end of the period, net debt stood at $2.77 billion.

For the first half of the year, revenues approached $3.2 billion, down 12.8% compared to the same period in 2025, with a net loss of $22 million recorded. EBITDA for the half-year totaled $804 million, a decrease of 35.7%.

Unlike the previous quarter, the company provided an annual forecast, expecting an adjusted EBITDA of $2–2.4 billion for 2026, alongside an adjusted EBIT of $700 million to $1.1 billion. For comparison, last year's adjusted EBITDA was $2.17 billion, and adjusted EBIT totaled $885 million. The company reports that the sale to Hapag-Lloyd is awaiting regulatory approval and that both parties remain committed to their contractual obligations.

"Since taking office in July, my focus is clear: to maximize existing opportunities in the current market while ensuring ZIM makes the best use of its resources and capabilities. At the same time, we are committed to maintaining the flexibility that allows us to respond quickly to changing market conditions, strengthen our competitiveness, and create lasting value," stated Lichtenstein.

CFO Sami Joubran added:

"We presented good results in the second quarter and expect significantly stronger results later in the year, as reflected in our 2026 forecast. The expected improvement may allow the board of directors to consider declaring a dividend for shareholders based on third-quarter results."

ZIM is traded on the New York Stock Exchange with a market cap of $3.4 billion.