Maersk reports strong Q3 2025 results: EBITDA at USD 2.7bn, EBIT at USD 1.3bn amid operational gains
- barboraarendasova
- 4 hours ago
- 2 min read
Copenhagen, Denmark – A.P. Moller - Maersk A/S (OMX: MAERSK-B) delivered strong financial results in the third quarter of 2025, driven by operational improvements and proactive cost measures. The company achieved sequential growth across all business segments. Based on this, Maersk refines the full-year 2025 financial guidance.
Executive Summary
Excellent Ocean performance with higher volumes and broadly stable loaded freight rates compared to Q2
Record volumes and profitability in Terminals
Continued margin improvement in Logistics & Services
Distribution of cash to shareholders during the quarter was USD 578m, entirely from share buy-backs
Maersk refines the full-year 2025 financial guidance by raising the lower end as per the table below.
The expected global container market volume growth has also been revised to be around 4% (previously between 2% and 4%
REVENUE: USD 14.2bn (USD 15.8bn in Q3 24), EBITDA: USD 2.7bn (USD 4.8bn), EBIT: USD 1.3bn (USD 3.3bn)
"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." Vincent Clerc, CEO at Maersk
Segment Performance
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 567m, up from USD 229m in the previous quarter. Was USD 2.8bn 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 218m, up from USD 175m in the previous quarter. Was USD 200m 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 571m, up from USD 461m in the previous quarter. Was USD 338m in Q3 24
Financial Guidance
Maersk refines the full-year 2025 financial guidance by raising the lower end as per the table below. The expected global container market volume growth has also been revised to be around 4% (previously between 2% and 4%). The Red Sea disruption is expected to last for the full year.
Image source: maersk.com
