CMA CGM Group has reported revenue of $13.2 billion for the first quarter of 2026, broadly stable compared with the same period in 2025, as geopolitical tensions and trade uncertainty continued to affect shipping and logistics markets.
EBITDA reached $2.1 billion, down 31.6 per cent year-on-year, with an EBITDA margin of 16.0 per cent.
CMA CGM said the decline was mainly linked to its maritime business, reflecting a high comparison base in the first quarter of 2025 and a less favourable market environment in 2026.
Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “In an uncertain geopolitical context, the Group delivered resilient performance in the first quarter of 2026, supported by the strength of our shipping activities and the diversification of our business model.
“While tensions in the Middle East and disruptions across global supply chains continued to weigh on the industry, we adjusted our network, implemented alternative logistics corridors and maintained reliable service for our customers.
“Looking ahead, our priority remains clear: protecting our people, managing risks with discipline and preserving the Group’s agility as we continue to grow and develop.”
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In maritime activity, CMA CGM transported 5.9 million TEUs during the quarter, up 1.5 per cent compared with the first quarter of 2025.
Maritime revenue fell 8.5 per cent to $8.0 billion, mainly due to a 9.8 per cent drop in average revenue per TEU to $1,351.
Maritime EBITDA stood at $1.5 billion, compared with $2.5 billion in the same period last year. The EBITDA margin fell by 10.3 percentage points to 18.6 per cent.
During the quarter, the Group launched its “DAY 10” product within the OCEAN Alliance, covering 41 services on main East-West trades with a total capacity of 5.3 million TEUs. It also introduced new and strengthened services, including the Ocean Rise Express between Japan, South China and Northern Europe, and the Eagle Express 1 service between Japan and the US West Coast.
CMA CGM said it implemented alternative multimodal corridors in response to disruption in the Strait of Hormuz to support supply chain continuity to and from Gulf countries.
The Group also brought the CMA CGM MONTE CRISTO into service, its 400th owned vessel and the first in a new series of methanol-powered containerships.
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In logistics, CEVA recorded revenue of $4.6 billion, up 6.6 per cent year-on-year. EBITDA fell 17.2 per cent to $330 million, with a margin of 7.2 per cent.
Revenue from other activities rose 59.1 per cent to $1.3 billion, supported by terminal activities. EBITDA for the segment increased 90.0 per cent to $294 million.
For more information:
CMA CGM – https://www.cma-cgm.com/
