A.P. Moller – Maersk (Maersk) has reported solid financial results for the third quarter of 2025, supported by operational efficiencies and strict cost control across all business segments.
The company recorded sequential growth throughout its portfolio and raised the lower end of its full-year financial guidance.
Revenue for the quarter totalled $14.2 billion, compared with $15.8 billion in the same period of 2024.
EBITDA was $2.7 billion ($4.8 billion in Q3 2024), while EBIT reached $1.3 billion ($3.3 billion). Cash distributions to shareholders amounted to $578 million through share buy-backs.
Maersk’s Ocean segment benefited from the Gemini Cooperation, which enabled significant cost savings and a 7 per cent year-on-year (YoY) increase in loaded volumes, with freight rates remaining broadly stable quarter-on-quarter.
EBIT for the segment rose to $567 million, up from $229 million in the previous quarter. In Logistics & Services, profitability improved to 5.5 per cent, driven by cost control and the strong performance of Fulfilled by Maersk, particularly in warehousing.
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EBIT increased to $218 million, compared with $175 million in Q2 and $200 million in the same period last year.
Terminals delivered record results, with volumes up 8.7 per cent YoY and utilisation reaching 89 per cent.
EBIT rose to $571 million, compared with $461 million in Q2 and $338 million in Q3 2024.
Vincent Clerc, CEO of Maersk, said: “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.”
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The company refined its full-year 2025 financial guidance, now expecting underlying EBITDA between $9.0 and 9.5 billion, underlying EBIT between $3.0 and 3.5 billion, and free cash flow of at least $1.0 billion.
Capital expenditure for 2024–2025 remains around $10 billion, with 2025–2026 expected at $10–11 billion.
Maersk also revised its estimate for global container market growth to around 4 per cent, up from the previous range of 2–4 per cent.
Despite ongoing disruptions in the Red Sea, Maersk remains focused on efficiency, network optimisation and maintaining stability across global supply chains.
