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ZIM

ZIM Integrated Shipping Services Ltd.

ZIM

ZIM Integrated Shipping Services Ltd. • NYSE
$20.41 ▲ 3.60% (+0.71)
Market Cap $2.46 B
52w High $23.61
52w Low $11.04
Dividend Yield 7.62%
P/E 2.46
Volume 4.31M
Outstanding Shares 120.46M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.777B ▲ $77.4M ▼ $123M ▲ 6.921% ▲ $1.02 ▲ $630.6M ▲
Q2-2025 $1.636B ▼ $78M ▲ $22.8M ▼ 1.394% ▼ $0.19 ▼ $504.5M ▼
Q1-2025 $2.007B ▼ $73.9M ▼ $295.3M ▼ 14.716% ▼ $2.45 ▼ $822.6M ▼
Q4-2024 $2.168B ▼ $82.8M ▲ $561.5M ▼ 25.904% ▼ $4.66 ▼ $1.036B ▼
Q3-2024 $2.765B $73M $1.125B 40.67% $9.34 $1.55B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.95B ▲ $10.874B ▼ $6.854B ▼ $4.016B ▲
Q2-2025 $1.773B ▼ $11.098B ▼ $7.196B ▼ $3.897B ▼
Q1-2025 $2.312B ▲ $11.492B ▲ $7.528B ▲ $3.958B ▼
Q4-2024 $2.115B ▼ $11.389B ▲ $7.347B ▲ $4.037B ▲
Q3-2024 $2.315B $11.018B $7.088B $3.926B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $123.4M ▲ $628.4M ▲ $-58.5M ▼ $-457.7M ▲ $111.9M ▲ $561.1M ▲
Q2-2025 $23.7M ▼ $441.3M ▼ $141.2M ▲ $-944.1M ▼ $-359M ▼ $416.9M ▼
Q1-2025 $296.1M ▼ $854.7M ▼ $-41.7M ▲ $-582.3M ▲ $231.4M ▲ $776.7M ▼
Q4-2024 $562.7M ▼ $1.152B ▼ $-317.1M ▼ $-1.065B ▼ $-234M ▼ $1.079B ▼
Q3-2024 $1.126B $1.498B $-146.2M $-696.9M $658.9M $1.447B

Five-Year Company Overview

Income Statement

Income Statement ZIM’s income statement shows how extreme the shipping cycle has been. Earnings surged during the pandemic freight boom, then swung to a deep loss when rates normalized, and have more recently bounced back to solid profitability again. Margins move from very high to negative within just a couple of years, which highlights how sensitive the business is to freight rates, charter costs, and fuel prices. The latest year looks much healthier than the prior downturn, but still below the exceptional peak years, suggesting conditions have improved but remain volatile rather than stable.

Balance Sheet

Balance Sheet The balance sheet has strengthened compared with the company’s pre‑IPO days, but it still carries meaningful financial risk. Equity built up strongly in the boom years, was damaged by the loss year, and has since partly recovered, so the cushion for absorbing future shocks is better than it used to be but not at its prior peak. Debt has grown over time and remains sizable relative to equity, which means ZIM remains financially leveraged and more exposed if the market turns down again. Cash on hand is decent for operations but not excessive, so ongoing discipline around debt, leases, and charter commitments remains important.

Cash Flow

Cash Flow Despite earnings volatility, ZIM’s cash flow profile is a relative bright spot. The company generated positive operating cash flow even in its loss year and has consistently produced positive free cash flow, helped by its asset‑light model and modest capital spending needs. This suggests the business can convert revenue into cash reasonably well and does not need heavy ongoing investment in owned vessels. However, cash generation still depends heavily on the freight rate environment, so a severe or prolonged downturn could quickly pressure this strength.

Competitive Edge

Competitive Edge ZIM is not one of the largest global carriers, but it has carved out a differentiated spot. Its asset‑light, charter‑heavy model gives it flexibility to scale capacity up or down faster than owners of large fleets, which can be an edge in a volatile market but also exposes it more to charter rate swings. The company focuses on specific trade lanes and specialized cargo where service quality and speed matter more than pure scale, including refrigerated and complex shipments and premium express services between Asia and North America. This niche, customer‑centric approach can support pricing power and loyalty but leaves ZIM exposed to intense competition from bigger carriers if they choose to target the same routes more aggressively.

Innovation and R&D

Innovation and R&D ZIM is unusually active on the digital and innovation front for a traditional shipping line. It has introduced real‑time cargo monitoring, customer self‑service platforms, and blockchain‑based documentation to simplify and de‑risk shipments, especially for sensitive goods like pharmaceuticals. Joint ventures and venture investments expand its capabilities in advanced scanning, container tracking, and data‑driven logistics, aiming to make its services more reliable and transparent. Its push into cleaner‑fuel vessels, particularly LNG‑powered ships, aligns with tightening environmental rules and rising customer focus on sustainability, but also requires careful execution and long‑term commitment.

Summary

ZIM’s recent history is a picture of a highly cyclical business: exceptional profits in the boom, a sharp loss when the cycle turned, and a solid rebound as conditions improved. Financially, it combines strong cash generation and a rebuilt equity base with meaningful leverage and ongoing exposure to freight‑rate swings. Strategically, the firm relies on agility, niche routes, specialized cargo, and a strong technology and sustainability story to stand out from larger, scale‑driven competitors. The core tension for ZIM is clear: its flexible, asset‑light model and digital strengths offer upside in good markets, but the same cyclicality and leverage create significant downside risk when conditions weaken, so future performance will heavily depend on how global trade and freight rates evolve.

NEWS

November 25, 2025 · 7:00 AM UTC

ZIM BOD Updates on Ongoing Strategic Review Process

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November 20, 2025 · 7:00 AM UTC

ZIM Reports Financial Results for the Third Quarter of 2025

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October 30, 2025 · 8:00 AM UTC

ZIM to Release Third Quarter 2025 Results on Thursday, November 20, 2025

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September 2, 2025 · 7:00 AM UTC

ZIM Updates on Withholding Tax Procedures on September 2025 Cash Dividend

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