ZIM reports US$64M net income in Q2 as revenue rises amid higher freight rates
Adjusted EBITDA and adjusted EBIT margins were 28% and 10%, respectively.
GLOBAL – ZIM Integrated Shipping Services Ltd. has reported consolidated results for the second quarter of 2026, with net income rising to US$64 million, up from US$24 million in the same period of 2025, driven primarily by higher freight rates and increased volumes of transported goods.
Revenue increased to US$1.78 billion from US$1.64 billion, mainly due to higher freight rates and carried volume. ZIM carried 922,000 TEUs, compared with 895,000 TEUs a year earlier.
The average freight rate per TEU increased to US$1,590 from US$1,479. Adjusted net income was US$77 million, compared with US$24 million.
Meanwhile, adjusted EBITDA reached US$491 million, up from US$472 million, while adjusted EBIT was US$169 million, compared with US$149 million. Operating income (EBIT) was US$144 million, compared with US$149 million in the second quarter of 2025. Adjusted EBITDA and adjusted EBIT margins were 28% and 10%, respectively.
Cash Flow and Debt Reduction
ZIM generated US$395 million in net cash from operating activities in the second quarter, compared with US$441 million in the same period of 2025. Free cash flow was US$386 million.
As at June 30, 2026, ZIM’s net leverage ratio was 1.6x, down from 1.7x on March 31, 2026, and 1.3x on December 31, 2025. Net debt stood at US$2.77 billion, down from US$2.93 billion on March 31 and US$2.92 billion on December 31. The company’s net cash position, excluding lease liabilities, was US$2.46 billion.
Leadership Outlook and Strategic Focus
The company’s leadership attributed these positive results to strategic resource allocation and the ability to adapt quickly to shifting market conditions.
Chen Lichtenstein, ZIM President & CEO, stated: “Since assuming my role in July, my focus has been clear: to capitalize fully on current market opportunities while deploying the Company’s resources with discipline and efficiency. We remain committed to preserving the agility that allows us to respond quickly to changing market conditions, strengthening our competitiveness, and creating sustainable value.”
Sami Jubran, Chief Financial Officer, added: “We delivered solid results in the second quarter and expect significantly stronger performance during the remainder of the year, as reflected in our guidance. This anticipated improvement would enable our Board of Directors to consider declaring a dividend to shareholders based on our third-quarter results.“
Finally, this summary highlights a period of profitability and fiscal discipline for the global shipping enterprise.
