Hapag-Lloyd has concluded the 2025 fiscal year with a Group profit of USD 1.0 billion (EUR 0.9 billion) and a Group EBITDA of USD 3.6 billion. While these solid results reached the upper end of the earnings forecast, they remained below the previous year’s levels due to lower freight rates and increased operational costs. Based on this performance, the Executive and Supervisory Boards will propose a dividend of EUR 3.00 per share at the Annual General Meeting.
The Liner Shipping segment saw transport volumes rise by 8% to 13.5 million TEU, supported by the implementation of the Gemini network, though average freight rates declined by 8% to 1,376 USD/TEU. Revenues in this segment reached USD 20.6 billion, while the Terminal & Infrastructure segment saw revenues increase to USD 514 million. Operational challenges, including Red Sea security tensions and start-up expenses for the Gemini network, impacted overall earnings despite significant investments in fleet efficiency and decarbonization.
Looking ahead to 2026, Hapag-Lloyd expects a Group EBITDA in the range of USD 1.1 to 3.1 billion, noting that the outlook is subject to considerable geopolitical uncertainty and volatile freight rates. The company plans to counter these headwinds by leveraging synergies from the Gemini network and accelerating cost-saving initiatives. Additionally, the Group intends to maintain its growth trajectory by expanding its terminal portfolio and finalizing its merger agreement with ZIM.