A.P. M\u00f8ller \u2013 Maersk closed 2025 with mixed results across its three core divisions. While Terminals delivered record financial performance and Logistics & Services continued to improve margins, the Ocean segment faced significant headwinds from declining freight rates despite strong volume growth. Overall, Maersk reported full\u2011year EBITDA of US$9.5 billion and EBIT of US$3.5 billion, at the upper end of its guidance, underscoring resilience in a volatile global trade environment.<\/p>\n
Q4 2025 Performance
Group revenue in Q4 2025 stood at US$13.3 billion, down 8.7% year\u2011on\u2011year, reflecting weaker Ocean rates. EBITDA fell 49% to US$1.8 billion, while EBIT dropped sharply to US$118 million, compared to US$2.05 billion in Q4 2024. Net profit for the quarter was marginally negative at US$-27 million, highlighting the impact of rate declines and cost pressures.<\/p>\n
Full\u2011Year 2025 Results
For the full year, consolidated revenue reached US$54.0 billion, down 2.7% from 2024. EBITDA declined 21% to US$9.5 billion, while EBIT fell 46% to US$3.5 billion. Net profit stood at US$2.9 billion, compared to US$6.2 billion in 2024. Despite these declines, Maersk maintained strong cash returns to shareholders, distributing US$2.0 billion through dividends and buy\u2011backs, and proposed a dividend of US$76 per share for 2025.<\/p>\n
Logistics & Services division
Logistics & Services continued to strengthen its portfolio, with full\u2011year revenue rising modestly by 1.2% to US$15.1 billion. EBITDA grew 17% to US$1.7 billion, while EBIT surged 36% to US$729 million, reflecting margin improvements in warehousing, last\u2011mile delivery, and lead logistics. In Q4, revenue was US$4.0 billion, up 1.9% year\u2011on\u2011year, with EBIT at US$194 million, a 23% increase. The EBIT margin improved to 4.9%, marking the seventh consecutive quarter of year\u2011on\u2011year margin progression.<\/p>\n
Ocean division
The Ocean segment remained under pressure from falling freight rates. Full\u2011year revenue dropped 6.5% to US$35.0 billion, while EBITDA fell 31% to US$6.3 billion. EBIT plunged 71% to US$1.4 billion. In Q4 alone, Ocean revenue was US$8.3 billion, down 16% year\u2011on\u2011year, with EBIT turning negative at US$ -153 million. Average freight rates fell 23% year\u2011on\u2011year, though loaded volumes rose 8% to 3.38 million FFE. The Gemini Cooperation, fully implemented in 2025, delivered cost savings and improved schedule reliability above 90%, helping offset some of the rate pressure.<\/p>\n
Terminals division
Terminals emerged as the standout performer in 2025. Full\u2011year revenue grew 20% to US$5.3 billion, EBITDA rose 15% to US$1.8 billion, and EBIT jumped 31% to US$1.7 billion. Return on invested capital (ROIC) reached 16.1%, well above target. In Q4, Terminals revenue climbed 13% to US$1.35 billion, driven by 8.4% volume growth across Europe, North America, and Latin America. EBIT was US$321 million, slightly lower than the prior year due to cost inflation, but adjusted EBIT margins remained strong at over 30%.<\/p>\n
Strategic developments
2025 marked significant progress in Maersk\u2019s transformation. The Gemini Cooperation in Ocean delivered estimated annual savings of US$820\u20131,100 million, while Terminals achieved record utilisation at 88%. Logistics & Services reorganised its portfolio to simplify reporting and enhance customer value.<\/p>\n
Despite Ocean headwinds, Maersk closed 2025 with solid results in Logistics & Services and record performance in Terminals. With Gemini driving efficiency and a sharpened focus on cost control, the company enters 2026 aiming to balance growth with profitability across its integrated logistics platform. <\/p>\n","protected":false},"excerpt":{"rendered":"A.P. M\u00f8ller \u2013 Maersk closed 2025 with mixed results across its three core divisions. While Terminals delivered record…\n","protected":false},"author":2,"featured_media":74851,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[224],"tags":[40216,40217,245,40212,40214,40215,40213,40218,2639],"class_list":{"0":"post-74850","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-maersk","8":"tag-container-freight-rates","9":"tag-global-shipping-earnings","10":"tag-maersk","11":"tag-maersk-fy2025-results","12":"tag-maersk-logistics-services","13":"tag-maersk-ocean-division","14":"tag-maersk-terminals-performance","15":"tag-port-terminals-revenue","16":"tag-supply-chain-logistics"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/116519849623818288","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/74850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=74850"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/74850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/74851"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=74850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=74850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=74850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}