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Copenhagen, Denmark - 7 August 2025
A.P. Moller - Maersk A/S (Maersk) achieved strong results in the second quarter with revenue growth of 2.8% and EBIT reaching USD 845m. While down sequentially, Maersk results were in line with the previous year despite significant geopolitical uncertainty and continued rate pressure.
The performance was driven by continued strong results in Terminals, volume growth in Ocean and increased profitability in Logistics & Services and further supported by continued operational improvements and ongoing cost discipline in all business segments. Given the more resilient market demand outside of North America, Maersk raises its full-year 2025 financial guidance as per the table below.
Vincent Clerc, CEO of Maersk: "We have had a strong first half of the year, driven by consistent follow through on our operational improvement plans and the successful launch of the Gemini Cooperation. Our new East-West network is raising the bar on reliability and setting new industry standards. It has been a key driver of increased volumes and solid delivery of our Ocean business. Even with market volatility and historical uncertainty in global trade, demand remained resilient, and we've continued to respond with speed and flexibility. As our customers navigate these complex challenges, we remain committed to helping them build stronger and more adaptable supply chains - making sure they are ready to not just weather disruption, but to grow through it."
Ocean delivered good results in a quarter marked by significant volatility in demand and rates. Volumes grew 4.2% compared to the same quarter last year, mainly driven by exports out of Asia, with freight rates picking up in the quarter, while still being under pressure both sequentially and compared to previous year. The Gemini Cooperation was successfully phased in fully in June with reliability scores above the 90% target in its first few months of operation.
Image by A.P. Moller - Maersk Group.
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It was another strong quarter in Terminals with record-high volumes and revenue. Volumes increased 9.9% and were supported by the successful phase-in of the Gemini cooperation adding more Maersk Ocean volumes to the Terminals business. EBIT increased by 31% to USD 461m driven primarily by strong operational and joint venture performance. ROIC increased to 15.4%, up from 12.2% in the same quarter last year.
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About Maersk:
A.P. Moller - Maersk is an integrated logistics company working to connect and simplify its customers' supply chains.
As a global leader in logistics services, the company operates in more than 130 countries and employs 100,000 people world-wide. Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and alternative fuels.
A.P. Moller - Maersk Group, press release
