Maersk reports strong Q3 2025 results, revises full-year guidance upwards

A.P. Moller - Maersk (Maersk) delivered strong financial results in the third quarter of 2025, driven by operational improvements and proactive cost measures. The company achieved sequential growth across all business segments, while not quite matching the extraordinary results of 2024.

Q3 revenue was $14.2bn (vs $15.8bn in Q3 24) while EBITDA was $2.7bn ($4.8bn) and EBIT $1.3bn ($3.3bn).

Ocean performance was described as excellent with higher volumes and broadly stable loaded freight rates compared to Q2, resulting in EBIT of $567m, up from $229m in the previous quarter (and $2.8bn in Q3 24). Terminals saw record volumes and profitability and there was continued margin improvement in Logistics & Services.

Based on this, Maersk refines the bottom end of its full-year 2025 financial guidance. EBITA is now in the range $9.0 - 9.5bn (vs. $8.0 -9.5 in August) while EBIT is $3.0 - 3.5bn (vs $2.0 - 3.5). The expected global container market volume growth has also been revised to be around 4% (previously between 2% and 4%).

“We have delivered a strong third quarter across our business,” said Vincent Clerc, Maersk CEO. “The new East-West network has strengthened our Ocean performance, delivering industry-leading reliability, higher volumes and lower costs. Terminals achieved another record quarter with strong volume growth, and Logistics & Services continued to enhance profitability.

“As market conditions fluctuate, we are well positioned to help our customers adapt and maintain stability across their supply chains.”