ONE posts improved results for Q1 FY2026, raises full-year forecast

Ocean Network Express (ONE) has announced its financial results for the first quarter of FY2026, covering the period from 1 April to 30 June 2026.

For the first quarter, ONE generated revenue of US$4,539 million and recorded a net profit of US$31 million.  For Q1 2025, the results were revenue of US$4,042 million and a net loss of US$55 million.

The improved results mean ONE has raised its full-year profit forecast from US$300 million to $US 900 million

Till Ole Barrelet, CEO of Ocean Network Express, says, "The first quarter reflected a demanding market, with Middle East disruption raising fuel and operating costs across the industry. As demand recovered through the quarter, we improved yields and maintained high utilisation.

“We have raised our full-year forecast and remain focused on operational agility as conditions evolve. This reflects the dedication of our global team and the steady progress of our ONE2030 strategy.

“As market uncertainties persist, our priorities are protecting our people and assets, ensuring service reliability for our customers, and delivering sustainable long-term value for our stakeholders.”