ONE post Q2 FY2025 results, cuts full-year profit forecast by over 50%

Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).

The revenue for FY2025 2nd quarter was US$ 4,455 million, with net profit of US$ 285 million.

Jeremy Nixon, CEO of Ocean Network Express, says, "Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market. Despite the market fluctuations driven by geopolitical uncertainties, we delivered positive results and secured profitability for the first half of the fiscal year.

“We maintain a cautious outlook for the full year given current market dynamics. We will continue to take steps to adapt our network and optimise our fleet, ensuring we meet market demands and provide customers with long-term reliability.”

For its full-year forecast for FY2025, ONE anticipates that the ongoing delivery of new vessels will persist throughout the fiscal year, affecting overall market conditions, despite the expectation that routing round the Cape of Good Hope rather than via the Red Sea continues.

The overall market environment may not prove as robust as initially projected, says ONE, which as a result has reduced its full-year profit forecast from US$ 700m to US$ 310m.