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Maersk Charts Strong Q3 Amid Operational Gains

[ November 25, 2025   //   Gary Burrows ]

A.P. Moller – Maersk A/S said 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. Based on this, Maersk refines the full-year 2025 financial guidance.

Revenue was US$ 14.2 billion, down 10.1 percent from US$15.8 billion in the third quarter 2024. EBITDA was US$2.7 billion, plummeting 43.8 percent from US$4.8 billion in the year-earlier period. EBIT fell 60.6 percent to US$1.3 billion from US$3.3 billion.

“We have delivered a strong third quarter across our business,” said Vincent Clerc CEO at Maersk. “Our performance reflects our ability to execute and continuously improve, as well as the trust customers place in us.”

Segment Performance

Ocean: Ocean’s performance with higher volumes and broadly stable loaded freight rates compared to the second quarter, Maersk said.

“The new East-West network has strengthened our Ocean performance, delivering industry-leading reliability, higher volumes and lower costs,” Clerc said.

The Gemini Cooperation with Hapag-Lloyd enabled significant cost savings and supported 7 percent loaded volumes growth year-on-year; freight rates were broadly stable quarter-on-quarter.

EBIT was US$567 million, up from US$229 million in the previous quarter. It was US$2.8 billion in the third quarter 2023.

Logistics & Services: The segment showed continued margin improvement, while profitability improved further to 5.5 percent (up from 4.8 percent in the previous quarter) driven by cost control and the performance in Fulfilled by Maersk, particularly in warehousing.

EBIT was US$218 million, up from US$175 million in the previous quarter. It was US$200 million in the third quarter 2024.

Terminals: Momentum continued with record-high volumes, revenue, EBITDA, and EBIT; volumes grew 8.7 percent driven by strong demand across Americas, Europe, and Africa; high utilization at 89 percent with some terminals nearing their full potential.

EBIT was US$571 million, up from US$461 million in the previous quarter. Was US$338 million in third quarter 2024.

“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” Clerc said.

Financial Guidance: Maersk said it has refined the full-year 2025 financial guidance by raising the lower end. The expected global container market volume growth has also been revised to be around 4 percent (previously between 2 percent and 4 percent). The Red Sea disruption is expected to last for the full year.

Tags: A.P. Moller - Maersk A/S