ZIM Integrated Shipping Services Ltd (NYSE:ZIM) shares are trading higher on Monday after the company reported fourth-quarter results.
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Details
Sales declined 32% year-over-year (Y/Y) to $1.48 billion, missing the consensus of $1.50 billion.
Revenue declined due to lower freight rates along with lower carried volume.
The cargo shipping company’s carried volume in the quarter was 898,000 TEUs, down 9% Y/Y. The average freight rate per TEU was $1,333 (-29% Y/Y).
Adjusted EBITDA declined 66% Y/Y to $327 million, with margins of 22% vs. 45% in the prior year quarter.
The Haifa, Israel-based company generated adjusted EPS loss of 82 cents, missing the consensus loss of 57 cents.
Cash Flow Position
Operating cash flow for the quarter was $375 million, compared to $1.15 billion a year ago.
Capital expenditures were $143 million during the quarter, up from $65 million a year ago.
As of Dec. 31, 2025, net debt stood …