A.P. Møller - Mærsk reported a stronger-than-expected second quarter as demand from Asia and gains across its network lifted revenues and margins, the company said in its Q2 2025 interim report.
Maersk posted second-quarter revenue of USD 13.130bn and underlying EBITDA of USD 2.298bn, according to the filing. The group said these results reflected improving activity in key trade lanes and higher yields in parts of its business.
Ocean volumes were up 4.2% year on year, Maersk said, driven principally by stronger Asian export flows. The company also reported that the Gemini Cooperation was fully phased in during June and delivered reliability above its 90% target in the opening months.
Logistics and terminals performance
Logistics & Services showed marked improvement, with underlying EBIT rising 39% to USD 175m and the margin increasing to 4.8% from 3.5%. Maersk attributed the uplift to higher volumes and operational efficiencies reported in the quarter.
Terminal operations also strengthened, with volumes growing 9.9% and underlying EBIT rising 31% to USD 461m. The company said the combination of volume growth and improved terminal productivity supported the gain in profitability.
Guidance and market outlook
Reflecting the quarter’s momentum, Maersk raised its 2025 underlying EBITDA guidance to USD 9.0-9.5bn from a prior range of USD 6.0-9.0bn and lifted its underlying EBIT guidance to USD 3.0-3.5bn from USD 0.0-3.0bn. The revised outlook was included in the interim report to investors.
Maersk also adjusted its expectation for global container-market growth in 2025 to 2-4% and reiterated that disruption in the Red Sea was still expected to continue throughout the year. The company said it continued to manage routing and capacity in response to the ongoing security-driven constraints.
The phased introduction of the Gemini Cooperation and the early attainment of its reliability target underlined management’s focus on service consistency. Maersk’s upgrades to guidance suggest confidence that the operational improvements seen in the second quarter will be sustained through the remainder of 2025.