Published by Global Banking & Finance Review®
Posted on February 9, 2026
1 min readLast updated: February 9, 2026
Add as preferred source on GoogleHapag-Lloyd's 2025 EBIT reached $1.1 billion, the upper end of its forecast, with impacts from Gemini Network savings and freight rate changes.
FRANKFURT, Feb 9 (Reuters) - German container shipping group Hapag-Lloyd said on Monday that its full-year earnings before interest and taxes declined to $1.1 billion, reaching the upper end of its forecast, citing preliminary results.
That was below the $2.8 billion reported for 2024 and compares with a target range of $600 million and $1.1 billion.
In an unscheduled release, the group said that an 8% increase in transport volumes was countered by a decline in average freight rates of 8%.
Higher costs due to the rerouting of ships via the Cape of Good Hope and start-up expenses for a collaboration with rival Maersk known as the Gemini Network dragged on earnings.
However, Gemini-related cost savings started kicking in during the second half of 2025 and will be fully realised in 2026, it said, adding that one-time non-cash effects in the fourth quarter bolstered last year's profit.
Hapag-Lloyd is due to publish detailed results and an outlook for the current year on March 26.
(Reporting by Ludwig Burger, Editing by Miranda Murray)
EBIT stands for Earnings Before Interest and Taxes. It is a measure of a firm's profit that excludes interest and income tax expenses.
Transport volumes refer to the quantity of goods transported over a specific period. An increase indicates higher shipping activity.
Freight rates are the charges applied for the transportation of goods. They can fluctuate based on demand, supply, and market conditions.
One-time non-cash effects refer to accounting adjustments that impact profit but do not involve actual cash transactions, such as asset revaluations.
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