A.P. Moller - Maersk A/S Q3 2025 Earnings Recap

A.P. Møller - Maersk delivered strong third-quarter results, with EBITDA of $2.7 billion and EBIT of $1.3 billion, driven by strong volume growth and cost control across all segments despite a challenging external environment.

Key Takeaways

• Logistics & Services recovered with a year-on-year EBIT margin increase to 5.5%, supported by improved asset utilization and productivity.
• The Ocean segment achieved high reliability above 90%, with volumes rising 7% year-on-year, even amid softening freight rates.
• Terminal revenues and profitability hit record levels, bolstered by the successful implementation of the Gemini cooperation and high utilization rates at terminals.
• Full-year 2025 EBIT guidance has been narrowed to between $3 billion and $3.5 billion, reflecting sustained demand growth, particularly from China.