ZIM Reports Financial Results for the First Quarter of 2026

Reported First Quarter Revenues of $1.40 Billion, Net Loss of $86 Million, Adjusted EBITDA 1 of $313 Million and Adjusted EBIT 1 Loss of $5 Million HAIFA, Israel , May 20, 2026 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM ) ("ZIM" or the "Company"), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2026. First Quarter 2026 Highlights Net loss for the first quarter was $86 million (compared to a net income of $296 million in the first quarter of 2025), or diluted loss per share of $0.71 2 (compared to diluted earnings per share of $2.45 in the first quarter of 2025). Adjusted EBITDA for the first quarter was $313 million, a year-over-year decrease of 60%. Operating loss (EBIT) for the first quarter was $18 million, compared to operating income of $464 million in the first quarter of 2025. Adjusted EBIT loss for the first quarter was $5 million, compared to Adjusted EBIT of $463 million in the first quarter of 2025. Revenues for the first quarter were $1.40 billion, a year-over-year decrease of 30%. Carried volume in the first quarter was 866 thousand TEUs, a year-over-year decrease of 8%. Average freight rate per TEU in the first quarter was $1,310, a year-over-year decrease of 26%. Net leverage ratio 1 of 1.7x as of March 31, 2026, compared to 1.3x as of December 31, 2025; net debt 1 of $2.93 billion as of March 31, 2026, compared to net debt of $2.92 billion as of December 31, 2025. Eli Glickman, ZIM President & CEO, stated , "Our first quarter results were broadly in line with our expectations, reflecting a softer freight rate environment, coupled with weaker demand. Importantly, as the proposed transaction with Hapag-Lloyd moves forward and we continue to navigate the ongoing hostilities affecting Israel and the Middle East, ZIM remains firmly focused on service reliabili