PIL reports $1.04bn profit for FY2025 amid volatile market

Pacific International Lines (PIL) reported a net profit of $1.04 billion for the financial year 2025, delivering resilient performance despite softer freight rates and ongoing market volatility.

The group recorded revenue of $4.27 billion, slightly below 2024 levels. Strong volume growth helped offset the impact of declining rates. Total volumes increased 17% year-on-year to 2.58 million TEU.

Group EBITDA reached $1.50 billion, with the container shipping segment contributing $1.47 billion. The EBITDA margin stood at 35%, down from 39% in the previous year due to lower rates and higher handling costs.

The container shipping business remained the main driver of performance. Revenue in this segment rose to $3.81 billion. EBIT reached $1.04 billion, with margins moderating to 27% from 35% in 2024.

PIL said disciplined cost control, efficient fleet deployment and strong asset utilisation supported earnings during the year.

The company continued to expand and modernise its fleet. It operated 95 owned vessels and 11 chartered ships at year-end. In 2026, PIL ordered eight new 13,000 TEU vessels, bringing total LNG dual-fuel newbuild orders since 2022 to 28.

The group maintained a strong financial position. Cash and deposits increased to $2.74 billion, while gross gearing remained low at 0.15x. The company also reported a net cash position.

“Our 2025 results reflect resilient profitability driven by volume growth and capacity optimisation,” said Lars Kastrup, CEO of PIL. “We remain focused on building a sustainable and efficient organisation.”

He added that geopolitical tensions and supply chain disruptions will continue to shape the market, but PIL is well positioned to adapt through flexible network deployment and disciplined cost management.