OSLO 12.08.2025 – Wallenius Wilhelmsen maneuvered steadily through the second quarter with an EBITDA of USD 472m. “We see the strong demand, in particular in shipping, continuing into Q3 and maintain our financial outlook for the year, expecting 2025 adjusted EBITDA to be in line with 2024,” says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen.
Total revenue for Q2 was USD 1,350m, an increase of four percent quarter over quarter due to strong volumes for the shipping segment. The EBITDA for Q2 of USD 472m is an increase of two percent quarter over quarter, mainly driven by the shipping segment.
Net profit for the period totaled USD 403m with USD 135m explained by a capital gain following the sale of the MIRRAT terminal. Without the sales gain, net profit for the period would have been USD 268m, up eight percent QoQ.
“We are pleased to continue the solid performance in Q2, delivering a very strong result, adding substantial contracts to our backlog and continuing the positive trend on safety and emissions,” says Kristoffersen.
While the market remains uncertain with geopolitical tensions and trade flows, the book of business at Wallenius Wilhelmsen was strengthened during the quarter, reflecting strong market demand for shipping.
Dividend payout
As previously announced, Wallenius Wilhelmsen intends to pay dividends at the top-end of its pay-as-you-go policy.
For 1H 2025, Wallenius Wilhelmsen will pay a dividend of USD 1.10 per share, equivalent to 50% of underlying net profit and the proceeds from the MIRRAT sale.
“The dividend payment is a testament to the strong operational performance and the solid proceeds from the MIRRAT sale,” Kristoffersen says.
Aligning financial targets with strategy
During Q2, Wallenius Wilhelmsen revised its long-term financial targets to ensure better alignment with the company's strategy, financial position and evolving market conditions.
One of the new targets details that return on capital employed (ROCE) over the cycle has been increased from 8 percent to 12 percent.
Q2 highlights:
- Delivered an EBITDA of USD 472m, up 2% QoQ despite significant market volatility
- Experienced firm demand for ocean transport, in particular out of Asia
- Resolved to pay a dividend of USD 1.10 per share, based on 50% of H1 2025 underlying EPS combined with the full proceeds of USD 210m from the MIRRAT sale
- Announced trade agreements for U.S. auto imports indicate tariffs of ~15% for key markets
- Expect EBITDA for 2025 to be in line with 2024, despite continued market uncertainty
- Financial targets updated with ROCE (over the cycle) target increased from 8% to 12%
For further information, please contact:
Anders Redigh Karlsen – VP Global IR & Market Insight
Tel: +47 994 20 293
Email: anders.karlsen@walwil.com
Idha Toft Valeur –
External Communication Specialist
Tel: +47 406 05 210
Email: idha.valeur@walwil.com
About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment, and breakbulk to customers all over the world. The company operates around 128 vessels servicing 15 trade routes to six continents, a global inland distribution network, 66 processing centers, and eight marine terminals. With its head office in Oslo, Norway, the Wallenius Wilhelmsen group has around 12,000 employees in 28 countries worldwide. Read more at www.walleniuswilhelmsen.com