Pacific International Lines (PIL) has posted net profit after tax of $1.04 billion for FY2025, driven by volume growth, high fleet utilisation and cost discipline, despite softer freight rates.
Group EBITDA reached $1.50 billion, with the container shipping business contributing $1.47 billion.
Revenue totalled $4.27 billion, slightly down less than 1 per cent year-on-year, as weaker pricing conditions were offset by a 17 per cent increase in volumes to 2.58 million TEUs.
Container shipping revenue rose to $3.81 billion, although EBITDA declined to $1.47 billion from $1.65 billion in 2024.
EBIT eased to $1.04 billion, with margins narrowing to 27 per cent from 35 per cent due to lower freight rates and higher depreciation.
READ: PIL reports net earnings of $1.34 billion for FY2024
Fleet expansion and renewal continued, with 95 owned vessels and 11 chartered-in vessels in operation. The carrier also expanded its LNG dual-fuel newbuilding programme with eight additional 13,000 TEU vessels ordered in 2026, bringing total orders since 2022 to 28 units.
Cash and deposits increased to $2.74 billion, while gross gearing remained low at 0.15x, leaving the group in a net cash position.
Lars Kastrup, Chief Executive Officer of PIL Pte Ltd, said: “While the year ahead remains challenging amid geopolitical tensions, supply chain disruption and new capacity entering the market, Asia continues to be a key engine of global trade growth.”
He added that fleet modernisation, network expansion and disciplined capacity management will remain central to the carrier’s strategy as it navigates volatile market conditions.
For more information:
Pacific International Lines – https://www.pilship.com/
