Record-Breaking Financial Performance
In 2024, ZIM reported its best financial results ever outside the extraordinary earnings generated during the COVID period. The company achieved a net income of $2.2 billion and a revenue of $8.4 billion, with an adjusted EBITDA of $3.7 billion and an adjusted EBIT of $2.5 billion. The adjusted EBITDA margin was 44%, and the adjusted EBIT margin was 30%. ZIM's free cash flow in 2024 totaled $3.6 billion, compared to $919 million in 2023.
Record Volume Growth
ZIM achieved a third consecutive quarter of record carried BTUs in Q4 2024 and delivered a 14% double-digit volume growth for the year, compared to the overall market growth of less than 6%. The company's trans-Pacific volume grew by 27% in 2024.
Significant Dividend Payout
ZIM declared a dividend of $3.17 per share for a total of $382 million, bringing the total dividend payout on account of 2024 results to $7.98 per share or $961 million, representing approximately 45% of the 2024 annual net income.