05/19
Zim Integrated (ZIM) announced Q1 2025 results earlier today.
- Rev of $2.01B
- Adj EBITDA of $779M
- Net Income of $296M
- Div of $0.79/sh
- ZIM improved on all comparable metrics vs Q1 2024
https://static.seekingalpha.com/uploads/sa_presentations/942/110942/original.pdf
With some consideration of potential tariffs, ZIM mgmt is makes plans with some contingencies. Fleet of 141 vessels is comprised of 126 container vessels (including 16 owned vessels) and 15 car carriers. ZIM has optionality wrt fleet renewals in both 2025 and 2026
I trimmed my ZIM position last week. While some shares were sold for a loss, those sales did not factor in dividend payouts (including a hefty Q4 2024 payout). Since there is Israeli withholding tax applied to the dividend, sometimes trimming the position before ex-div might work as a strategy.