The shipping group CMA CGM closed the 2025 fiscal year with revenues of $54.4 billion, representing a decrease of 2.0% compared to the previous year, mainly driven by the decline in revenues from its container shipping activities. EBITDA stood at $10.6 billion, with a margin of 19.4%, representing a reduction of 4.8 percentage points compared to 2024.
On the occasion of the publication of annual financial results, the president and CEO of the group, Rodolphe Saadé, stated that in an environment marked by significant geopolitical uncertainty, the company achieved solid results in 2025, supported by the good performance of its shipping lines. Saadé indicated that the sustained growth of terminals, air freight operations, and logistics activities confirms the validity of the group’s business model, and added that heading into 2026, the priority is to protect teams and adapt operations to ensure reliable and quality service for its clients.
The 2025 fiscal year unfolded in a context of gradual normalization in the maritime transport and logistics sectors, marked by geopolitical tensions and changes in tariff policies, which generated uncertainty and influenced the reorganization of global trade flows. Trade growth remained dynamic, with an increase in transported volumes exceeding 4% year-on-year, particularly supported by intraregional flows and trade with emerging economies. At the same time, the expansion of global shipping capacity pressured freight rates downwards, which fell compared to 2024 in an environment that continues to be volatile. Disruptions on certain maritime routes, particularly in the Red Sea and the Gulf of Aden, continued to condition trade flows and navigation patterns, although their impact on effective capacity gradually decreased.
In the maritime sector, transported volumes reached 24.2 million TEUs, 2.8% more than in 2024, thanks to sustained demand. In the fourth quarter, volumes grew by 5.3%, above the market average. Annual revenues from the container business decreased by 6.1% to $34.3 billion, while EBITDA amounted to $7.9 billion, down from $11.2 billion in 2024. The EBITDA margin fell by 7.8 points to 23.0%, as a result of an average revenue per TEU of $1,414 throughout the year, which is 8.7% lower than the previous fiscal year.
During 2025, CMA CGM continued to strengthen its industrial assets and accelerate its energy transition. The group received 27 new vessels powered by liquefied natural gas (LNG) and methanol, having already invested nearly $30 billion in acquiring ships with these technologies. The shipping company plans for over 200 units of its fleet to operate with low-carbon energies, such as biomethane, biomethanol, or synthetic fuels, by 2030. In France, the company announced that ten LNG-powered ships of 24,000 TEUs will be flagged under the French flag starting in 2026, bringing the French fleet to 40 ships, an increase of over 30%. Additionally, through its She Sails program, CMA CGM doubled the number of women sailors in its workforce, from 200 to more than 400, with the goal of reaching 1,000 by 2030.
In the terminal segment, CMA CGM invested $2.5 billion to expand its portfolio to 66 terminals in 40 countries. Among the most relevant operations are entering into a partnership to develop a deep-water terminal in Hai Phong (Vietnam), completing the acquisition of 100% of Santos Brasil — the largest container terminal in South America — signing a memorandum of understanding to develop Terminal 4 of the port of Jeddah (Saudi Arabia) with a target capacity of 2.6 million TEUs, expanding the terminal at Khalifa port (United Arab Emirates) from 1.8 to 2.7 million TEUs, and acquiring a 20% stake in the Eurogate terminal in Hamburg, whose capacity will increase from 4 to 6 million TEUs. In April, the consortium led by CMA CGM (67%) launched a 30-year concession to operate the container terminal at the Édouard Herriot Port in Lyon, now called Lyon Rhône Terminal, with the aim of doubling decarbonized multimodal volumes in the city by 2030.
In logistics, CEVA Logistics revenues reached $18.3 billion in 2025, virtually stable compared to the previous year. EBITDA stood at $1.7 billion, down 2.2% with a margin of 9.4%, impacted by pressure on freight management activities in a volatile market and challenges in the automotive sector. Contract logistics, on the other hand, recorded solid performance both in billing and profitability. Among the year's most notable operations are the acquisition of Borusan Lojistik, a leading logistics provider in Turkey, and signing an agreement to purchase Fagioli Group, a global specialist in project logistics and heavy transport. In the automotive segment, the fleet dedicated to the transport of finished vehicles expanded to nine roll-on/roll-off ships with capacities ranging from 5,500 to 7,000 CEUs.
In other activities, which include terminals, air freight, and media business, revenues grew by 48.4% to $4.3 billion, supported by perimeter effects and strong performance in terminals and air freight. EBITDA reached $958 million, an increase of 115.3%, with a margin of 22.5%. In intermodal logistics, CMA CGM announced the acquisition of Freightliner Ltd, a leading intermodal rail transport operator in the UK. In air freight, the group acquired Air Belgium, integrated into its air freight division, and expanded its fleet to eight cargo planes operating under the CMA CGM AIR CARGO and Air Belgium brands. In the media sector, CMA Media completed the acquisitions of Brut and Chérie 25, reorganizing its governance into three divisions: audiovisual, press, and social networks.
In April 2025, CMA CGM presented its corporate purpose: "We envision better ways to serve a moving world," applicable to all its maritime, land, air, logistics, and media activities, in order to unite its 160,000 employees around a shared mission. The group also formalized a five-year strategic partnership with Mistral AI, supported by an investment of 100 million euros, to accelerate the integration of artificial intelligence solutions into its businesses.
Looking ahead to 2026, CMA CGM forecasts moderate growth in global container shipping, following a dynamic year in 2025. The evolution of the situation in the Middle East, particularly in the Red Sea, will be a determining factor for market balance and freight trends. The group notes that it will face this uncertain environment by relying on the diversification of its activities, the flexibility of its network, and its financial strength, and maintains as an absolute priority the safety and protection of its crew members and employees.